The ability to capitalize on opportunities created by emerging economies is an undertaking pursued since the beginning of time. The dynamic markets that develop create a wave of optimism and potential, while at the same time present a real opportunity for established enterprises. In stark contrast to the last three centuries, the economies of the West are mature and now occupy a larger role in servicing the industrialization of developing nations such as China, India and Brazil.
For more than 160 years, Cliffs Natural Resources capitalized on the build-out of the world’s Western nations, playing a vital role in the American Industrial Revolution. Today, through a number of strategic transactions executed since 2005, we are positioned to capitalize on advancing development around the world.
Cliffs’ global portfolio of mines and transportation infrastructure includes a wide range of assets pointed at various markets. Cliffs owns and operates several producing mine and processing facilities, along with a robust organic growth pipeline including greenfield development projects that have the potential to be large-scale, long-lived generational assets.
Our continued success will require that our management’s time and capital resources are allocated to areas that have the most impact for the Company’s stakeholders. Cliffs’ leadership endeavors to manage the business in a sustainable manner to achieve top-quartile total shareholder return, while providing all stakeholders operating and financial transparency.
Joseph A. Carrabba
Chairman, President & CEO