Cliffs Natural Resources

Cliffs Natural Resources up on $200m buyback plan

Cecilia Jamasmie | August 25, 2014
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

Cecilia Jamasmie | August 7, 2014
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

Cecilia Jamasmie | July 30, 2014
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

Cecilia Jamasmie | June 25, 2014
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.

Quebec commits up to $20 million for new Labrador Trough rail line

Cecilia Jamasmie | June 6, 2014
Quebec commits up to $20 million for new Labrador Through rail line

The government has set aside a maximum of $20 million from its Northern Plan Fund to estimate costs and define the best railway option for the iron-ore rich region.

Canada’s Ontario to invest up to $1bn in Ring of Fire

Cecilia Jamasmie | April 28, 2014
Canada’s Ontario to invest up to Cdn$1bn in Ring of Fire

The province is asking the Federal government to match the funds.

Vale opens first new Sudbury mine in more than 40 years

Ana Komnenic | February 21, 2014
Totten Mine opens

Vale calls it 'Canada's mine of the future.'

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

Ana Komnenic | February 12, 2014
Casablanca Capital pushes for changes at Cliffs Natural Resources

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

Cliffs cutting capital expenditures by 50%, laying off 500 employees

Ana Komnenic | February 11, 2014
Cliffs Natural Resources idles mine

'Sharper capital allocation must drive our decisions,' CEO Gary Halverson said.

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

Ana Komnenic | January 28, 2014
Fight to oust Cliffs board just got real ugly

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

Some praise Cliff's Ring of Fire suspension, others not so much

Ana Komnenic | November 22, 2013
Ring of Fire

RBC Capital Markets says Cliffs made the right decision.

Cliffs scoops up Barrick executive Halverson and names him CEO

Cecilia Jamasmie | October 25, 2013
Cliffs scoops up Barrick executive Halverson and names him CEO

Effective Nov. 18.

Cliffs appeals Ring of Fire road decision

Cecilia Jamasmie | October 9, 2013
Cliffs appeals Ring of Fire road decision

In a Sept. 10 ruling the miner was told it cannot build a road to its US$3.3-billion chromite project through a Canadian junior's mining claims.

Ring of Fire ambitions on hold for Cliffs Natural Resources

Ana Komnenic | June 12, 2013
Chromite project on hold for Cliffs Natural Resources

Cliffs Natural Resources suspends its chromite project while it negotiates with government.

Conviction sell: Rio downgrade gives entire iron ore sector a bloody nose

Frik Els | March 19, 2013
Gold, silver take a Friday beating

Goldman Sachs sees significant earnings declines at world number two miner.

Cliffs Natural Resources delays massive iron ore projects

Cecilia Jamasmie | November 19, 2012

Cliffs Natural Resources (NYSE:CLF), U.S.’ s largest producer of iron-ore pellets, said Monday it would delay mine expansion in Quebec as well as a portion of production at two of its operations in the U.S., as a result of weak commodity prices.

Discord over NW Ont. mine was avoidable, lawyer says

CBC Ottawa | May 16, 2012

An American company planning to invest $3.3 billion on a Northern Ontario mine and processing plant has waded into the latest front in a countrywide battle over environmental issues and aboriginal rights, a mining consultant says.

Cliffs Q4 profit down but annual profit up 59%

Andrew Topf | February 16, 2012

Despite a drop in net income in the fourth quarter, Cliffs Natural Resources (NYSE:CLF) is reporting a record profit of $1.6 billion, or $11.48 a share – a 59% increase from a year ago.

Cliffs Natural To End Michigan Iron Nuggets Joint Venture

Wall Street Journal Online | February 8, 2012

Cliffs Natural Resources Inc. (CLF) said it will dissolve its Michigan iron nuggets joint venture with Kobe Steel (KBSTY) as coal and iron-ore producer Cliffs looks to focus on its core business.

Cliffs Natural Resources: 2011 iron ore prices and volumes come in under expectations

Andrew Topf | January 27, 2012
Excavator on the the iron ore opencast mining site

Cliffs Natural Resources Inc., a US iron ore and coal producer, is anticipating lower prices and volumes of iron ore shipped in the fourth quarter.

Cliffs Natural Resources to spend $1bn in 2012

Mining Weekly | January 20, 2012

Diversified miner Cliffs Natural Resources has budgeted $1-billion for capital expenditure in 2012, with more than half going into its Canadian iron-ore operations.

U.S. mining giant looks to Asia to process Ring of Fire chromite

Toronto Star Online | December 1, 2011

Cliffs Natural Resources, an Ohio-based mining giant, is preparing to extract what is estimated to be one of the world’s largest chromite discoveries in an ecologically sensitive part of northern Ontario, about 500 kilometres northeast of Thunder Bay. Continue reading …

Cliffs stock falls after announcing $30 million charge

Andrew Topf | September 28, 2011
finance mining

Cliffs Natural Resources was down about 7% in mid-day trading after the Cleveland-based company announced plans yesterday to sell and idle its biomass production facility in Michigan.

Cliffs said it will take a $30 million charge in the third quarter as a result of the decision, while adding it will make efforts to reassign the 30-odd employees of renewaFUEL to other positions in the company.

Altius, Cliffs expand Canadian exploration venture

Mining Weekly | August 8, 2011
altius minerals

Newfoundland-based Altius Minerals has expanded its exploration agreement with number-one US iron-ore miner Cliffs Natural Resources to include a new project in northern Labrador, it said on Monday.

Image of serpentinized ultramafics with Cr pods in the Pipestone Pond area, by Altius Minerals

Cliffs denied remediation plan to continue mining at Pinnacle

PRNewswire | June 26, 2011

Cliffs Natural Resources Inc. (NYSE:CLF) announced today that regulatory agencies have denied a submitted remediation plan designed to address detected levels of carbon monoxide at the company's Pinnacle Mine in West Virginia. The plan would have allowed the company to resume underground mining operations at its Pinnacle Mine in West Virginia which were stopped in late May due to the detected levels of carbon monoxide.

Montreal Gazette: Ontario mine workers walk off job Editor | June 20, 2011

The Montreal Gazette reports:

About two dozen non-unionized workers have walked off the job in a remote mining camp in northern Ontario — in an area known as the Ring of Fire — in protest of what they call unsafe conditions and unsatisfactory compensation.

The workers put out a statement late Sunday saying they had stopped working over the weekend.

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