Black Thor schedule uncertain: Cliffs
Feb 14, 2013 | 03:26 PM
| Daniel Fitzgerald
Tags
Cliffs Natural Resources,
Black Thor,
ferrochrome,
Joseph Carrabba,
chromite,
Michael Gravelle,
Daniel Fitzgerald
NEW YORK — Cliffs Natural Resources Inc. is now declining to provide a schedule for its Black Thor chromite project due to a “stalled dialogue” with the provincial government of Ontario.
The Cleveland-based company expects to spend approximately $60 million in 2013 to complete the feasibility stage of the Black Thor development, but it cautioned that “resolution of certain critical elements of the project’s future are not solely within our control,” citing suspended discussions with the provincial government. ....
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