Do you recall this back in Feb 7, 2011?

So, how do you get around that? How do you get a commitment from Cliffs to process here and not get people angry by cutting a "sweeheart deal for a special hydro rate."

Answer: you think outside of the box. Get away from public and get into private hydro.

You agree to the Abitibi dam sale. You get cheap 131 MGW of Power. You have 44% of the 300MGW needed by Cliffs. Great Start!

Please read points from 1-4 below with focus on the bold font.

(1) Monday November 23, 2009

CLEVELAND--(BUSINESS WIRE)--Regulatory News:

Cliffs Natural Resources Inc. (NYSE: CLF) today announced it has entered into a definitive agreement to acquire the “Ring of Fire” chromite properties of Montreal-based Freewest Resources Canada Inc. (TSX-V: FWR). ... Blake, Cassels & Graydon LLP is acting as legal advisor to Cliffs, in connection with the transaction.

(Pay close attention to the Name Blake, Cassels & Graydon LLP and you will understand where I am going with this.)

(2)Nov.24, 2010

BluEarth is in discussions with several possible targets, and by mid-2011 it hopes to have at least one project that is producing power under its wing and at least one other by the end of 2012. Within five to seven years it hopes to have a portfolio of around 350 to 400 megawatts of renewable power

(3) Pay attention to the 350-400Megawatts of power BluEarth is talking about in item#2 above. What a coincidence. Exactly the power Cliff's needs.

Cliffs Outlines Base Case for Ontario Chromite Project

A ferrochrome production facility (FPF) using closed electric arc furnaces would be developed to produce ferrochrome. The availability of a large, reliable, long-term and cost-competitive supply of electricity is a requirement for the FPF. Current estimates of the furnace requirements are approximately 300 MW. Cliffs has identified only a few places in Northern Ontario where this power requirement can be met

(4)

(Pay close attention to the name: Blake, Cassels & Graydon LLP in point#4. Go back and re-read item #1 above. This firm was the legal advisor to Cliffs in the Freewest purchase)

http://www.econtext.ca/2011/AboriginalLaw/agenda

1:15 Staying Up-to-Date on the Critical Developments Impacting the Duty to Consult

Ben Jetten
Partner, Blake, Cassels & Graydon LLP

• Gaining insight into the latest trends and “big picture” on the duty to consult and accommodate to improve your current practice and prepare for future consultation
• Examining the perennial question of whose duty it is to consult to determine the rights and responsibilities
• Analyzing the latest case law on consultation and accommodation:
  • what are courts saying about how proponents can ensure adequate consultation has been completed? Analyzing North Arrow (NWT)
  • learning why the Court rejected a First Nations request for judicial review of a water management plan in Tsuu T’ina Nation v. Alberta (Environment)
  • understanding how the SCC decision in McIvor will impact membership in a band and thus who will and should be consulted
  

(5)Pay close attention to two things in this article. TD securities and... there we go again. ...Blake, Cassels & Graydon. Can you smell Cliffs?

Calgary, Alberta (May 30, 2011): BluEarth Renewables Inc. (“BluEarth”) today announced the close of its acquisition of an interest in ACH Limited Partnership (“ACH”). ACH owns eight operating hydroelectric plants with 131 MW of capacity in Ontario. ACH was previously owned by AbitibiBowater and the Caisse de dépôt et placement du Québec.

BluEarth partnered on this $640 million acquisition with a major Canadian institutional investor. These plants have approximately 19 years remaining in a 20-year power purchase agreement with the Ontario Power Authority, and will generate long-term stable cash flows for BluEarth. TD Securities Inc. and Blake, Cassels & Graydon represented BluEarth and its partner as financial and legal advisors, respectively, for this transaction.