For 2011, Cliffs is maintaining its SG&A expenses expectation of approximately $200 million. In addition, the Company expects to incur the following additional cash outflows:
... In addition, Cliffs has a major chromite project, in the pre-feasibility stage of development, located in Ontario, Canada.
-- Approximately $50 million to $55 million related to its global
exploration activities;
-- Approximately $40 million related to its chromite project in Ontario,
Canada; and
-- Approximately $10 million related to Sonoma Coal partner profit
sharing, down from a previous estimate of $50 million due to lower
anticipated sales volumes.
... In addition, Cliffs has a major chromite project, in the pre-feasibility stage of development, located in Ontario, Canada.
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