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Cliffs Gets Toehold in Asia after Successful Consolidated Purchase

The diversification strategy of Cliffs Natural Resources got a boost after it paid more than $4 billion to successfully purchase Canada’s Consolidated Thompson. The US based mining company has been…

Broken Deal between BHP Billiton and Rio Tinto

Only 16 months after revealing their joint venture plan, BHP Billiton and Rio Tinto canceled the $116bn iron-ore joint venture proposal. The deal was expected to be cancelled since major…