Cliffs increases Decar stake, mulling more

Mar 27, 2013 | 04:21 PM | Daniel Fitzgerald

Tags  First Point Minerals, Cliffs Natural Resources, Cliffs Natural Resources Exploration Canada, Sean Whiteford, Decar, nickel, nickel project

NEW YORK — A subsidiary of Cliffs Natural Resources Inc. has increased its stake in the proposed Decar nickel-iron alloy project in British Columbia to 60 percent from 51 percent previously following the receipt of a preliminary economic assessment (PEA).

Cliffs Natural Resources Exploration Canada Inc. now has 120 days to elect to increase its ownership to 65 percent by completing a prefeasibility study within a two-year time period, according to project partner First Point Minerals Corp.....

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