Cleveland Cliffs
Cleveland Cliffs changed its name to Cliffs Natural Resources in 2008.
Latest News
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.
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.
