CLEVELAND, March 27, 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 [...]
CLEVELAND, March 25, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) ("Cliffs" or the "Company") announced today that it has priced $540 million aggregate principal amount of 8.25% Senior Secured Notes due March 31, 2020 (the "New First Lien Notes") in an offering that is exempt from the registration requirements of the Securities [...]
CLEVELAND, March 23, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) is pleased to announce that it has entered into a definitive agreement to sell its Chromite assets in Northern Ontario, Canada to Noront Resources Ltd. for $20 million. The transaction is comprised of the chromite deposits and associated claims held by Cliffs. The [...]
CLEVELAND, March 19, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) ("Cliffs" or the "Company") announced today that it intends to offer to sell, subject to market and other conditions, $500 million aggregate principal amount of Senior Secured Notes due 2020 (the "New First Lien Notes") in an offering that is exempt from the [...]
CLEVELAND, March 11, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced the results to date of its pending private offers to exchange (the "Exchange Offers") its newly issued 7.75% Senior Secured Notes due 2020 (the "Senior Secured Notes") for certain outstanding senior unsecured notes of Cliffs listed in the table below [...]
CLEVELAND, March 5, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced that it has amended its previously announced private offers (the "Exchange Offers") to exchange its newly issued 7.75% Senior Secured Notes due 2020 (the "Senior Secured Notes") for certain outstanding senior unsecured notes of Cliffs, upon the terms [...]
CLEVELAND, Feb. 26, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced the commencement of private offers to exchange up to $750 million aggregate principal amount of its newly issued 7.75% Senior Secured Notes due 2020 (the "Senior Secured Notes") for certain outstanding senior unsecured notes of Cliffs, upon the terms [...]
Anticipates End to System Support Resource Payments for All Consumers CLEVELAND, Feb. 18, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has finalized an interim power agreement with We Energies for its Michigan operations. The Company stated that this is one key step in a series of contemplated short and [...]
LONDON, February 11, 2015 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Investor-Edge has initiated coverage on the following equities: Vale S.A. (NYSE: VALE), Cliffs Natural Resources Inc. (NYSE: CLF), Molycorp Inc. (NYSE: MCP), Teck Resources Ltd. (NYSE: TCK), and Rio Tinto Plc (NYSE: RIO). Free [...]
- Reports Fourth-Quarter Adjusted EBITDA1 of $297 million - Reports U.S. Iron Ore Realized Pricing of $99 Per Ton in the Fourth Quarter - Seaborne Iron Ore Businesses Record Impairment Charges of $1.2 Billion in Fourth Quarter CLEVELAND, Feb. 2, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today reported fourth-quarter and [...]
Commences Formal Canadian Restructuring Proceedings CLEVELAND, Jan. 27, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that Bloom Lake General Partner Limited and certain of its affiliates, including Cliffs Quebec Iron Mining ULC (collectively, "Bloom Lake Group") commenced restructuring proceedings in Montreal [...]
CLEVELAND, Jan. 26, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that during the fourth quarter of 2014 and the beginning of January 2015, the Company reduced its net debt balance by more than $400 million. This accelerated debt reduction was achieved through the repayment of short-term debt as well as the [...]