Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Cliffs exit

Vladimir, you need to re-think, a "successful sale", not.

Cliffs Natural Resources: Vladimir Zernov Thoughts On Recent Developments

Also in the news, Cliffs has just announced that it had entered into a definitive agreement to sell its chromite assets in Canada to Noront Resources for $20 million. This is another successful sale for Cliffs after Lourenco Goncalves became the CEO of the company. Previously, Lourenco Goncalves stated that he had no hope that the company's chromite assets would be sold. He also added that he did not think that the "Ring of Fire" would be developed in the next 50 years. In this light, the sale of the company's chromite assets is a positive outcome. This sale highlights the new management's ability to sell non-core assets in a tough environment.

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