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Cleveland Cliffs
Cleveland Cliffs changed its name to Cliffs Natural Resources in 2008.
Latest News
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.
Cleveland-Cliffs Reports Year-End 2007 Results
26 February 2008 - Cleveland-Cliffs reports net income of $93.7 million on consolidated revenues of $782.5 million for the fourth quarter, and net income of $270.0 million on record revenues of $2.28 billion for the full year ended December 31, 2007.
Mesabi Trust Declares Distribution
14 January 2008 - Trustees of Mesabi Trust have declared a distribution of fifty-one and one-half cents per Unit of Beneficial Interest payable on February 20, 2008, a twenty cents per Unit increase compared to the year-ago quarter.
Steel Dynamics Completes Purchase of Minnesota Iron Mine
04 December 2007 - Steel Dynamics completes its purchase of a shuttered Hoyt Lakes, Minn., taconite mine from Cleveland Cliffs where it will invest $165 million so it can mine and concentrate iron ore for its Mesabi Nugget venture with Kobe Steel.
Cleveland-Cliffs Shuffles PinnOak Management
07 November 2007 - Cleveland-Cliffs announces the promotion of two executives—and departure of the PinnOak President— as part of the company’s ongoing integration of the recently acquired PinnOak Resources.
Cleveland-Cliffs Reports 3rd-Quarter Results
05 November 2007 - Cleveland-Cliffs reports net income of $56.9 million on consolidated revenues of $619.6 million for the third quarter, and net income of $176.3 million on consolidated revenues of $1492.7 million for the nine months ended Sept. 30, 2007.
Cleveland-Cliffs Completes Pinnacle Mine Longwall Move
25 October 2007 - Cleveland-Cliffs resumes normal production at Pinnacle Mine after completing the move of its longwall plow system because of sandstone intrusions in the coal panel.
Mesabi Trust Declares Distribution
16 October 2007 - Trustees of Mesabi Trust declare a distribution of forty-eight cents per Unit of Beneficial Interest, which compares to a distribution of fifty-eight and one-half cents per Unit for the same period last year.
