Cliffs Natural Resources Inc. (NYSE:CLF) announced today that it intends to offer to sell, subject to market and other conditions, $575 million aggregate principal amount of its 5.75 percent senior guaranteed notes due 2025 (the “Additional Notes”) in an offering that is exempt from the registration requirements of the Securities Act of [...]
Cliffs Natural Resources Inc. (NYSE:CLF) announced today the commencement of a tender offer to purchase (the “Tender Offer”), subject to certain terms and conditions, any and all of its outstanding 8.250% Senior Secured Notes due 2020 (the "Notes"), at the price set forth below. The Tender Offer is scheduled to expire at 5:00 p.m., New [...]
Cliffs Natural Resources Inc. (NYSE: CLF) today reported second-quarter results for the period ended June 30, 2017. The Company reported consolidated revenues of $569 million, an increase of 15 percent compared to the prior year's second-quarter revenues of $496 million. Cost of goods sold increased by 5 percent to $424 million compared to $405 [...]
Cliffs Natural Resources Inc. (NYSE: CLF) today said it will be announcing second-quarter 2017 financial results before the U.S.-market open on Thursday, July 27, 2017. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results. When [...]
Cliffs Natural Resources Inc. (NYSE:CLF) announced today that it has selected a site in Toledo, Ohio for the development of its first hot briquetted iron (HBI) production plant. Midrex Technologies was selected to design, engineer and procure equipment for the new plant, which will have the nominal capacity to produce 1.6 million tons of HBI per [...]
Cliffs Natural Resources Inc. (NYSE: CLF) today issued the following statement regarding President Trump’s decision for the withdrawal of the United States’ participation in the Paris climate accord. Lourenco Goncalves, Cliffs' Chairman, President and Chief Executive Officer, said, “Cliffs applauds President Trump for his decision [...]
Cliffs Natural Resources Inc. (NYSE: CLF) announced today that production of the new Mustang superflux pellet has started at its United Taconite mine. The start up of the new production equipment, including supporting infrastructure, was flawlessly executed on schedule, after nine months of construction, as planned, and within the original total [...]
CLEVELAND, May 4, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) is responding to articles published today by Barron's Ben Levisohn and Axiom Capital Management's Gordon Johnson with respect to an open market purchase of 200,000 Cliffs shares made yesterday by its Chairman, President and CEO, Lourenco Goncalves. These comments [...]
The Company to Ring the NYSE Stock Market Closing Bell Today CLEVELAND, May 1, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) will ring The Closing Bell at the New York Stock Exchange today, May 1, 2017. Lourenco Goncalves, Cliffs' Chairman, President and Chief Executive Officer, the company's board of directors and executive [...]
- Net Loss of $30 million, including $72 million of debt extinguishment/restructuring charges - Adjusted EBITDA(1) of $92 million - Year-over-year total debt reduced by $900 million to $1.6 billion - Year-over-year net debt(3) reduced by $1.1 billion to $1.3 billion CLEVELAND, April 27, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE [...]
CLEVELAND, April 20, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today issued the following statement regarding President Trump's executive memorandum for prompt investigation by the Department of Commerce into the implications of foreign steel imports under section 232. Lourenco Goncalves, Cliffs' Chairman, President and Chief [...]
CLEVELAND, April 3, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today said it will be announcing first-quarter 2017 financial results before the U.S.-market open on Thursday, April 27, 2017. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional [...]
