CLEVELAND, Oct. 3, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today said it will be announcing third-quarter 2016 financial results before the U.S.-market open on Thursday, October 27, 2016. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional [...]
CLEVELAND, Sept. 29, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that its employees represented by the United Steelworkers (USW) at its Tilden and Empire mines in Michigan, and its United Taconite and Hibbing Taconite mines in Minnesota ratified a new 3-year labor contract. The new contract is retroactively [...]
CLEVELAND, Aug. 26, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today a tentative agreement with the United Steelworkers (USW), on a new 3-year labor contract that is effective as of October 1, 2015. The new contract will cover approximately 2,000 USW-represented workers at Cliffs' Tilden and Empire mines in Michigan [...]
CLEVELAND, Aug. 17, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it will redeem the entirety of its outstanding Senior Notes due January 2018 (the "Notes"). The aggregate principal amount outstanding of the Notes is approximately $284 million. Pursuant to the terms of the Notes and the Indenture governing the [...]
CLEVELAND, Aug. 15, 2016 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) and Cliffs Natural Resources Inc. (NYSE: CLF) issue the following clarification statement about project funding for the proposed natural gas-fired power solution in the Upper Peninsula of Michigan: WEC Energy Group through its affiliates will fund the entire $255 million [...]
CLEVELAND, Aug. 15, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that its Tilden Mining Company has entered into a new 20-year energy agreement with WEC Energy Group (NYSE: WEC) to provide Tilden mine with a long-term, reliable and affordable source of electrical power in Michigan. Lourenco Goncalves, Cliffs [...]
CLEVELAND, Aug. 10, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today the pricing of its underwritten public offering of its common shares ("Common Shares"). Cliffs agreed to sell approximately 44.4 million Common Shares at a public offering price of $6.75 per share (the "Offering"). Gross proceeds to Cliffs from this [...]
CLEVELAND, Aug. 9, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced the commencement of an underwritten public offering of $300 million of its common shares ("Common Shares") or up to an aggregate of $345 million of Common Shares if the underwriters exercise their option to purchase additional Common Shares in full [...]
- Reports Net Income of $30 million - Achieves Adjusted EBITDA(1) of $102 million - Reports Earnings of $0.07 per diluted share - Cost of goods sold decrease by 8 percent to $405 million - U.S. Iron Ore cash production costs(2) decrease 17 percent to $46 per long ton - Asia Pacific Iron Ore cash production costs(2) decrease 17 percent to $28 per [...]
CLEVELAND, July 8, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) Chairman, President and Chief Executive Officer, Lourenco Goncalves issued the following statement in response to the State of Minnesota's termination of Essar Steel Minnesota's mineral leases associated with the Nashwauk, MN mine site: "I am pleased that Minnesota [...]
CLEVELAND, July 6, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today said it will be announcing second-quarter 2016 financial results before the U.S.-market open on Thursday, July 28, 2016. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional [...]
CLEVELAND, June 9, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it will be restarting operations in August at its United Taconite mining facility (UTAC) in Minnesota. This restart will occur two months earlier than the anticipated October 2016 start date previously reported last week following the [...]