MinRes buys Koolyanobbing

AS its hopes of acquiring Atlas Iron fade, Mineral Resources has acquired Cleveland-Cliffs’ Koolyanobbing iron ore operation.

MinRes buys Koolyanobbing MinRes buys Koolyanobbing MinRes buys Koolyanobbing MinRes buys Koolyanobbing MinRes buys Koolyanobbing

Koolyanobbing

The formal terms of the agreement were not disclosed but Cliffs said the costs of closing the operation was expected to be reduced by US$65-75 million, based on MinRes assuming certain obligations and

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