Cliffs to suspend $3.3B Canadian mining project indefinitely

|About: Cliffs Natural Resources ... (CLF)|By:, SA News Editor

Cliffs Natural Resources (CLF) will indefinitely halt its $3.3B chromite-mining Black Thor project in Canada's Ring of Fire region by year-end.

The miner had wanted to build a highway that could be used to transport the chromite, which is refined into ferrochrome for use in stainless steel, but was blocked by regulators in September due to a dispute over land claims. Cliffs suspended work on the road in June because of the uncertainty over the rights. (PR)