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Cliffs Reaches Tentative Labor Agreement with USW at Minnesota Mining Operations

Cliffs Natural Resources Inc. announced a tentative agreement with the United Steelworkers (USW) on a new three-year labor contract offer that will cover approximately 2,400 USW-represented workers at Cliffs’ Empire and Tilden mines in Michigan and its United Taconite and Hibbing Taconite mines in Minnesota.

The agreement is pending ratification by USW local union memberships.

Cliffs Natural Resources Inc. is an international mining and natural resources company. A member of the S&P 500 Index, the Company is a major global iron ore producer and a significant producer of high- and low-volatile metallurgical coal.

David Blake, Senior Vice President, North America Iron Ore Operations, commented, "We are pleased to reach a new tentative labor contract that is fair and equitable to both parties, and provides Cliffs a competitive cost structure for future success. Cliffs’ most valuable resource is our employees, and we look forward to continuing our strong partnership."