Cliffs to take major hit in Q4

Two years ago when Cliffs Natural Resources (CLF-N) acquired Consolidated Thompson Iron Mines and its Bloom Lake mine for US$4.97 billion, many critics argued the Cleveland-based company had overpaid.Now Cliffs says that it will take a US$1.4-billion goodwill impairment charge...

You have reached your limit of free weekly articles. You will receive access to another article next week.

Subscribe for as low as $2.19 per week and enjoy these benefits.
Daily and weekly articles, site-visits reports, feature supplements and real-time mining press releases. You will also have access to 1-year of article archives and much more.
Review Full Subscription Benefits
If you are already a subscriber to The Northern Miner please log in by clicking the button below.