Cleveland-Cliffs to Buy Alpha as Coal Prices Surge (Update1) (Bloomberg.com)

July 16 (Bloomberg) — Cleveland-Cliffs Inc. , North America’s largest producer of iron ore, agreed to buy coal-mining company Alpha Natural Resources Inc. for $10 billion as demand surges for the ingredients used to make steel.

Source:Cleveland-Cliffs to Buy Alpha as Coal Prices Surge (Update1) (Bloomberg.com)

This entry was posted on Thursday, July 17th, 2008 at 12:00 am and is filed under Financial Advice. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.