Cliffs Natural Resources

Cliffs US sales beat estimates, turns a profit in Q1

Cecilia Jamasmie | April 29, 2015
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

Quebec prepared to buy rail to help rescue iron ore mine

Bloomberg | May 5, 2015

Quebec is prepared to buy a rail line and port facilities that service a shuttered Cliffs Natural Resources Inc. iron-ore mine to pave the way for the operation to reopen under new owners.

Cliffs puts more Canadian assets on the block

Andrew Topf | April 12, 2015
Cliffs Resources officially shutting Canadian Wabush Mines

Four months after shutting down its Bloom Lake iron ore mine as part of a plan to exit Eastern Canada amid low commodity prices, U.S. miner Cliffs Natural Resources (NYSE:CLF) is about to divest itself of more Canadian assets.

Canada’s Quebec re-launches less ambitious Plan Nord

Cecilia Jamasmie | April 8, 2015
Canada’s Quebec re-launches less ambitious Plan Nord

The province now expects to attract Cdn$50 billion in investment, down from its 2011 forecast of Cdn$80 billion.

Labrador Iron Mines seeks court protection from creditors

Cecilia Jamasmie | April 2, 2015
Labrador Iron Mines seeks court protection from creditors

The Canadian miner became the latest victim of slumping iron ore prices.

Cliffs sells Ontario’s Ring of Fire claims to Noront for $20 million

Cecilia Jamasmie | March 23, 2015
Cliffs sells Ontario’s Ring of Fire claims to Noront for $20M

The U.S. miner said the sale is part of a strategy to divest non-core assets and focus on supplying iron ore pellets to the North American steel industry.

Cliffs restructures Bloom Lake iron ore mine, seeks creditor protection

Cecilia Jamasmie | January 27, 2015
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

Cecilia Jamasmie | January 26, 2015
Cliffs Natural removes quarterly dividend to repay debt

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

Canadian court hands victory to First Nations in lawsuit against Rio Tinto

Cecilia Jamasmie | January 8, 2015
Canadian court hands victory to First Nations in lawsuit against Rio Tinto

Quebec's highest court has refused to hear an appeal of a last year judgment that rejected a motion to dismiss the millionaire lawsuit against the miner's Iron Ore Co. of Canada (IOC).

Cliffs closes Bloom Lake iron ore, sells coal assets

Cecilia Jamasmie | January 2, 2015
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' Bloom Lake hit with record environmental fine

Frik Els | December 24, 2014
Cliffs' Bloom Lake hit with record environmental fine

The $7.5m fine was imposed following the Triangle Tailings Pond dam breach in May 2011 and other environmental missteps over a period of 18 months.

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' Bloom Lake hit with record environmental fine

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.

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