Cleveland Cliffs
Cleveland Cliffs changed its name to Cliffs Natural Resources in 2008.
Latest News
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.
Cleveland-Cliffs and Alpha Natural Resources to Merge
17 July 2008 - Cleveland-Cliffs and Alpha Natural Resources announce a definitive merger agreement in which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion.
Cleveland-Cliffs Acquires Remaining Interest in United Taconite
15 July 2008 - Cleveland-Cliffs Inc has acquired United Mining's 30% interest in United Taconite, making it the sole owner of the Eveleth, Minn., iron ore mining and pelletizing operation.
Cliffs Plans Expansion Project at Empire and Tilden Mines
14 July 2008 - Cleveland-Cliffs Board approves a capital project that will expand capacity at its Empire and Tilden mines in Michigan’s Upper Peninsula.
Cliffs Updates 2008 Guidance, Comments on 2009 Pricing
09 July 2008 - Cleveland-Cliffs updates its 2008 iron ore revenue and cost-per-ton guidance for both the Asia-Pacific and North American segments, and comments on expected pricing for its North American Iron Ore segment for 2009.
Cleveland-Cliffs Announces Convertibility of Preferred Stock
01 July 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 third quarter ending Sept. 30, 2008.
Cliffs Joins Climate Registry as a Founding Reporter
20 May 2008 - Cleveland-Cliffs joins The Climate Registry, a non-profit organization established to measure and publicly report greenhouse gas emissions.
Cleveland-Cliffs Inc Reports 1st Quarter Results
06 May 2008 - Cleveland-Cliffs reports 2008 net income of $16.7 million on record consolidated revenues of $494.4 million for the quarter ended March 31, 2008.
Mesabi Trust Declares Distribution
14 April 2008 - Trustees of Mesabi Trust declare a distribution of twelve cents per Unit of Beneficial Interest payable on May 20, 2008, which compares to a distribution of four and one-half cents per Unit for the same period last year.
Cliffs Declares Force Majeure on Coal Shipments from Pinnacle
03 April 2008 - Cliffs North American Coal declares force majeure on coal shipments from its Pinnacle Mine, as the longwall plow is currently mining through a sandstone intrusion into the coal seam, causing coal production to slow down significantly.
Cleveland-Cliffs Announces Convertibility of Preferred Stock
01 April 2008 - Cleveland-Cliffs fulfils 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 second quarter ending June 30, 2008.
Cleveland-Cliffs Comments on United Taconite Accident Report
24 March 2008 - Cleveland-Cliffs comments on a U.S. Mine Safety and Health Administration report regarding an April 2007 accident that resulted in the death of a United Taconite miner.
ArcelorMittal Commences Legal Action to Resolve Wabush Mines Situation
14 March 2008 - ArcelorMittal commences legal action to require U.S. Steel Canada and Cleveland-Cliffs to respect their original commitment to the sale of their interests in the Wabush Mines joint venture to ArcelorMittal Dofasco.
Cleveland-Cliffs Announces Two-for-One Common Stock Split
12 March 2008 - Cleveland-Cliffs’ Board of Directors declares a two-for-one stock split of the company’s common shares.
Cleveland-Cliffs Terminates Negotiations for Sale of Wabush Mines
05 March 2008 - Cleveland-Cliffs terminates negotiations to sell its 26.8% interest in the Wabush Mines joint venture to ArcelorMittal Dofasco.
ArcelorMittal Dofasco Clarifies Position on Wabush Mines Sale
05 March 2008 - ArcelorMittal Dofasco expresses ‘strong exception’ to news releases issued by U.S. Steel Canada and Cleveland-Cliffs regarding their desire to withdraw from the sale of their respective interests in the Wabush Mines joint venture.
