Cleveland-Cliffs Inc.

CLEVELAND, Aug. 10, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today the pricing of its underwritten public offering of its common shares ("Common Shares"). Cliffs agreed to sell approximately 44.4 million Common Shares at a public offering price of $6.75 per share (the "Offering"). Gross proceeds to Cliffs from this Offering are $300 million before underwriter discounts and commissions and [...]

CLEVELAND, Aug. 9, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced the commencement of an underwritten public offering of $300 million of its common shares ("Common Shares") or up to an aggregate of $345 million of Common Shares if the underwriters exercise their option to purchase additional Common Shares in full (the "Offering"). The Company intends to use the net proceeds received from [...]

- Reports Net Income of $30 million - Achieves Adjusted EBITDA(1) of $102 million - Reports Earnings of $0.07 per diluted share - Cost of goods sold decrease by 8 percent to $405 million - U.S. Iron Ore cash production costs(2) decrease 17 percent to $46 per long ton - Asia Pacific Iron Ore cash production costs(2) decrease 17 percent to $28 per metric ton CLEVELAND, July 28, 2016 /PRNewswire/ -- Cliffs Natur...

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 Governor Mark Dayton has moved to terminate the State's existing agreement [...]

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 investors to discuss the results. When:  Thursday, July 28, 2016, at 10 a.m [...]

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 announcement of the Company's 10-year supply agreement with a major steel client. 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. 2017 and fill the entirety of ArcelorMittal's pellet purchase requirements [...]

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 cover a number of asset utilizations by Minnesota Power and ensure low [...]

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 Northshore operation with Minnesota Power through 2031. The agreements, pending [...]

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 winners were announced last night during the Global Metals Awards ceremony [...]