Cleveland Cliffs flags 100% purchase of Portman

AMERICAN company Cleveland Cliffs, the majority owner of Australia’s fourth-largest iron ore miner Portman, has flagged the possibility of taking full ownership of Portman and may look to dual-list on the Australian bourse.

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Speaking to journalists on the sidelines of Diggers & Dealers in Kalgoorlie, Cleveland Cliffs president Don Gallagher said the company, which has an 86% stake in Portman, might look to purchase