Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1

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Cliffs Seeks Creditor Protection for Quebec Iron Ore Mine
By Tim Loh - 27/gen/2015 19:23:55
Cliffs Natural Resources Inc. (CLF ▼ -1,39% 7,12), the largest U.S. iron ore producer, said it’s seeking creditor protection in Canada for its Bloom Lake operations in Quebec after being unable to find a buyer.

Bloom Lake General Partner Ltd. and certain affiliates started restructuring proceedings in Montreal under Canada’s Companies’ Creditors Arrangement Act, Cliffs said in a statement on Tuesday.

Cliffs has suspended production at Bloom Lake amid a slump in iron ore prices and for several months has been looking at options to sell some of its Canadian assets.

The Cleveland-based company purchased Bloom Lake as part of a $4.3 billion takeover of Consolidated Thompson Iron Mines Ltd. in 2011.

To contact the reporter on this story: Tim Loh in New York at [email protected]

To contact the editors responsible for this story: Simon Casey at [email protected] Steven Frank

More articles on New York
 
Cliffs Seeks Creditor Protection for Quebec Iron Ore Mine
By Tim Loh - 27/gen/2015 19:23:55
Cliffs Natural Resources Inc. (CLF ▼ -1,39% 7,12), the largest U.S. iron ore producer, said it’s seeking creditor protection in Canada for its Bloom Lake operations in Quebec after being unable to find a buyer.

Bloom Lake General Partner Ltd. and certain affiliates started restructuring proceedings in Montreal under Canada’s Companies’ Creditors Arrangement Act, Cliffs said in a statement on Tuesday.

Cliffs has suspended production at Bloom Lake amid a slump in iron ore prices and for several months has been looking at options to sell some of its Canadian assets.

The Cleveland-based company purchased Bloom Lake as part of a $4.3 billion takeover of Consolidated Thompson Iron Mines Ltd. in 2011.

To contact the reporter on this story: Tim Loh in New York at [email protected]

To contact the editors responsible for this story: Simon Casey at [email protected] Steven Frank

More articles on New York

non riesco a capire che riflesos avrà sui bond...
 
US87927VAR96

Le obbligazioni con ISIN USxxxxxx, tipo questa qui sopra, si acquistano pagandole T+3? O T+2? Grazie
 
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