CLEVELAND, Feb. 9, 2017 /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"), subject to certain terms and conditions, up to the maximum aggregate principal amount of its outstanding 5.90% Senior Notes due March 2020 (the "March 2020 Notes"), 4.80% Senior Notes due October 2020 (the [...]
- Fourth-quarter Net Income of $81 million and Earnings of $0.42 per diluted share from continuing operations - Fourth-quarter Adjusted EBITDA1 of $174 million - Full-year Net Income of $199 million and Earnings of $0.97 per diluted share from continuing operations - Full-year Adjusted EBITDA1 of $374 million CLEVELAND, Feb. 9, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today reported fourth-quarter [...]
CLEVELAND, Jan. 5, 2017 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today said it will be announcing fourth-quarter and full-year 2016 financial results before the U.S.-market open on Thursday, February 9, 2017. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results. When: Thursday, February [...]
CLEVELAND, Dec. 14, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced the following executive leadership promotions, effective January 1, 2017. P. Kelly Tompkins is named Executive Vice President & Chief Operating Officer. Mr. Tompkins, currently Executive Vice President & Chief Financial Officer, will oversee the U.S. Iron Ore and Asia Pacific Iron Ore Operations, as well as the Commercial [...]
CLEVELAND, Nov. 14, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today said it will be webcasting its presentation at the Goldman Sachs Global Metals & Mining Conference in New York. The Company invites interested parties to listen to a live broadcast of the presentation. When: Wednesday, November 16, 2016, at 3:15 p.m. ET Presenter: Lourenco Goncalves, Chairman, President and Chief Executive Officer Web [...]
CLEVELAND, Oct. 27, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has appointed Eric M. Rychel to its Board of Directors, effective immediately. Mr. Rychel is Executive Vice President, Chief Financial Officer and Treasurer of Aleris Corporation, a privately held company that is a global leader in aluminum rolled products. He joined Aleris in 2012 and presently leads the global [...]
CLEVELAND, Oct. 27, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2016. The Company reported consolidated revenues of $553 million during the third quarter of 2016, a decrease of 7 percent compared to the prior year's third-quarter revenues of $593 million. Cost of goods sold decreased by 13 percent to $468 million compared to $538 [...]
CLEVELAND, Oct. 3, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today said it will be announcing third-quarter 2016 financial results before the U.S.-market open on Thursday, October 27, 2016. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results. When: Thursday, October 27, 2016, at 10 [...]
CLEVELAND, Sept. 29, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that its employees represented by the United Steelworkers (USW) at its Tilden and Empire mines in Michigan, and its United Taconite and Hibbing Taconite mines in Minnesota ratified a new 3-year labor contract. The new contract is retroactively effective from October 1, 2015 through September 30, 2017 and covers [...]
CLEVELAND, Aug. 26, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today a tentative agreement with the United Steelworkers (USW), on a new 3-year labor contract that is effective as of October 1, 2015. The new contract will cover approximately 2,000 USW-represented workers at Cliffs' Tilden and Empire mines in Michigan, and its United Taconite and Hibbing Taconite mines in Minnesota. Lourenco [...]
CLEVELAND, Aug. 17, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it will redeem the entirety of its outstanding Senior Notes due January 2018 (the "Notes"). The aggregate principal amount outstanding of the Notes is approximately $284 million. Pursuant to the terms of the Notes and the Indenture governing the Notes, the Company expects total payment to holders of the Notes to be [...]
CLEVELAND, Aug. 15, 2016 /PRNewswire/ -- WEC Energy Group Inc. (NYSE: WEC) and Cliffs Natural Resources Inc. (NYSE: CLF) issue the following clarification statement about project funding for the proposed natural gas-fired power solution in the Upper Peninsula of Michigan: WEC Energy Group through its affiliates will fund the entire $255 million investment. Cliffs and/or its affiliates are not investing any capital toward [...]