Iron ore miners have been trending downwards in recent weeks on concerns of a further decline in iron ore prices. Goldman Sachs has recently lowered its forecast for iron ore prices due to slowing steel production in China. The firm predicts iron ore prices may average $139 a ton in 2013, down from their previous estimate of $144. Five Star [...]
CLEVELAND, March 26, 2013 /CNW/ - Cliffs Natural Resources Exploration Inc. ("CNRE"), an affiliate of Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) ("Cliffs"), announces that it has sold 1,540,000 common share purchase warrants (the "Warrants") of Zenyatta Ventures Ltd. ("Zenyatta"), representing approximately 3% of the issued and [...]
CLEVELAND, March 20, 2013 /CNW/ - Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: 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 $13.6111 per share, which is equivalent to approximately 34 cents per [...]
CLEVELAND, March 11, 2013 /CNW/ - Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that it expects to idle its Wabush Pointe Noire pellet plant within the city of Sept-Iles in Quebec by the end of the second quarter of 2013. The Company indicated that its decision to idle its iron ore pellet operation is due to high production [...]
CORAL SPRINGS, Florida, February 28, 2013 /PRNewswire/ --FinancialNewsMedia.com reports on Active Energy/Mining Companies to watch today: New Colombia Resources, Inc., PDC Energy, Inc. (NASDAQ: PDCE), Tesoro Petroleum Corp. (NYSE:TSO), Peabody Energy Corp. (NYSE: BTU) Halliburton Co. (NYSE: HAL) and Cliffs Natural Resources Inc. (NYSE [...]
CLEVELAND, Feb. 14, 2013 /CNW/ - Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) (the "Company") today announced the pricing of its public offering of common and mandatory convertible preferred shares. The Company has agreed to sell 9,000,000 of its common shares, par value $0.125 per share ("Common Shares") (or up to 10,350,000 Common [...]
CLEVELAND, Feb. 12, 2013 /CNW/ - Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) (the "Company") today announced that it is offering to sell, subject to market and other conditions, 9,000,000 of its common shares, par value $0.125 per share ("Common Shares") (or up to 10,350,000 Common Shares if the underwriters of such offering exercise [...]
- Company Reports Full-Year 2012 Revenues of $5.9 Billion, Down 11% from 2011 Due to Lower Seaborne Pricing- Global Iron Ore Sales Volume Increases 5% to 42 Million Tons- Cliffs' Board of Directors Approves a 76% Reduction to the Quarterly Cash Dividend to $0.15 Per Common Share- Lower Expected Full-Year 2013 SG&A and Exploration ExpensesCLEVELAND [...]
CLEVELAND, Feb. 7, 2013 /CNW/ - Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that it has rescheduled its fourth-quarter 2012 earnings release and conference call dates. The earnings release date has changed from Wednesday, Feb. 13, 2013 to Tuesday, Feb. 12, 2013, after the U.S.-market close, due to scheduling conflicts [...]
North American Coal Mines Complete ISO 14001 CertificationCLEVELAND, Feb. 4, 2013 /CNW/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced that its North American Coal operations have been ISO 14001 certified. The Environmental Management System (EMS) certification has been awarded to Pinnacle Mining Company and Cliffs Logan [...]
Company Names New Chief Legal OfficerCLEVELAND, Jan. 28, 2013 /CNW/ - Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF)announced that effective immediately, the Company's Legal Department has been reorganized to better serve the evolving needs of Cliffs' business. James Graham, formerly vice president, general counsel - global operations has [...]
· Fourth-quarter 2012 Results Expected to Include $1.4 Billion of Non-cash Impairment Charges and $542 Million of Non-cash Tax Valuation Allowances· Financial Results for Fourth-quarter and Full-year 2012 to be Released After U.S.-Market Close on Feb.13 and Conference Call on Feb. 14CLEVELAND, Jan. 24, 2013 /CNW/ - Cliffs Natural [...]