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Cleveland Cliffs
Cleveland Cliffs changed its name to Cliffs Natural Resources in 2008.
Latest News
Mesabi Trust Declares Distribution
19 January 2009 - Trustees of the Mesabi Trust declare a distribution of eleven cents per Unit of Beneficial Interest for the fourth quarter of 2008, which compares to a distribution of fifty-one and one-half cents per Unit for the same period last year.
Cliffs Natural Resources Provides WARN Notices
10 November 2008 - Cliffs Natural Resources’ North America business unit initiates WARN Act notification to local officials and the United Steelworkers at its Empire and Tilden mines in Michigan and the Hibbing Taconite and United Taconite mines in Minnesota.
Cliffs Reports Record 3rd-Quarter, Nine-Month Results
30 October 2008 - Cliffs Natural Resources reports net earnings of $175 million on quarterly record consolidated revenues of $1.2 billion for the third quarter, and net income of $462 million on record revenues of $2.7 billion for the nine-month period ended Sept. 30, 2008.
Cliffs to Idle Three Iron Ore Pellet Furnaces
29 October 2008 - Cliffs Natural Resources is initiating production curtailments on two small pellet furnaces at Northshore Mining and on a small pellet furnace at United Taconite, two of the company’s six North American iron ore mines.
Cliffs Updates 2008 Full-Year Outlook
24 October 2008 - Cliffs Natural Resources updates its 2008 full-year outlook in conjunction with a definitive joint proxy statement/prospectus for the company’s proposed merger with Alpha Natural Resources.
Cleveland-Cliffs Is Now Cliffs Natural Resources
16 October 2008 - Cleveland-Cliffs officially changes its name to Cliffs Natural Resources, and formally adopts ‘Cliffs,’ the one-word name by which it is commonly known.
Cleveland-Cliffs Adopts Shareholder Rights Plan
15 October 2008 - Cleveland-Cliffs directors adopt a shareholder rights plan intended to protect the company and its shareholders from potentially coercive takeover practices or takeover bids.
Cleveland-Cliffs Confirms Results for October 3 Special Shareholders Meeting
13 October 2008 - Cleveland-Cliffs reports that shareholders rejected Harbinger Capital Partners’ control share acquisition proposal during the special shareholders meeting held on Oct. 3, 2008, based on results provided by IVS Associates, the independent Inspector of Elections.
Cliffs Shareholders Reject Harbinger’s Control Share Acquisition Proposal
06 October 2008 - Cleveland-Cliffs says that it appears that approximately 80% of shares voted by holders other than Harbinger Capital Partners, its equity-swap counter parties or other ‘interested’ shareholders voted AGAINST the proposed control share acquisition during the recent special meeting of shareholders.
Cleveland-Cliffs Announces Convertibility of Preferred Stock
01 October 2008 - Cleveland-Cliffs fulfills the trading price condition for the conversion right of its 3.25% redeemable cumulative convertible perpetual preferred stock, with the result that preferred stock may be surrendered for conversion at any time during the fiscal fourth quarter ending Dec. 31, 2008.
Cleveland-Cliffs Signs Three Iron Ore Supply Agreements
29 September 2008 - Cleveland-Cliffs signs three new five-year supply agreements from its North American Iron Ore segment.
Cleveland-Cliffs’ Babbitt Mine Earns Sentinels of Safety Award
25 September 2008 - Cleveland-Cliffs’ wholly owned Northshore Mining-Babbitt Mine is recognized for outstanding safety performance in 2007 with the industry’s Sentinels of Safety Award in the Large Open Pit category.
Cleveland-Cliffs’ Tilden Mine Certified Compliant to ISO 14001
17 September 2008 - Cleveland-Cliffs’ Tilden Mine is certified compliant to the ISO 14001 standard for Environmental Management Systems.
Cleveland-Cliffs to Make Offer for Outstanding Shares in Portman
11 September 2008 - Cleveland-Cliffs announces its intention to make an off-market takeover offer for all remaining shares in Portman Limited as a last and final cash offer with a price of A$21.50 per Portman Share.
Steelworkers Reach Tentative Agreement with Cleveland Cliffs
03 September 2008 - United Steelworkers (USW) has reached a new tentative four-year agreement with Cleveland Cliffs covering employees at the company’s Hibbing Taconite, United Taconite, Empire, and Tilden facilities.
Cliffs, USW Reach Tentative Agreement for Michigan, Minnesota Mining Operations
02 September 2008 - Cleveland-Cliffs reaches tentative agreement with the United Steelworkers on a new four-year labor contract at its Empire and Tilden Mines in Michigan, and its United Taconite and Hibbing mines in Minnesota.
FTC Grants Early Termination of Waiting Period for Cliffs-Alpha Merger
26 August 2008 - The Federal Trade Commission grants Cleveland-Cliffs and Alpha Natural Resources early termination of the waiting period under the Hart-Scott-Rodino Act for their proposed merger.
Cliffs and Alpha File Preliminary Proxy and Registration Statement
13 August 2008 - Cleveland-Cliffs files a preliminary registration statement on Form S-4 with the Securities and Exchange Commission regarding its proposed merger with Alpha Natural Resources.
Cleveland-Cliffs Reports Record Second-Quarter Results
01 August 2008 - Cleveland-Cliffs reports net earnings of $270 million on consolidated revenues of $1 billion for the second quarter, and net income of $287 million on revenues of $1.5 billion for the six months ended June 30, 2008.
Mesabi Trust Declares Distribution
21 July 2008 - Trustees of Mesabi Trust declare a distribution of one dollar per Unit of Beneficial Interest for the second quarter, which compares to a distribution of thirty-one cents per Unit for the same period last year.
