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Cleveland Cliffs
Cleveland Cliffs changed its name to Cliffs Natural Resources in 2008.
Latest News
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.
Cliffs Increases Production and Sales Volume Expectations for NA Business Unit
14 September 2009 - Cliffs Natural Resources Inc. announced increased production and sales volume expectations in its North American Iron Ore and North American Coal business segments.
Janice K. Henry Joins Board at Cliffs Natural Resources
04 September 2009 - Cliffs Natural Resources Inc. announces that Janice K. Henry, former Senior Vice President and Chief Financial Officer of Martin Marietta Materials, Inc., was elected to Cliffs’ Board of Directors.
United Taconite to Increase Production, Return to 40-Hour Workweek
03 September 2009 - United Taconite LLC will increase production for the remainder of 2009, which allows its 400-plus hourly workers to move toward a 40-hour workweek. The company has been operating under a 32-hour workweek since November 2008.
Cliffs Releases First Sustainable Development Report
12 August 2009 - Cliffs Natural Resources publishes its first Sustainable Development Report, providing an overview of the environmental, social and economic impacts of the company’s operations.
Mesabi Trust Declares No Distribution
20 July 2009 - Trustees of the Mesabi Trust have decided to not distribute any royalty income for the quarter ended July 31, 2009, due in part to a significant decrease in iron ore shipments combined with the extended shutdown of mining operations at Northshore Mining Co.
Cliffs Natural Resources Provides Update on North American Business Unit
03 July 2009 - Cliffs Natural Resources provides update for its North American Business Unit, including 2009 North American Iron Ore contractual obligations for volume and the company’s expectations for North American Coal sales volumes.
Cliffs Launches New Initiatives to Enhance Financial Flexibility
13 May 2009 - Cliffs Natural Resources announces several proactive initiatives designed to enhance financial flexibility, including a public offering of common shares, a reduction in the quarterly dividend, and compensation reductions across the organization.
Mesabi Trust Declares Distribution
17 April 2009 - Trustees of the Mesabi Trust declare a distribution of thirty-eight cents per Unit of Beneficial Interest, which compares to a distribution of twelve cents per Unit for the same period last year.
Mesabi Trust Declares Distribution
17 April 2009 - Trustees of the Mesabi Trust declare a distribution of thirty-eight cents per Unit of Beneficial Interest, which compares to a distribution of twelve cents per Unit for the same period last year.
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.
