Cliffs increases Decar stake, mulling more
Mar 27, 2013 | 04:21 PM
| Daniel Fitzgerald
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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