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Cliffs puts more Canadian assets on the block


After shutting down its Bloom Lake iron ore mine as part of a plan to exit Eastern Canada amid low commodity prices, U.S. miner Cliffs Natural Resources is about to divest itself of more Canadian assets. CBC News reported recently that the Cleveland-based company's subsidiaries, which filed for creditor protection, are "seeking a Quebec court's permission to solicit interest in the Bloom Lake mine, the Wabush Mine, and related port and rail assets in Quebec and Labrador, according to a motion filed by monitor FTI Consulting Canada." more

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