Environmental laws give Cliffs pause: Carrabba
Mar 25, 2013 | 03:48 PM
| Catherine Ngai
NEW YORK Federal environmental laws are hurting iron ore miner Cliffs Natural Resources Inc., particularly as uncertainty over new regulations has forced it to take a second look at new U.S. investments, the companys top executive said.
"I dont think anyone is trying to avoid good environmental regulation. But give us a clear and transparent process. Dont change the rules after many years of work," Joseph A. Carrabba, chairman, president and chief executive officer of Cleveland-based Cliffs, told AMM in an interview. "We need more transparency in the science of how the rules and regulations work. Were just not getting access to that."....
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