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Cliffs Natural Resources (CLF)

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Cliffs Natural Resources Inc. News powered by SmartWire

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Cliffs Natural Resources Inc. and Consolidated Thompson Iron Mines Announce Close of Acquisition
Thursday May 12th 2011 01:30:00 PM

CLEVELAND and MONTREAL, May 12, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) and Consolidated Thompson Iron Mines Limited (TSX: CLM) jointly announced today that Cliffs has closed on its acquisition of Consolidated Thompson. Cliffs financed the approximately C$4.9 billion (including net debt) transaction through committed financing, including a $1.25 billion term loan, $750 million in bridge financing and available cash on hand. As previously indicated, Cliffs...

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Cliffs Natural Resources Ranks in Top Tier of the Barron's 500 List for 2011
Tuesday May 10th 2011 11:32:00 AM

CLEVELAND, May 10, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced it has been ranked No. 7 on the 2011 Barron's 500 America's Top Companies list. Cliffs is distinguished as the only mining and natural resources company positioned with a top ten ranking. (Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )Barron's ranks publicly traded U.S. and Canada-based companies using cash flow return on investment (CFROI) and revenue growth criteria....

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Cliffs Natural Resources Inc. Receives Clearance from Chinese Ministry of Commerce to Proceed with Consolidated Thompson Iron Mines Limited Acquisition
Monday May 9th 2011 12:20:00 PM

CLEVELAND, May 9, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that the Chinese Ministry of Commerce (MOFCOM) has cleared Cliffs' proposed acquisition of Consolidated Thompson Iron Mines Limited (TSX: CLM). MOFCOM is the final regulatory agency whose approval was necessary to proceed with the closing of the acquisition of Consolidated Thompson. Subject to certain other closing conditions, Cliffs anticipates closing the acquisition on May 12, 2011. ...

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Cliffs Natural Resources Inc. Announces Underground Mining Resumes at Oak Grove Mine Following Severe Weather in Alabama
Monday May 9th 2011 09:00:00 AM

Cliffs Establishes a Relief Fund and Contributes $200,000 to Assist Local Relief EffortsCLEVELAND, May 9, 2011 /PRNewswire/ --Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that power has been fully restored and underground mining has resumed at its Oak Grove Mine in Alabama. As previously reported, during the evening of April 27, 2011 the Company's aboveground operations at its Oak Grove Mine were struck by severe weather, including a tornado. The Company also indicated...

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Cliffs Natural Resources Joins Ranks of the Fortune 500
Friday May 6th 2011 08:11:00 AM

CLEVELAND, May 6, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced it has been added to the Fortune 500 list 2011, FortuneMagazine's annual ranking of America's largest companies by revenue. Cliffs is ranked at No. 477, with annual revenues of $4.7 billion for 2010.(Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )"We are pleased to attain this ranking in the prestigious Fortune 500," said Joseph A. Carrabba, Cliffs' chairman, president...

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Cliffs Natural Resources Inc. Reports First-Quarter 2011 Results
Thursday April 28th 2011 06:01:00 PM

CLEVELAND, April 28, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today reported first-quarter results for the period ended March 31, 2011. Consolidated revenues in the seasonally slow first quarter were up 63% to a record $1.2 billion, from $728 million in the same quarter last year. Operating income for the first quarter was $541 million, an increase of 377% from the comparable quarter in 2010. First-quarter 2011 net income was $423 million, or $3.11 per diluted...

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Cliffs Natural Resources Inc. Oak Grove Mine Impacted by Severe Weather in Alabama
Thursday April 28th 2011 12:00:00 AM

CLEVELAND, April 28, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today reported that during the evening of April 27, 2011 its above ground operations at its Oak Grove Mine in Alabama were struck by severe weather, including a tornado storm. All mine operations employees are accounted for and safe with no known injuries at this point in time. Cliffs indicated that it does appear that the severe weather did significant damage to the mine's preparation plant...

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Cliffs Natural Resources Inc. Announces Settlement Agreement with Essar Steel Algoma Inc.
Wednesday April 20th 2011 05:05:00 PM

CLEVELAND – Apr. 20, 2011 – Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that it has reached a settlement agreement with Essar Steel Algoma Inc. The settlement agreement includes Essar's acceptance of the previously announced arbitration award. In addition to acknowledging the method to calculate the contract prices beginning in 2010 through the duration of the contract, the settlement agreement also finalizes the 2011 contract price. Donald J....

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Cliffs Natural Resources Inc. Declares Quarterly Cash Dividend on Common Shares
Wednesday April 13th 2011 05:53:00 PM

CLEVELAND, April 13, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that its Board of Directors declared a quarterly cash dividend on the Company's common shares of $0.14 per share. The cash dividend will be payable on June 1, 2011, to shareholders of record as of the close of business on April 29, 2011. (Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )To be added to Cliffs Natural Resources' e-mail distribution list, please click on...

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Cliffs Natural Resources Inc. Receives Investment Canada Act Approval to Proceed With Consolidated Thompson Iron Mines Limited Acquisition
Tuesday April 12th 2011 04:15:00 PM

CLEVELAND, April 12, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that the Minister of Industry has approved Cliffs proposed acquisition of Consolidated Thompson Iron Mines Limited (TSX: CLM), under the Investment Canada Act, on the basis that the transaction is likely to be a net benefit to Canada. Cliffs indicated the Chinese Ministry of Commerce's (MOFCOM) approval is required to proceed with the closing of the acquisition. Subject to MOFCOM's...

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Cliffs Natural Resources Inc. to Announce 2011 First-Quarter Financial Results April 28; Conference Call April 29
Monday April 11th 2011 01:25:00 PM

CLEVELAND, April 11, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today said it intends to announce unaudited 2011 first-quarter financial results after the U.S.-market close Thursday, April 28, 2011.(Logo: https://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results. When:Friday, April 29, at 10 a.m....

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Cliffs Natural Resources Inc. Announces Negotiated Settlement of Arbitrations and Litigation With ArcelorMittal USA Inc.
Friday April 8th 2011 04:15:00 PM

CLEVELAND, April 8, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced it has reached a negotiated settlement with ArcelorMittal USA Inc., and related parties, with respect to the companies' previously disclosed arbitrations and litigation regarding, among other matters, price reopener entitlements for 2009 and 2010 and pellet nominations for 2010 and 2011.(Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )Under the terms of the settlement,...

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Cliffs Natural Resources Inc. Announces Pricing of an Aggregate $1 Billion Public Offering of Senior Notes
Wednesday March 16th 2011 12:00:00 PM

CLEVELAND – March 16, 2011 – Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that it has priced two tranches of a registered public offering of Senior Notes. The offering includes a 10-year tranche of $700 million aggregate principal amount of 4.875% Senior Notes due April 1, 2021, and an additional issuance of $300 million aggregate principal amount of 6.25% Senior Notes due October 1, 2040. Cliffs expects to close the $700 million offering on March 23, 2011,...

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Cliffs Natural Resources Inc. Announces Consolidated Thompson Iron Mines Limited's Shareholders Overwhelmingly Approve Plan of Arrangement
Friday February 25th 2011 03:13:00 PM

CLEVELAND, Feb. 25, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced Consolidated Thompson Iron Mines Limited's (TSX: CLM) shareholders overwhelmingly approved the plan of arrangement for Cliffs to acquire all of Consolidated Thompson's outstanding shares. At Consolidated Thompson's special shareholder meeting held today, approximately 76% of Consolidated Thompson's shareholders were represented in person or by proxy, and approximately 97% of these...

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Cliffs Natural Resources Inc. Reports Fourth-Quarter and Full-Year 2010 Results
Wednesday February 16th 2011 04:30:00 PM

CLEVELAND, Feb. 16, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today reported fourth-quarter and full-year results for the period ended Dec. 31, 2010. Record full-year revenues of $4.7 billion increased $2.3 billion, or over 100%, from the previous year. Full-year operating income increased to $1.3 billion, up 450% from $230 million in 2009. Net income was $1 billion, or $7.49 per diluted share, up from $205 million, or $1.63 per diluted share, in the prior...

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Cliffs Natural Resources Inc. Announces Management Promotions to Support Global Reorganization
Tuesday February 8th 2011 04:10:00 PM

Company Also Launches Searches for North American Coal Operating Executive and Global Transportation and Logistics Executive; Creates New Global Operations Services RoleCLEVELAND, Feb. 8, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced a number of global commercial, operating and administrative management promotions in support of the Company's previously announced global reorganization. With these promotions also comes the realignment of various...

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Cliffs Natural Resources Inc. Announces Planned Retirement of William Calfee, Executive Vice President, Commercial
Tuesday February 8th 2011 04:05:00 PM

CLEVELAND, Feb. 8, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that William Calfee, executive vice president, commercial, North American Iron Ore, will retire effective July 1, 2011. The Company said Mr. Calfee will assume a one year consultancy role with Cliffs after his retirement.(Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )"We are grateful to Bill for his leadership in the organization over the past 39 years," said Joseph...

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Cliffs Natural Resources Releases Northern Ontario Chromite Project Information to Facilitate Stakeholder Discussions
Thursday February 3rd 2011 07:30:00 PM

CLEVELAND, Feb. 3, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today, in connection with its ongoing discussions with stakeholders, released preliminary project information for potential development of its Black Thor chromite deposit in the McFaulds Lake or Ring of Fire area of Northern Ontario. (Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )Cliffs Chromite Project involves the largest known North American chromite deposit, located in one of the...

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Cliffs Natural Resources Inc. to Announce 2010 Fourth-Quarter and Full-Year Financial Results Feb. 16; Conference Call Feb. 17
Monday January 31st 2011 08:00:00 AM

CLEVELAND, Jan. 31, 2011/PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today said it intends to announce unaudited 2010 fourth-quarter and full-year financial results after the U.S.-market close Wednesday, Feb. 16, 2011. (Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results. When:Thursday, Feb. 17,...

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Cliffs Natural Resources Inc. Announces Global Reorganization
Wednesday January 19th 2011 12:00:00 PM

Worldwide Realignment of Commercial, Operating and Administrative Functions Designed to Leverage Global Scale and Improve Production Efficiencies CLEVELAND – Jan. 19, 2011 – Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced a comprehensive global reorganization that will realign global management responsibilities for its commercial sales and marketing, operating and corporate support. Joseph A. Carrabba, Cliffs' chairman, president and chief executive...

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Cliffs Natural Resources Inc. Declares Quarterly Cash Dividend on Common Shares
Tuesday January 11th 2011 06:31:00 PM

CLEVELAND, Jan. 11, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that its Board of Directors declared a quarterly cash dividend on the Company's common shares of $0.14 per share. The cash dividend will be payable on March 1, 2011, to shareholders of record as of the close of business on Feb. 15, 2011. To be added to Cliffs Natural Resources' e-mail distribution list, please click on the link...

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Cliffs Natural Resources Board Elects Two New Directors
Tuesday January 11th 2011 06:30:00 PM

Andres Ricardo Gluski and Richard A. Ross to Join Company's Board CLEVELAND, Jan. 11, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that the Board of Directors has elected Andres Ricardo Gluski, 53, executive vice president and chief operating officer of The AES Corporation (NYSE: AES), and Richard A. Ross, 53, former chairman and chief executive officer of Inmet Mining Corporation (TSX: IMN), to the Board. The appointments are effective...

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Cliffs Natural Resources Inc. Announces Definitive Agreement to Acquire Consolidated Thompson Iron Mines Limited for C$4.9 Billion, or C$17.25 in Cash Per Share
Tuesday January 11th 2011 04:40:00 PM

CLEVELAND, Jan. 11, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc.(NYSE: CLF) (Paris: CLF), an international mining and natural resources company, today announced that it has entered into a definitive arrangement agreement with Consolidated Thompson Iron Mines Limited (TSX: CLM) to acquire all of Consolidated Thompson's common shares in an all-cash transaction valued at approximately $4.9 billion Canadian dollars (including net debt), or C$17.25 per share, which represents an...

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Cliffs Natural Resources Inc. Announces Receipt of $129 Million in "True-up" Payments from Essar Steel Algoma, Inc.
Thursday January 6th 2011 05:02:00 PM

CLEVELAND, Jan. 6, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced the receipt of $129 million in "true-up" payments from Essar Steel Algoma, Inc. These payments are related to the portion of revenue from 2010 pellet sales that were disputed in a previously disclosed arbitration. Despite this cash payment, Essar Steel Algoma is maintaining a court application to vacate the arbitration award which Cliffs is vigorously contesting. Cliffs also indicated...

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Cliffs Natural Resources Inc. Receives Regulatory Approvals to Develop New Deposit at Iron Ore Operations in Western Australia
Monday December 20th 2010 05:00:00 PM

CLEVELAND, Dec. 20, 2010 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that all Australian Commonwealth and State governmental approvals have been finalized for the Mt. Jackson J1 Deposit. It took the Company slightly over two years to complete the obligatory environmental, mining and aboriginal heritages approvals.(Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )The Mt. Jackson J1 Deposit is an extension of Cliffs' existing Koolyanobbing...

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Cliffs Natural Resources Inc. Announces Successful Resolution of Arbitration with Essar Steel Algoma, Inc.
Friday December 17th 2010 07:21:00 PM

CLEVELAND, Dec. 17, 2010 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that the Company was successful in its previously disclosed arbitration with Essar Steel Algoma, Inc. In a binding decision by the American Arbitration Association, an arbitration panel redefined world prices for blast furnace pellets, a factor used in determining annual price increases or decreases under Cliffs' supply agreement with Essar Steel Algoma. This redefinition...

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Cliffs Natural Resources Inc. Names Dave Anthony Vice President, Senior Project Director, of Its Canadian Chromite Operations
Wednesday December 1st 2010 10:00:00 AM

CLEVELAND, Dec. 1, 2010 /PRNewswire-FirstCall/ --Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced Dave Anthony will join the organization as vice president, senior project director, of Cliffs' Canadian chromite operations, effective January 2011. In this position, Mr. Anthony will lead the technical development of Cliffs' chromite deposits in Northern Ontario, Canada, overseeing project scope, execution plans, schedules and budgets to successfully design, procure,...

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Cliffs Natural Resources Inc. Declares Quarterly Cash Dividend on Common Shares
Tuesday November 9th 2010 02:32:00 PM

CLEVELAND, Nov. 9, 2010 /PRNewswire-FirstCall/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that its Board of Directors declared a quarterly cash dividend on the Company's common shares of $0.14 per share. The cash dividend will be payable on Dec. 1, 2010, to shareholders of record as of the close of business on Nov. 19, 2010. To be added to Cliffs Natural Resources' e-mail distribution list, please click on the link...

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Cliffs Natural Resources Inc. Recipient of Innovation and Excellence Award for Asset Management
Tuesday November 9th 2010 10:00:00 AM

CLEVELAND, Nov. 9, 2010 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that it is the recipient of the Mincom 2010 Innovation and Excellence in Asset Management (IEAM) Vision Award. Mincom, the leading global provider of software and services to asset-intensive industries, sponsors the peer recognition awards program for worldwide leaders with best-in-class business practices and solutions deployments for enterprise asset work management. (Logo:...

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Cliffs Natural Resources Inc. Issues 2009 Corporate Sustainability Report
Thursday November 4th 2010 10:00:00 AM

Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced the release of its second Corporate Sustainability Report, Committed to the Global Community. The Report is a comprehensive look at Cliffs' business and its impact on the local communities in which it operates. The Report follows the G3 guidelines of the Global Reporting Initiative (GRI) and focuses on four areas of corporate responsibility: corporate governance, environment,...

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Cliffs Natural Resources Inc. Ranks in Top 100 Companies for Global 1000 Sustainable Performance Leaders
Monday November 1st 2010 04:02:00 PM

Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today it was named to the Global 1000 Sustainable Performance Leaders, achieving an overall ranking of 97 among other publicly traded global companies. In addition, it ranked fourth among the 64 companies recognized in the Metals and Mining category. The Global 1000 Sustainable Performance Leaders Ranking was released for the first time in September of 2010 by CRD Analytics, a...

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Cliffs Natural Resources Inc. Reports Third-Quarter 2010 Results
Thursday October 28th 2010 05:30:00 PM

Revenue More Than Doubles to a Third-Quarter Record of $1.3 Billion; Net Income Reaches $297 Million, or $2.18 Per Diluted Share Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today reported third-quarter results for the period ended Sept. 30, 2010. Increased sales volumes and favorable pricing contributed to the Company's record-breaking third-quarter consolidated revenues, operating income, net income, diluted EPS and free cash flow results. ...

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Cliffs Natural Resources Inc. CFO, Laurie Brlas, Named Crain's Cleveland Business CFO of the Year
Tuesday October 26th 2010 09:56:00 PM

Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that Laurie Brlas, executive vice president, finance and administration & chief financial officer, was named Crain's Cleveland Business CFO of the Year among Northeast Ohio's top financial officers for her outstanding fiscal leadership and asset management. Ms. Brlas was recognized within the Large Public Company category. Ms. Brlas has served in various...

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Cliffs Natural Resources Inc. Ranks 23rd in Maplecroft Index for Climate Change Leaders
Monday October 25th 2010 12:35:00 PM

Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today it was named to the Maplecroft Climate Innovation Indexes (CII) as a Maplecroft CII Benchmark and Maplecroft CII Leader. In the Climate Innovation Index Benchmark, Cliffs ranked 23rd among the 350 U.S. companies evaluated for climate-related innovation and carbon management programs. The Company also was rated 23rd in the CII Leader category, a ranking of the top 100...

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Cliffs Natural Resources Inc. to Announce 2010 Third-Quarter and Nine-Month Financial Results Oct. 28; Conference Call Oct. 29
Tuesday October 12th 2010 12:00:00 AM

CLEVELAND – Oct. 12, 2010 – Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today said it intends to announce unaudited 2010 third-quarter and nine-month financial results after the U.S.-market close Thursday, Oct. 28, 2010. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results. When: Friday, Oct. 29, at 10 a.m. ET Hosts: Joseph A. Carrabba, Chairman, President...

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Cliffs Natural Resources Inc. Announces Asia Pacific Iron Ore Infrastructure Upgrades
Monday September 20th 2010 05:10:00 PM

Project to Result in Production of Approximately 11 Million Tonnes Annually for Asia Pacific Iron Ore Segment Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that its Board of Directors has approved a capital project at its Koolyanobbing Complex in Western Australia. The project, which requires approximately $320 million Australian dollars of incremental capital investment, is expected to allow the Koolyanobbing Complex to produce...

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Cliffs Natural Resources Inc. Announces Pricing of an Aggregate $1 Billion Public Offering of Senior Notes
Wednesday September 15th 2010 12:00:00 AM

CLEVELAND – Sept. 15, 2010 – Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that it has priced two tranches of a registered public offering of Senior Notes. A 10-year tranche includes $500 million aggregate principal amount of 4.80% Senior Notes due October 2020, and a 30-year tranche includes $500 million aggregate principal amount of 6.25% Senior Notes due October 2040. Cliffs expects to close the offering on September 20, 2010, subject to customary closing...

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Cliffs Natural Resources Inc. Updates Full-Year 2010 North American Coal Outlook
Monday September 13th 2010 06:05:00 PM

Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that it is updating its full-year 2010 North American Coal outlook to include the Company's recent acquisition of INR Energy's coal operations and to adjust the production outlook for its legacy coal operations in West Virginia and Alabama. Cliffs indicated it now expects total full-year 2010 North American Coal sales volume of 3.9 million tons, with an approximate sales...

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Cliffs Natural Resources Inc. Names James R. Michaud Vice President, Human Resources
Thursday September 2nd 2010 11:00:00 AM

Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced the appointment of James R. Michaud to the position of Vice President, Human Resources. In this position, Mr. Michaud will provide leadership in the development of human resources-related strategic and tactical initiatives that support the company's continued growth. Mr. Michaud will officially join Cliffs September 7, 2010, reporting to Laurie Brlas, executive vice...

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Cliffs Natural Resources Inc. Announces Acquisition Close of INR Energy, LLC's Coal Operations
Monday August 2nd 2010 08:00:00 AM

Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced it has closed on its previously announced acquisition of INR Energy, LLC's coal operations located in southern West Virginia. The operations include two underground metallurgical coal mines, one surface mine and several development mines. In addition, the facilities include a state-of-the-art coal preparation and processing plant and a new 110-car unit-train batch-weight...

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Cliffs Natural Resources Inc. Reports Second-Quarter 2010 Results
Wednesday July 28th 2010 05:10:00 PM

Revenue Increases 203% Over Last Year to a Second-Quarter Record of $1.18 Billion; Net Income Reaches $260.7 Million, or $1.92 Per Diluted ShareNorth American Coal Delivers Profitable Quarter with Over $23 Million Sales Margin Contribution Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today reported second-quarter results for the period ended June 30, 2010. Consolidated revenues were up 203% for the second quarter to a record of ...

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Cliffs Natural Resources Increases Ownership of Spider to 85%, Intends To Proceed With Going Private Transaction To Buy The Remainder
Tuesday July 27th 2010 07:00:00 AM

Regulatory News: Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that it has increased its ownership of Spider Resources Inc. ('Spider') (TSXV: SPQ) to 85% after taking up and paying for an additional 22.2 million Spider shares validly tendered to its offer (the 'Offer') that expired on July 26, 2010. Cliffs intends to proceed with a going private amalgamation transaction to acquire the remaining shares of...

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Cliffs Natural Resources Inc. Reminds Spider Shareholders To Tender For Prompt Payment
Wednesday July 21st 2010 10:25:00 AM

Cliffs Does Not Anticipate Extending July 26, 2010 Expiry Date Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today reminded shareholders of Spider Resources Inc. ('Spider') (TSXV: SPQ) that they have until July 26, 2010 at 11:59 p.m. (Eastern Time) to tender their Common Shares for Cdn.$0.19 under Cliffs' offer (the 'Offer'). 'Spider shareholders who want prompt payment should tender their shares now,' said William C. Boor, President of...

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Cliffs Natural Resources Inc. Increases Ownership of Spider To 81.8% And Extends Offer
Monday July 19th 2010 07:00:00 AM

Spider Shareholders Have Until July 26, 2010 To Tender For A 138% PremiumOwnership Increase Effectively Positions Cliffs for Future Compulsory Acquisition or Squeeze-Out Transaction Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that it has taken up approximately 195.5 million common shares ('Common Shares') of Spider Resources Inc. ('Spider') (TSXV: SPQ) that were validly tendered as of July 16, 2010 at 11:59 p.m. (Eastern Time)...

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Cliffs Natural Resources Inc. to Announce 2010 Second-Quarter and First-Half Financial Results July 28; Conference Call July 29
Thursday July 15th 2010 05:00:00 PM

Cliffs Natural Resources Inc. (NYSE: CLF)(Paris: CLF) today said it intends to announce unaudited 2010 second-quarter and first-half financial results after the U.S.-market close Wednesday, July 28, 2010. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results. When: Thursday,...

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Cliffs Natural Resources Declares Quarterly Cash Dividend on Common Shares
Tuesday July 13th 2010 12:40:00 PM

Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that its Board of Directors declared a quarterly cash dividend on the Company's common shares of $0.14 per share. The cash dividend will be payable on Sept. 1, 2010, to shareholders of record as of the close of business on Aug. 13, 2010. This dividend rate is the same amount declared in the prior quarter when Cliffs increased its quarterly payout to $0.14 per share, up from...

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Bucyrus International, Inc. and Cliffs Natural Resources Inc. To Co-Host Product Launch Event
Friday July 9th 2010 12:00:00 AM

CLEVELAND and SOUTH MILWAUKEE, WI – July 9, 2010 – Cliffs Natural Resources Inc. (NYSE:CLF) (Paris:CLF) and Bucyrus International, Inc. (NASDAQ: BUCY) announced today that they will co-host an event to inaugurate the first automated Bucyrus longwall plow system in the United States. The meeting will be held on Tuesday, July 20, 2010 at Bucyrus' Houston, Pennsylvania facility from 2:00 – 4:00 pm EDT. This event will be an opportunity to observe the longwall plow system up close and above...

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Cliffs Natural Resources Inc. Announces Acquisition of INR Energy, LLC's West Virginia Coal Operations
Tuesday July 6th 2010 08:31:00 AM

Complementary Metallurgical and Thermal Coal Mining Complex to Increase Cliffs' Total Global Coal Equity Production Capacity to Nearly 11 Million Tons by 2012 Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that it has entered into a definitive agreement to acquire all of the coal operations of privately owned INR Energy, LLC, a producer and exporter of high-volatile metallurgical and thermal coal. Cliffs said it plans to...

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Cliffs Natural Resources Gets Majority Position in Spider Resources And Extends Offer
Tuesday July 6th 2010 06:00:00 AM

Spider Shareholders Have Until July 16, 2010 To Tender For A 138% Premium Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that all of the conditions of its Cdn.$0.19 per share all-cash offer ('Cliffs' All-Cash Offer') to acquire all of the common shares (the 'Common Shares') of Spider Resources Inc. ('Spider') (TSXV: SPQ) have been satisfied or waived. Consequently, Cliffs has taken up the approximately 316 million...

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Cliffs Natural Resources and Spider Resources Enter into Support Agreement and Spider Recommends Acceptance of the Cliffs Offer
Friday July 2nd 2010 07:57:00 PM

Combination Agreement between KWG and Spider Terminated Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that it has executed a definitive support agreement with Spider Resources Inc. ('Spider') (TSXV: SPQ) under which Spider has agreed to support Cliffs' previously disclosed all-cash offer for Spider at Cdn.$0.19 ('Cliffs' All-Cash Offer') per Spider share. Spider was informed by KWG Resources Inc. ("KWG") (TSXV: KWG)...

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