Friday, July 10, 2009

Cliffs Defers 1m Tonne Iron Ore Pellet Sale

Mining company Cliffs Natural Resources Inc. said nn Thursday that it expects to defer about one million tons of iron ore pellet sales to the first quarter of 2010. This was at the request of one of their customers.

The move brings the company's full-year contractual obligations to 17 million tons of iron ore pellets, down from 22.8 million tons in 2008.

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