Cliff attracts bidders for Bloom Lake iron ore mine.

OTTAWA (Scrap Monster): Ryan Dermody, who works as a natural resources advisor at Investissement Quebec, stated that, the interested parties in the mine would include multinational mining companies as well as investment funds. Even so, he declined to name any of the anticipated buyers, as it is too early to reveal the matters.

Any ways, there are two contenders, who are seriously interested in acquiring the mine and is having discussions with Cliffs Natural Resources, and the advisor is trying to find out how the negotiations will work out. He stated that, there are many chances of probable outcomes, and one among those is acquisition of the assets.

The spokeswomen of Cliff, didn’t respond to the emails or phone calls from the media. The share of the company, suddenly hiked by 12 percent to 8.72 dollars at the closing of day in New York, and is noted to be the biggest gain since the month of November.

The company had planned to close down its operations art the mine, due to the decline in the price of iron ore. In the 2^nd of January, the company had finally put an end to the production of steel making raw material in the Bloom Lake mine, which the company, based in Cleaveland, acquired in the year of 2011through the takeover of the company’s 4.2 billion dollars worth Consolidated Thompson Iron Ore Mines