CLEVELAND, June 13, 2013 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that it has entered into an agreement with Essar Steel Algoma Inc. to extend the iron ore Pellet Sale and Purchase Agreement between the two companies to 2024. The previous agreement was expected to expire in 2016. The Agreement includes Essar's minimum volume iron ore pellet purchases from Cliffs [...]
CLEVELAND, June 12, 2013 /CNW/ - Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that its affiliate, Cliffs Chromite Ontario Inc., is temporarily suspending the environmental assessment activities for its Chromite Project in Ontario, Canada. The Company indicated that its decision to temporarily suspend these activities is due to delays related to the environment assessment process, land surface [...]
CLEVELAND, June 12, 2013 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that Francis McAllister, lead director, has elected to retire from the Company's board of directors effective immediately. Mr. McAllister has served on Cliffs' board since 1996. "Frank's leadership and his many years of service on the board have been invaluable," Joseph Carrabba, Cliffs' chairman [...]
CLEVELAND, May 7, 2013 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: 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 June 3, 2013, to shareholders of record as of the close of business on May 17, 2013. (Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )Cliffs [...]
CLEVELAND, April 26, 2013 /CNW/ - Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that Steven Raguz, executive vice president, corporate strategy and communications & chief strategy officer, will leave the Company effective May 1, 2013. Mr. Raguz is joining a private company in the Cleveland area as their chief financial officer.(Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )"We are [...]
-- Company Reports 2013 First-Quarter Revenues of $1.1 Billion and Net Income Attributed to Cliffs' Common Shareholders of $97 Million, or $0.66 Per Diluted Share-- Year-Over-Year SG&A Expense Decreases $11 Million to $48 Million and North American Coal Achieves $91 Cash Cost Per Ton-- Company Increases Expected Full-Year U.S. Iron Ore Sales Volume to 21 Million TonsCLEVELAND, April 24, 2013 /CNW/ - Cliffs Natural [...]
CORAL SPRINGS, Florida, April 4, 2013 /PRNewswire/ --FinancialNewsMedia.com issues market news report for today's Active Energy/Mining Companies: New Colombia Resources, Inc.(OTCQB: NEWC), Cliffs Natural Resources Inc. (NYSE: CLF), Peabody Energy Corp. (NYSE: BTU), Alpha Natural Resources (NYSE: ANR), Royale Energy, Inc. (NASDAQ: ROYL) and James River Coal Company (NASDAQ: JRCC)New Colombia Resources Inc. (OTCQB [...]
CLEVELAND, April 2, 2013 /CNW/ - Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today said it intends to announce unaudited 2013 first-quarter financial results after the U.S.-market close Wednesday, April 24, 2013.(Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional [...]
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 Equities examines the outlook for companies in the Iron Ore Industry and provides [...]
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 outstanding securities of Zenyatta on a partially diluted basis. The Warrants were [...]
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 depositary share, each representing 1/40th of a share of Series A preferred [...]
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 costs and lower pellet premium pricing which is expected to persist in [...]