Casablanca Capital Mining News

Cliffs to halt operations at Minnesota iron ore mine

The move will help the cash-strapped coal and iron ore miner to continue operating for the short term.

Cliffs US sales beat estimates, turns a profit in Q1

But the miner revised down its 2015 U.S. iron ore sales and production volume estimate to 20.5 million tons, from its previous guidance for 22 million tons

Cliffs restructures Bloom Lake iron ore mine, seeks creditor protection

Chief Executive Lourenco Goncalves said restructuring proceedings have begun in Montreal and sale options will be explored.

Cliffs Natural removes quarterly dividend to repay debt

It also said it has reduced its net debt balance by more than $400 million.

Cliffs closes Bloom Lake iron ore, sells coal assets

Active production at the Canadian Bloom Lake iron ore mine has completely ceased, and the sale of the firm's its struggling coal division has been completed.

Cliffs Natural selling coal assets, expects loss of up to $425m

Miner is dropping coal operations to focus on iron ore.

Cliffs Resources officially shutting Canadian Wabush Mines

About 500 workers will lose their job.

Cliffs the newest victim of iron ore price slump: to take $6bn charge

The miner said the move was driven by its revised pricing outlook and adverse market conditions.

Cliffs Natural Resources up on $200m buyback plan

The new repurchase program will remain active until Dec. 31, 2015.

Cliffs appoints Goncalves CEO after Casablanca proxy win

Casablanca Capital-backed Lourenco Goncalves (55) is also the new chairman of the board.

Activist Casablanca Capital wins battle for Cliffs

The fund, with just a 5.2% stake in Cliffs, has vowed to sell or spin the miner's international operations.

Cliffs halts operations at West Virginia coal mine

The firm is halting its Pinnacle metallurgical coal mine in West Virginia for at least six months, unless market conditions improve.

Face off: Cliffs and major shareholder in public debate over company's future

The miner's negotiations with one of its major shareholders has turned ugly.

Activist hedge fund takes 5.2% of Cliffs Natural Resources, tells miner to spin off international assets

The company is using its position as one of the biggest share holders to push for some major changes.