CLEVELAND, Sept. 1, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc.
(Paris: CLF) announced today that a subsidiary of the Company and its joint venture partner, HWE Cockatoo, and Cockatoo Mining have entered a term sheet with Pluton Resources Limited to sell its beneficial interest in the mining tenements and certain infrastructure of its Cockatoo Island joint venture. The potential transaction is expected to occur [...]
CLEVELAND, Sept. 1, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc.
(Paris: CLF) announced today that the Company has concluded its local issue bargaining with the United Mine Workers (UMW), on the new five-and-a-half year labor contract that will cover approximately 800 UMW workers at Cliffs' Pinnacle and Oak Grove mines in West Virginia and Alabama, respectively. Cliffs indicated that the agreement is essentially [...]
CLEVELAND, Aug. 15, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc.
(Paris: CLF) today announced that its Board of Directors has authorized it to repurchase up to four million of its outstanding common shares under a newly authorized share repurchase plan.
Toronto, Ontario - August 4, 2011 Ring of Fire Resources Inc. (the "Company" or "ROF") (TSX-V:ROF, FRANKFURT: RG5, OTC.PK:HWKPF) announces that it has engaged IBK Capital Corp to divest its 36.75% interest in its McNugget JV Project for cash. Macdonald Mines Exploration Ltd., ("BMK") has the remaining 63.25% interest in the project and is the operator.
-- Revenue Increases 52% over Last Year to a Second-Quarter Record of $1.8 Billion
-- Net Income Reaches $408 Million, Up 57% to $2.92 Per Diluted Share
-- Year-to-Date Cash from Operations Reaches $725 Million
-- Company Reports New North America Iron Ore Segments: U.S. Iron Ore and Eastern Canadian Iron Ore
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Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today reported second-quarter results for the period ended June 30, 2011. Consolidated revenues were up 52% for the second quarter to a record $1.8 billion, from $1.2 billion in the same quarter last year. Operating income for the second quarter was $617 million, an increase of 69% from the comparable quarter in 2010
CLEVELAND, July 11, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc.
(Paris: CLF) announced today that its Board of Directors has voted to increase the quarterly cash dividend on the Company's common shares by 100% to $0.28 per share. The increased cash dividend will be payable on Sept. 1, 2011, to shareholders of record as of the close of business on Aug. 15, 2011.
CLEVELAND, June 27, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc.
(Paris: CLF) today announced David Webb will join the organization as senior vice president, global coal effective July 18, 2011. In this position, Mr. Webb will provide strategic leadership and drive operational performance at the Company's coal operations in North America, including two underground longwall operations and three continuous mining [...]
CLEVELAND, June 24, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc.
(Paris: CLF) announced today that regulatory agencies have denied a submitted remediation plan designed to address detected levels of carbon monoxide at the Company's Pinnacle Mine in West Virginia. The plan would have allowed the Company to resume underground mining operations at its Pinnacle Mine in West Virginia which were stopped in late May due [...]
CLEVELAND, June 24, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc.
(Paris: CLF) announced today that it will webcast its 2011 Analyst and Investor Day to be held on Tues., June 28, 2011 at 10 a.m. ET. The event will be webcast live from the New York Stock Exchange where members of Cliffs' senior leadership will provide the financial community a review of the Cliffs strategy. The slide presentation used for the event [...]
CLEVELAND, June 13, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc.
(Paris: CLF) today announced that it has closed its previously announced offering of common shares. The total number of shares sold was 10,350,000, comprised of the 9,000,000 common shares initially offered and an additional 1,350,000 common shares pursuant to the underwriters' exercise of their overallotment option. Net proceeds at a price of $85.63 [...]
CLEVELAND, June 7, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc.
(Paris: CLF) today announced that it has priced its recently announced offering of common shares. The Company has agreed to sell 9,000,000 common shares at $85.63 per common share through an underwritten offering. In connection with the offering, the underwriters have been granted an over-allotment option to purchase an additional 1,350,000 common [...]