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Wabush Mines Owners to by Bloom Lake Mining Operation

wabush mines_01.jpgConsolidated Thompson's Bloom Lake Mine has been producing iron ore for just under a year. It was a major undertaking, and the company was already making plans to double production.

Then yesterday it was announced that the company was sold to Cliffs Natural Resources, the Owner of Wabush Mines, for almost five Billion dollars.

ConsolidatedThompson.jpgReporter Mike Power , Reached Francois Laurin, of Consolidated Thompson in Montreal to find out more about the deal.

Thumbnail image for Thumbnail image for usw.jpgMike also spoke withJason Penny, the President of the Steelworkers at Wabush mines. He got a phone call Tuesday afternoon from a Wabush Mines executive telling him their Parent company Cliffs, had just bought Consolidated Thompson. There are many questions as to how this will affect the operations. 

Thumbnail image for wabush_03.jpgand.....Wabush Mayor Ron Barron tells us what he thinks of the move and the impact it might have on the community


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