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Cleveland-Cliffs Names Senior Vice President of Business Development

Cleveland-Cliffs Inc announced the appointment of William C. Boor as Senior Vice President, Business Development, effective May 21, 2007. In his new position, Boor will be responsible for identifying and leading initiatives to support company growth.
 
Prior to joining Cliffs, Boor (41) served as Executive Vice President, Strategy and Development, at American Gypsum Co., a subsidiary of Eagle Materials Inc. Previously, he was responsible for strategy and investor relations as part of the senior management team that led the successful spin-off of Eagle Materials from Centex Corp. Boor also has held key leadership roles at Weyerhaeuser Co. and Procter & Gamble Co.. He brings diverse experience in manufacturing management, process engineering, financial management, investor relations and marketing to his new role.
 
“Bill's broad based technical and management expertise will serve our company well as we accelerate our growth initiatives,” commented Cleveland-Cliffs President and CEO Joseph A. Carrabba. “We feel he is an excellent addition to our management team and wholeheartedly welcome him to the Cliffs family.”
 
Boor, a Chartered Financial Analyst, holds a B.S. in Chemical Engineering from Pennsylvania State University and an MBA from Harvard Business School.
 
Headquartered in Cleveland, Ohio, Cleveland-Cliffs is the largest producer of iron ore pellets in North America, selling the majority of its pellets to integrated steel companies in the United States and Canada. Cleveland-Cliffs operates a total of six iron ore mines located in Michigan, Minnesota and Eastern Canada. The company owns 80% of Portman Limited, a large iron ore mining company in Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore. It also has a 30% interest in the Amapa Project, a Brazilian iron ore project, and a 45% economic interest in the Sonoma Project, an Australian coking and thermal coal project.