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CLIFFS NATURAL RESOURCES
  • AN INTERNATIONAL MINING AND NATURAL RESOURCES COMPANY.

    SERVING THE WORLD'S LARGEST AND FASTEST-GROWING STEEL MARKETPLACES.

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IN THE MEDIA

CEO Lourenco Goncalves was recently interviewed by the Wall Street Journal for the article "Iron Ore Producer Bets on Midwest."

 

CLCC DEFINITIVE AGREEMENT

Cliffs has entered into a definitive agreement to sell its Cliffs Logan County Coal assets in southern West Virginia to Coronado Coal II LLC for US$175 million in cash and the assumption of certain liabilities. Cliffs anticipates using the cash proceeds from the sale for debt repayment. The news release is available on our Investors site.

  

EASTERN CANADIAN OPERATIONS

Cliffs is pursuing exit options for its Eastern Canadian iron ore operations, which may result in the closure of the Bloom Lake mine.  Read the complete news release on our Investors site.

   

 

MESSAGE FROM THE CEO

As the year comes to a close, I am proud of the great strides made toward securing a stronger and better future for Cliffs. Transforming a company is no small task. It takes time for everything to transition smoothly into place. I am confident that the groundwork that has been put into place this year is steering the Company in the right direction.

Returning to the Company‚Äôs core strengths has been central to our strategic plan. We are sharply focused on strengthening the overall financial profile of Cliffs through measured actions to reduce debt, pare back spending and exit unprofitable operations. The accomplishments achieved this year will drive us toward being a smaller, nimbler, more profitable company in the future.  

Our leadership team and dedicated employees are working hard every day to deliver on the expectations of our investors and customers. On behalf of all of us, thank you for your continued support and best wishes for a happy and joyous holiday season.

Sincerely,

Lourenco Goncalves
Chairman, President & Chief Executive Officer
Cliffs Natural Resources Inc.