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Cleveland Cliffs
Cleveland Cliffs changed its name to Cliffs Natural Resources in 2008.
Latest News
Essar Steel Algoma, Cliffs Reach Interim Agreement for Iron Ore Supply
04 October 2010 - Essar Steel Algoma reaches an agreement with Cleveland Cliffs setting an interim price commencing October 1, 2010, for the provision of iron ore pellets.
Cliffs Announces Asia Pacific Iron Ore Infrastructure Upgrades
22 September 2010 - Cliffs Natural Resources Inc.’s Board of Directors has approved a capital project at its Koolyanobbing Complex in Western Australia that is expected to allow the Complex to produce about 11 million tonnes annually.
Cliffs Updates Full-Year 2010 North American Coal Outlook
14 September 2010 - Cliffs Natural Resources Inc. is updating its full-year 2010 North American Coal outlook to include its recent acquisition of INR Energy’s coal operations and to adjust the production outlook for its legacy coal operations in West Virginia and Alabama.
Cliffs Closes Acquisition of INR Energy’s Coal Operations
03 August 2010 - Cliffs Natural Resources Inc. has closed on its previously announced acquisition of INR Energy, LLC’s coal operations in southern West Virginia. The transaction will increase Cliffs’ global coal production capacity to more than 9 million tons in 2011.
Mesabi Trust Declares Distribution
16 July 2010 - The Trustees of Mesabi Trust declared a distribution of $0.80 per Unit of Beneficial Interest payable on August 20, 2010, to Mesabi Trust unit holders of record at the close of business on July 30. The Trust did not declare a distribution for the same period a year ago.
Cliffs Named to Bloomberg Businessweek’s 50 Top Performers List
29 June 2010 - Cliffs Natural Resources is ninth on Bloomberg Businessweek’s inaugural “50 Top Performers” list, which ranks U.S. corporations with the highest total returns for shareholders in the Standard & Poor’s 500 stock index over the past five years.
Essar Steel Algoma Granted Injunction for Pellet Delivery
18 June 2010 - Essar Steel Algoma has been granted an injunction against Cleveland Cliffs that will force Cliffs to continue delivering pellets to Essar, pending resolution of a pricing dispute between the parties.
Cliffs Reviews Options Regarding Proposed KWG Takeover
08 June 2010 - Cliffs Natural Resources Inc. continues to review its options with respect to making a formal offer for the common shares of KWG Resources Inc. Cliffs may not make such an offer due to KWG’s recent disclosure that it has entered into a binding letter agreement to merge with Spider Resources Inc.
Essar Steel Algoma Takes Action against Cliffs
01 June 2010 - Essar Steel Algoma has commenced arbitration proceedings against Cleveland-Cliffs Iron Co. and some of its affiliates to resolve a pricing dispute and to ensure its supply of iron ore pellets pending a resolution.
Cliffs Proposes Transactions to Acquire KWG, Spider
26 May 2010 - Cliffs Natural Resources Inc. intends to make take-over bids pursuant to which it or an affiliate would acquire all of the common shares of KWG Resources Inc. and/or Spider Resources Inc. not owned by Cliffs or its affiliates.
Cliffs Appoints New Senior Vice President—President of Ferroalloys
24 May 2010 - Cliffs Natural Resources has appointed William C. Boor, former Senior Vice President—Business Development, to the newly created position of Senior Vice President—President, Ferroalloys, effective immediately.
Cliffs Appoints New Vice President
26 April 2010 - Cliffs Natural Resources Inc. has appointed William J. McFadden as a Vice President, Commercial – North American Iron Ore, for Cliffs Sales Co., effective April 26. He is responsible for iron ore sales and marketing.
Cliffs Names New Executive Vice President
14 April 2010 - Cliffs Natural Resources Inc. has appointed P. Kelly Tompkins as Executive Vice President – Legal, Government Affairs and Sustainability, which is a newly created role. He will officially join Cliffs on May 3, 2010.
Cliffs Elects New Board Member
11 March 2010 - Cliffs Natural Resources Inc.’s Board of Directors has elected James F. Kirsch as a director. Kirsch also currently serves as Chairman, President, and Chief Executive Officer of Ferro Corp.
Cliffs Reports Fourth-Quarter, Full-Year Results
19 February 2010 - Cliffs Natural Resources Inc. reported full-year revenues of $2.34 billion for the period ended Dec. 31, 2009, a decrease of 35% from the previous year. Consolidated fourth-quarter revenues were $820.5 million, a decrease of 10% compared to the same quarter last year.
Cliffs Natural Resources Closes Wabush Mines Acquisition
02 February 2010 - Cliffs Natural Resources completes acquisition of the interest held in the Wabush Mines joint venture by former partners U.S. Steel Canada and ArcelorMittal Dofasco.
Cliffs Added to S&P 500 Index
15 December 2009 - Standard & Poor’s will add Cliffs Natural Resources Inc.’s shares to the S&P 500 Index effective December 18 after the market closes. Cliffs also will be added to the S&P 500 GICS Steel Sub-Industry index.
Cliffs Amends Definitive Agreement to Acquire Freewest
07 December 2009 - Cliffs Natural Resources has amended the terms of the previously disclosed definitive agreement to acquire Freewest Resources Canada Inc. Under the terms of the amended agreement, each Freewest shareholder will now receive CAD$0.90 per share of fixed consideration exclusively in the form of Cliffs common stock.
Cliffs to Acquire Chromite Deposits from Freewest
27 November 2009 - Cliffs Natural Resources Inc. has entered into a definitive agreement to acquire the “Ring of Fire” chromite properties of Freewest Resources Canada Inc. The transaction is expected to close in the first quarter of 2010.
Cliffs to Acquire Partners’ 73.2% Interest in Wabush Mines
13 October 2009 - Cliffs Natural Resources plans to exercise its right of first refusal and acquire U.S. Steel Canada’s 44.6% interest and ArcelorMittal Dofasco’s 28.6% interest in the Wabush Mines joint venture.
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