"Cleveland-Cliffs Inc., North America's largest producer of iron-ore pellets, agreed to buy coal-mining company Alpha Natural Resources Inc. for $10 billion as demand for materials used in steelmaking surges."
Cleveland-Cliffs to Buy Alpha Natural for $10 Billion
MNM is still to test the coal quality for coking. The current grades suggest they could be used for grade II coking coal. This is good news for all colliers.
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