Cleveland Mining Company Ltd. (ASX: CDG, “Cleveland” or “the Company”) is pleased to announce that it has formed a strategic alliance with BC Iron Ltd. (ASX: BCI), a Western Australian Iron Ore producer operating the 5 million tonne per annum Nullagine Iron Ore Project as a 50/50 joint venture. Under the terms of the strategic alliance, BC Iron will form a Joint Venture partnership with Cleveland aimed at acquiring and developing new iron ore projects in Brazil and, furthermore, will take a cornerstone ownership position in Cleveland.
should be doing the same if they want to expand and get noticed?
SFZ Price at posting:
19.5¢ Sentiment: None Disclosure: Held