Nickel price slumps as global production soars
Production from top supplier Indonesia jumped 41% in January, compared to last year.
Consolidated Thompson Iron Mines Limited (TSX:CLM) (“CLM” or the “Corporation”) today announced that Cliffs Natural Resources Inc. (“Cliffs”) has received approval under the Investment Canada Act for completion of the plan of arrangement (the “Arrangement”) pursuant to which Cliffs will acquire all the outstanding common shares of CLM. The closing of the Arrangement remains subject to certain other customary conditions, including obtaining approval of the MOFCOM filing with the Anti-Monopoly Bureau of the Ministry of Commerce of the People’s Republic of China.
Read the full news release here.