To HVAN1:

"If they have they're in big trouble now that the 2nd stage expansion for Bloom Lake has been indefinitely delayed."

 

NOT CORRECT.

 

See:

 

http://www.theglobeandmail.com//globe-investor/news-sources/?date=20130212 &archive=prnews&slug=CL59049

 

"Unfortunately, our ramp up of Bloom Lake Mine has been slower than originally anticipated, resulting in decreased volumes and increased costs. Despite these challenges, we continue to make progress on the mine's production stability, development, and tailings management. We believe this will ensure a smooth transition for Bloom Lake's Phase II production startup next year. Bloom Lake is on track to achieve an annual production run rate of 14 million tons by 2015, which accounts for more than a quarter of Cliffs' current total iron ore volume."

Eigen337