Cliffs Natural Resources Inc

US stocks slip, Dec. 11-17

U.S. equities closed lower, despite receiving a boost after the Federal Reserve raised interest rates. The Dow Jones Industrial Average fell 0.5% to 17,495.84, while the S&P 500 Index lost 0.5% to close at 2,041.89. The Nasdaq dipped 0.8%…

The concentrator building at the now-shuttered Bloom Lake iron ore mine, photographed in 2010 when it was in operation. Credit: Consolidated Thompson Iron Mines

Champion Iron buys Bloom Lake for $10.5M

Champion Iron (TSX: CIA; ASX: CIA) is taking advantage of the commodities crash to snatch the shuttered Bloom Lake iron ore mine in the Labrador Trough for a fraction of its previous purchase price.

The headframe at St Andrew Goldfields' flagship Holt gold mine, 53 km east of Timmins, Ontario, which operates at a rate of 1,300 tonnes per day. Credit: St Andrew Goldfields

Cliffs shutters Northshore amid weak iron ore demand

Cliffs Natural Resources (NYSE: CLF), the largest U.S.-based iron ore producer, is temporarily closing its Northshore Mining operation in Minnesota by Dec. 1, to reduce its record-high iron ore inventory levels amid weaker iron ore demand in…

US stocks rise, Nov. 13-19

U.S. equities gained after the Federal Reserve signalled a possible December rate hike at its last policy meeting, suggesting the U.S. economy is getting stronger. The Dow Jones Industrial Average rose 1.6% to finish at 17,448.07, the S&P…