- 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 [...]
CLEVELAND, Jan. 6, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced that it will host a conference call to be held on Tuesday, February 3, 2015 to review 2014 fourth-quarter and full-year financial results. The results will be released after the U.S. market close on Monday, February 2, 2015. The press release, and [...]
CLEVELAND, Jan. 2, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) is pleased to announce that it has completed the sale of its Logan County Coal assets in West Virginia to Coronado Coal II LLC, an affiliate of Coronado Coal LLC, for $174 million in cash and the assumption of certain liabilities. The expected tax benefit associated [...]
CLEVELAND, Dec. 3, 2014 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has terminated its previously announced cash tender offers (the "Tender Offers") for up to a maximum aggregate principal amount of its outstanding (i) 3.95% Senior Notes due 2018 (the "2018 Notes"), (ii) 5.90% Senior Notes due 2020 (the "March [...]
CLEVELAND, Dec. 3, 2014 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has entered into a definitive agreement to sell its Logan County Coal assets in southern West Virginia to Coronado Coal II LLC for US$175 million in cash and the assumption of certain liabilities. Cliffs anticipates using the cash proceeds from [...]
CLEVELAND, Nov. 19, 2014 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today the commencement of tender offers to purchase (each offer a "Tender Offer" and collectively, the "Tender Offers") for cash, subject to certain terms and conditions, up to the maximum aggregate principal amount of its outstanding 3.95% Senior Notes due [...]
CLEVELAND, Nov. 19, 2014 /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, Nov. 19, 2014 /CNW/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it is pursuing exit options for its Eastern Canadian iron ore operations which may result in the closure of the Bloom Lake mine. Lourenco Goncalves, Cliffs' Chairman, President and Chief Executive Officer said, "Despite the continued interest of the [...]
CLEVELAND, Nov. 4, 2014 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced that its Board of Directors declared a quarterly cash dividend on the Company's common shares of $0.15 per share. The cash dividend will be payable on Dec. 1, 2014, to shareholders of record as of the close of business on Nov. 15, 2014. About Cliffs [...]
- Reports Adjusted EBITDA1 of $233 million and Adjusted Earnings2 of $0.21 per diluted share - Reports Realized Pricing of $101 Per Ton in U.S. Iron Ore in Q3 2014 - Cash Cost Per Ton Rate Improves Across All Business Segments Compared to Q2 2014 - Reports Net Debt Reduction of $100 Million from Q2 2014 CLEVELAND, Oct. 27, 2014 /PRNewswire [...]
