Cliff Natural Resources (Bloom Lake)

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Cliff Natural Resources (Bloom Lake)

posted on Dec 26, 2014 08:11AM

** Cliffs Natural Resources Inc is feeling more pain
from its foray into Canada. As the Cleveland-based company pulls
up stakes at its money-losing Bloom Lake iron ore mine in
northeastern Quebec after investing billions in what its chief
executive dubbed a "disaster," the company's subsidiary, Bloom
Lake General Partner Ltd has been hit with a record
C$7.5-million fine for environmental infractions at the site. (http://bit.ly/16TGP2L)

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