Cliffs Natural Resources

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

Cecilia Jamasmie | December 3, 2014
Cliffs Natural selling coal assets to Coronado Coal, expects loss of up to $425m in Q4

Miner is dropping coal operations to focus on iron ore.

Cliffs mulls closing Bloom Lake iron ore mine for lack of buyers

Cecilia Jamasmie | November 19, 2014
Cliffs mulls closing Bloom Lake iron ore mine for lack of buyers

Closing the mine will cost $650 million to $700 million over the next five years.

No hope for Ring of Fire, says Cliffs CEO

MINING.com Editor | November 3, 2014
Ring of Fire

A Canadian region once touted as Ontario's answer to the oil sands will not be developed anytime soon- according to the CEO of a major stakeholder.

Cliffs Resources officially shutting Canadian Wabush Mines

Cecilia Jamasmie | October 31, 2014
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

Cecilia Jamasmie | October 17, 2014
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.

Canadian court rules aboriginal lawsuit against Rio Tinto can go ahead

Cecilia Jamasmie | September 23, 2014
Canadian court rules aboriginal lawsuit against Rio Tinto can go ahead

Quebec judge wouldn't dismiss $900 million lawsuit.

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
Iron ore rally turning into dead cat bounce

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
clock_delay600

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.

More »