Cliffs accelerates WA exit

US-based Cleveland-Cliffs is planning to exit its Western Australian iron ore operations by the end of the year.

Cliffs accelerates WA exit Cliffs accelerates WA exit Cliffs accelerates WA exit Cliffs accelerates WA exit Cliffs accelerates WA exit

The Koolyanobbing mine in WA sold 2 million tonnes of iron ore in the December quarter, down 30% year-on-year.

Full-year sales dropped to 10.1Mt from 11.8Mt and the margin per tonne dropped to US$4.