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.
Login

By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more. more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close