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Cleveland Cliffs
Cleveland Cliffs changed its name to Cliffs Natural Resources in 2008.
Latest News
Cleveland-Cliffs Expands Finance Group
16 October 2007 - Cleveland-Cliffs announces changes in its Finance Group, including the appointments of Terrance M. Paradie as Vice President, Corporate Controller, and Kathleen L. Bardwell as Vice President, Internal Audit.
Cleveland-Cliffs Names New VP Sales and Transportation
13 September 2007 - Cleveland-Cliffs announces the promotion of Terrence R. Mee to Vice President, Sales and Transportation effective Sept. 16, 2007.
ArcelorMittal Confirms Acquisition of Wabush Mines
06 September 2007 - ArcelorMittal announces that it will exercise its Dofasco subsidiary’s option to acquire the remaining shares of iron ore and pellet producer Wabush Mines from Stelco and Cleveland Cliffs.
Standard & Poor’s to Move Cliffs on the U.S. Indices
21 August 2007 - Standard & Poor's announced that Cleveland Cliffs Inc. will replace Ohio Casualty Corp. in the S&P MidCap 400, GICS Steel Sub-Industry index.
Cleveland-Cliffs Enters New Credit Agreement
20 August 2007 - Cleveland-Cliffs enters into a new unsecured, $800-million credit agreement that provides more-flexible terms and conditions, along with improved pricing.
Cleveland-Cliffs Selects Location for Iron Nugget Plant
17 August 2007 - Cleveland-Cliffs and joint-venture partner Kobe Steel will construct their 500,000 tons per year commercial-scale iron nugget production facility at Cliffs’ Empire Mine site in Palmer, Mich.
Cleveland-Cliffs Closes PinnOak Resources Acquisition
02 August 2007 - Cleveland-Cliffs has closed its previously announced acquisition of PinnOak Resources,a premium-quality metallurgical coal producer located in the United States.
Cleveland Cliffs Reports 2nd Quarter Results
30 July 2007 - Cleveland-Cliffs reports net income of $86.9 million on record revenues from iron ore product sales and services of $547.6 million for the second quarter, and net income of $119.4 million on record revenues of $873.1 million for the six months ended June 30, 2007.
Mesabi Trust Declares Distribution
16 July 2007 - Trustees of Mesabi Trust declare a distribution of thirty-one cents per Unit of Beneficial Interest, which compares to a distribution of forty cents ($0.40) per Unit for the same period last year.
Cliffs Names Director of Investor Relations and Communications
21 June 2007 - Cleveland-Cliffs announces the appointment of Steven Baisden as Director of Investor Relations and Corporate Communications, effective June 18, 2007.
Cleveland-Cliffs to License Kobe Steel’s Iron Nugget Technology
20 June 2007 - Under a new alliance, Kobe Steel will license its patented ITmk3 iron-making process to Cleveland-Cliffs for use in the U.S., Canada, Australia, and Brazil. The two companies are also planning to build a joint-venture iron nugget facility.
Cleveland-Cliffs to Acquire Metallurgical Coal Producer PinnOak Resources
15 June 2007 - Cleveland-Cliffs Inc. has agreed to acquire PinnOak Resources, a domestic producer of high-quality, low-volatile metallurgical coal, for $450 million in cash plus approximately $150 million in debt.
Cleveland-Cliffs, Stelco Agree to Sell Wabush Interest
07 June 2007 - Cleveland-Cliffs and Stelco have entered an agreement to sell their 26.8% interest and 44.6% interest, respectively, in the Wabush Mines joint venture to Consolidated Thompson Iron Mines for $64.3 million cash, 3.0 million warrants of common shares, and Consolidated’s assumption of ongoing employee and asset retirement obligations.
Cleveland-Cliffs Names Senior Vice President of Business Development
31 May 2007 - Cleveland-Cliffs announces the appointment of William C. Boor as Senior Vice President, Business Development, responsible for identifying and leading initiatives to support company growth.
Cleveland-Cliffs Announces Replacement for Chairman John Brinzo
09 May 2007 - Cleveland-Cliffs’ Board of Directors announced its new Chairman of the Board—President and Chief Executive Officer Joseph A. Carrabba, replacing John S. Brinzo, who is retiring.
Cleveland-Cliffs Provides 1st Quarter Operations Update
26 April 2007 - Cleveland-Cliffs announced selected operating information for the three months ended March 31, 2007, but information is limited due to the ongoing review of the company’s application of SFAS 133.
Cleveland-Cliffs Inks Terms for Sonoma Coal Investment
04 April 2007 -
Cleveland-Cliffs Announces Convertibility of Preferred Stock
02 April 2007 -
Mesabi Trust Declares Distribution
15 January 2007 -
Cleveland-Cliffs Announces Convertibility of Preferred Stock
02 January 2007 -
