Cleveland Cliffs
Cleveland Cliffs changed its name to Cliffs Natural Resources in 2008.
Latest News
Cleveland-Cliffs Shuffles PinnOak Management
07 November 2007 - Cleveland-Cliffs announces the promotion of two executives—and departure of the PinnOak President— as part of the company’s ongoing integration of the recently acquired PinnOak Resources.
Cleveland-Cliffs Reports 3rd-Quarter Results
05 November 2007 - Cleveland-Cliffs reports net income of $56.9 million on consolidated revenues of $619.6 million for the third quarter, and net income of $176.3 million on consolidated revenues of $1492.7 million for the nine months ended Sept. 30, 2007.
Cleveland-Cliffs Completes Pinnacle Mine Longwall Move
25 October 2007 - Cleveland-Cliffs resumes normal production at Pinnacle Mine after completing the move of its longwall plow system because of sandstone intrusions in the coal panel.
Mesabi Trust Declares Distribution
16 October 2007 - Trustees of Mesabi Trust declare a distribution of forty-eight cents per Unit of Beneficial Interest, which compares to a distribution of fifty-eight and one-half cents per Unit for the same period last year.
Cleveland-Cliffs Expands Finance Group
16 October 2007 - Cleveland-Cliffs announces changes in its Finance Group, including the appointments of Terrance M. Paradie as Vice President, Corporate Controller, and Kathleen L. Bardwell as Vice President, Internal Audit.
Cleveland-Cliffs Names New VP Sales and Transportation
13 September 2007 - Cleveland-Cliffs announces the promotion of Terrence R. Mee to Vice President, Sales and Transportation effective Sept. 16, 2007.
ArcelorMittal Confirms Acquisition of Wabush Mines
06 September 2007 - ArcelorMittal announces that it will exercise its Dofasco subsidiary’s option to acquire the remaining shares of iron ore and pellet producer Wabush Mines from Stelco and Cleveland Cliffs.
Standard & Poor’s to Move Cliffs on the U.S. Indices
21 August 2007 - Standard & Poor's announced that Cleveland Cliffs Inc. will replace Ohio Casualty Corp. in the S&P MidCap 400, GICS Steel Sub-Industry index.
Cleveland-Cliffs Enters New Credit Agreement
20 August 2007 - Cleveland-Cliffs enters into a new unsecured, $800-million credit agreement that provides more-flexible terms and conditions, along with improved pricing.
Cleveland-Cliffs Selects Location for Iron Nugget Plant
17 August 2007 - Cleveland-Cliffs and joint-venture partner Kobe Steel will construct their 500,000 tons per year commercial-scale iron nugget production facility at Cliffs’ Empire Mine site in Palmer, Mich.
Cleveland-Cliffs Closes PinnOak Resources Acquisition
02 August 2007 - Cleveland-Cliffs has closed its previously announced acquisition of PinnOak Resources,a premium-quality metallurgical coal producer located in the United States.
Cleveland Cliffs Reports 2nd Quarter Results
30 July 2007 - Cleveland-Cliffs reports net income of $86.9 million on record revenues from iron ore product sales and services of $547.6 million for the second quarter, and net income of $119.4 million on record revenues of $873.1 million for the six months ended June 30, 2007.
Mesabi Trust Declares Distribution
16 July 2007 - Trustees of Mesabi Trust declare a distribution of thirty-one cents per Unit of Beneficial Interest, which compares to a distribution of forty cents ($0.40) per Unit for the same period last year.
Cliffs Names Director of Investor Relations and Communications
21 June 2007 - Cleveland-Cliffs announces the appointment of Steven Baisden as Director of Investor Relations and Corporate Communications, effective June 18, 2007.
Cleveland-Cliffs to License Kobe Steel’s Iron Nugget Technology
20 June 2007 - Under a new alliance, Kobe Steel will license its patented ITmk3 iron-making process to Cleveland-Cliffs for use in the U.S., Canada, Australia, and Brazil. The two companies are also planning to build a joint-venture iron nugget facility.
Cleveland-Cliffs to Acquire Metallurgical Coal Producer PinnOak Resources
15 June 2007 - Cleveland-Cliffs Inc. has agreed to acquire PinnOak Resources, a domestic producer of high-quality, low-volatile metallurgical coal, for $450 million in cash plus approximately $150 million in debt.
Cleveland-Cliffs, Stelco Agree to Sell Wabush Interest
07 June 2007 - Cleveland-Cliffs and Stelco have entered an agreement to sell their 26.8% interest and 44.6% interest, respectively, in the Wabush Mines joint venture to Consolidated Thompson Iron Mines for $64.3 million cash, 3.0 million warrants of common shares, and Consolidated’s assumption of ongoing employee and asset retirement obligations.
Cleveland-Cliffs Names Senior Vice President of Business Development
31 May 2007 - Cleveland-Cliffs announces the appointment of William C. Boor as Senior Vice President, Business Development, responsible for identifying and leading initiatives to support company growth.
Cleveland-Cliffs Announces Replacement for Chairman John Brinzo
09 May 2007 - Cleveland-Cliffs’ Board of Directors announced its new Chairman of the Board—President and Chief Executive Officer Joseph A. Carrabba, replacing John S. Brinzo, who is retiring.
Cleveland-Cliffs Provides 1st Quarter Operations Update
26 April 2007 - Cleveland-Cliffs announced selected operating information for the three months ended March 31, 2007, but information is limited due to the ongoing review of the company’s application of SFAS 133.
