CLEVELAND, Jan. 27, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced the commencement of private offers to exchange up to $710 million aggregate principal amount of its newly issued 8.00% 1.5 Lien Senior Secured Notes due 2020 (the "New 1.5 Lien Notes") for certain outstanding notes of Cliffs, upon the terms and [...]
CLEVELAND, Jan. 27, 2016 /PRNewswire/ -- Achieves fourth-quarter Adjusted EBITDA1 of $76 million Realizes significant year-over-year cost savings U.S. Iron Ore cash production costs3 decrease 23 percent to $45 per ton in the fourth quarter Asia Pacific Iron Ore cash production costs3 decrease 40 percent to $26 per ton in the fourth quarter [...]
CLEVELAND, Jan. 13, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today said it intends to announce fourth-quarter and full-year 2015 financial results before the U.S.-market open on Wednesday, January 27, 2016. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and [...]
CLEVELAND, Jan. 4, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced that, under the terms of its 7.00% Series A Mandatory Convertible Preferred Stock, Class A ("Series A preferred stock"), the final quarterly dividend will not be paid in cash. Instead, pursuant to the terms of the Series A preferred stock, the [...]
CLEVELAND, Dec. 22, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) has closed the sale of its remaining coal business, Pinnacle Mine in West Virginia and Oak Grove Mine in Alabama, to Seneca Coal Resources, LLC. Cliffs values the transaction at closing at $268 million based on Seneca Coal assuming all liabilities of the business [...]
CLEVELAND, Nov. 17, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it is temporarily idling iron ore pellet production at its Northshore Mining operation in Minnesota by Dec. 1, 2015. The Company stated that until its domestic customers' blast furnace capacity utilization rates improve, existing customer demand [...]
NEW YORK, NY / ACCESSWIRE / November 9, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Cocrystal Pharma Inc (OTC: COCP), Hackett Group Inc (NASDAQ: HCKT), Cliffs Natural Resources Inc (NYSE: CLF) and BlackRock Floating Rate Income Strategies Fund [...]
CLEVELAND, Oct. 29, 2015 /PRNewswire/ -- Earnings of $0.19 per diluted share from continuing operations driven by significant year-over-year cost savings U.S. Iron Ore cash production costs3 decrease 16 percent to $49 per ton Asia Pacific Iron Ore cash production costs3 decrease 49 percent to $27 per ton Capital expenditures decrease 66 percent [...]
CLEVELAND, Oct. 19, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today stated that in July 2015, Cliffs' CEO and three other Cliffs' executives accepted the invitation by Essar Minnesota's CEO Madhu Vuppuluri to tour the Essar Minnesota construction site. As a result of the site visit and Cliffs' decades of experience in the [...]
CLEVELAND, Oct. 6, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced that, effective October 5, 2015, it has terminated its Pellet Sale and Purchase Agreement with Essar Algoma. Cliffs' decision was made as a result of Essar Algoma's multiple and material breaches under the agreement. While the agreement has been [...]
CLEVELAND, Oct. 1, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today said it intends to announce third-quarter 2015 financial results before the U.S.-market open on Thursday, October 29, 2015. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional [...]
CLEVELAND, Sept. 10, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced that its Board of Directors declared a quarterly cash dividend on the Company's 7.00% Series A Mandatory Convertible Preferred Stock, Class A ("Series A preferred stock"), of $17.50 per share, which is equivalent to approximately $0.4375 per [...]