Cliffs Natural Resources is considering selling its Ring of Fire chromite properties, and a Toronto junior miner operating in the remote region of Ontario said it’s arranging the financing to take control of the project.
KWG president-CEO Frank Smeenk told the Globe and Mail newspaper he has discussed a transaction with new Cliffs boss Lourenco Goncalves, who is eager to sell the dormant Far North project as the new corporate blood at the Ohio miner looks to divest itself of its international projects and focus on its core U.S. iron assets.
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