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 [...]
CLEVELAND, May 31, 2016 /PRNewswire/-- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has entered into a new long-term commercial agreement with ArcelorMittal USA LLC to supply tailor-made iron ore pellets for the next ten years through 2026. The new agreement will replace two existing agreements expiring in Dec. 2016 and Jan [...]
CLEVELAND, May 24, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) issues the following clarification to its joint news release with Minnesota Power, dated May 24, 2016: Cliffs confirms that it has received the full $31 million in cash pursuant to the terms of the previously disclosed agreements with Minnesota Power. Such agreements [...]
CLEVELAND, May 24, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that through its subsidiaries it has entered into multiple agreements with Minnesota Power, a utility division of ALLETE Inc. (NYSE: ALE). Cliffs will receive $31 million dollars in cash as part of a long-term purchased power arrangement for its [...]
CLEVELAND, May 20, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today it took top honors at the fourth Annual Platts Global Metals Award for the Industry Leadership Award for Raw Materials & Mining. Cliffs Natural Resources and its leadership were recognized for its strategic vision and strong operating performance. The [...]
- Reports Net Income of $117 million and Earnings of $0.62 per diluted share - Achieves Adjusted EBITDA(1) of $36 million - U.S. Iron Ore cash production costs(2) decrease 26 percent to $48 per long ton - Asia Pacific Iron Ore cash production costs(2) decrease 27 percent to $27 per metric ton CLEVELAND, April 28, 2016 /PRNewswire/ -- [...]
CLEVELAND, March 24, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today said it intends to announce first-quarter 2016 financial results before the U.S.-market open on Thursday, April 28, 2016. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional [...]
CLEVELAND, March 15, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today issued the following statement regarding the recently filed lawsuit by certain Plaintiff Noteholders: Cliffs typically does not comment on litigation matters. However, the Company felt compelled to state its belief that this lawsuit over the note exchanges in [...]
Mining company alleged to have wrongfully excluded retail bondholders from exchange of unsecured corporate bonds for secured bonds; federal suit follows on heels of similar case brought against oil company Vanguard Natural Resources; lawyers note unfair exchange offer reflects "serial pattern by distressed companies to disadvantage retail [...]
CLEVELAND, March 14, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it will be restarting iron ore pellet production at its Northshore Mining operation in Minnesota by May 15, 2016. The Company is taking such action based on its domestic customers' demand for iron ore pellets and consistent with its previously [...]
