Edition:
United States

Cliffs Natural Resources Inc (CLF.N)

CLF.N on New York Stock Exchange

8.27USD
4:01pm EDT
Change (% chg)

$0.04 (+0.49%)
Prev Close
$8.23
Open
$8.32
Day's High
$8.53
Day's Low
$8.20
Volume
2,386,030
Avg. Vol
3,002,730
52-wk High
$12.37
52-wk Low
$2.77

Latest Key Developments (Source: Significant Developments)

Cliffs Natural Resources increases maximum payment amount for tender offers for certain unsecured notes
Friday, 10 Mar 2017 08:00am EST 

Cliffs Natural Resources Inc : Cliffs Natural Resources Inc. Announces increase in maximum payment amount with respect to tender offers for certain of its unsecured notes . Cliffs Natural Resources - increased maximum payment amount to up to $500.0 million in aggregate purchase price .Extended expiration time for tender offers to midnight, new york city time, at end of day on march 23, 2017.  Full Article

Cliffs Natural Resources announces pricing of $500,000,000 senior notes due 2025
Friday, 10 Feb 2017 03:06pm EST 

Cliffs Natural Resources Inc : Cliffs Natural Resources Inc announces pricing of $500,000,000 senior notes due 2025 . Cliffs Natural Resources Inc says priced an offering of $500 million aggregate principal amount of senior notes due 2025 .Cliffs Natural -notes will bear interest at an annual rate of 5.75 percent and will be issued at a price of 100.00 percent of their principal amount.  Full Article

Cliffs Natural Resources announces proposed offering of common shares
Thursday, 9 Feb 2017 04:09pm EST 

Cliffs Natural Resources Inc : Cliffs Natural Resources Inc. announces proposed offering of common shares . Says offering 50.0 million common shares .Cliffs Natural Resources Inc - To use a portion of net proceeds received from offering to fund purchase of certain of its outstanding senior notes.  Full Article

Cliffs Natural Q4 adjusted EPS $0.42 from continuing operations
Thursday, 9 Feb 2017 08:05am EST 

Cliffs Natural Resources Inc : Cliffs natural resources inc - in 2017, cliffs expects to generate $510 million of net income and $850 million of adjusted ebitda . Cliffs natural resources inc. Reports fourth-quarter and full-year 2016 results . Q4 revenue $754 million versus i/b/e/s view $675.2 million . Q4 adjusted earnings per share $0.42 from continuing operations . Q4 earnings per share view $0.23 -- Thomson Reuters I/B/E/S . Cliffs natural - for 2017, cliffs expects full-year sales and production volumes of approximately 19 million long tons from its u.s. Iron ore business . Cliffs natural resources inc - u.s. Iron ore pellet sales volume in q4 of 2016 was 6.9 million long tons, a 53 percent increase . Cliffs natural resources inc - cliffs' full-year 2017 asia pacific iron ore expected sales and production volume is approximately 11.5 million tons . Cliffs natural resources inc - fourth-quarter 2016 asia pacific iron ore sales volume of 2.9 million metric tons increased 1 percent from prior-year quarter . Cliffs natural resources inc - full-year 2017 u.s. Iron ore cash cost of goods sold and operating expense expectation is $55 - $60 per long ton . Cliffs natural resources inc - full-year 2017 product mix for asia pacific iron ore is expected to contain 50 percent lump ore and 50 percent fines . Cliffs natural resources inc - expects full-year 2017 capital expenditures to be $105 million.  Full Article

Omega Advisors takes share stake in U.S. Steel, cuts in Delta Air - SEC Filing
Monday, 14 Nov 2016 11:18am EST 

Omega Advisors Inc : Omega advisors cuts share stake in delta air lines by 15.8 percent to 976,400 shares . Omega advisors - change in holdings are as of september 30, 2016 and compared with the previous quarter ended as of june 30, 2016 . Omega advisors takes share stake in united states steel corp . Omega advisors takes share stake of 1.1 million shares in cliffs natural resources inc . Omega advisors takes share stake of 1.1 million shares in williams companies inc . Omega advisors cuts share stake in united continental holdings by 13.0 percent to 2.1 million shares .Omega advisors cuts share stake in synchrony financial by 22.1 percent to 1.7 million shares.  Full Article

United Steelworkers ratify agreement with Cliffs Natural Resources
Thursday, 29 Sep 2016 12:14pm EDT 

United Steelworkers (USW): Steelworkers ratify agreement with Cliffs Natural Resources . Union members have ratified a contract with Cliffs Natural Resources covering about 2,000 workers . Agreement is retroactive to Oct. 1, 2015 and will expire on Oct. 1, 2018 .Ratified contract with Cliffs Natural Resources covering workers who belong to four local unions at co's U.S. iron ore mines.  Full Article

Cliffs reaches tentative agreement with USW on new labor contract for Michigan, Minnesota mines
Friday, 26 Aug 2016 12:40pm EDT 

Cliffs Natural Resources : Cliffs reaches tentative agreement with United Steelworkers on new labor contract for Michigan and Minnesota mining operations . Agreement is pending ratification by USW local union memberships .New contract will cover about 2,000 USW-represented workers at mines in Michigan and Minnesota.  Full Article

Cliffs Natural calls for full redemption of senior notes due January 2018
Wednesday, 17 Aug 2016 08:00am EDT 

Cliffs Natural Resources Inc : Calls for full redemption of senior notes due January 2018 . Aggregate principal amount outstanding of notes is about $284 million .Expects total payment to holders of notes to be about $301 million in aggregate, plus accrued and unpaid interest.  Full Article

WEC Energy Group entered agreement with Tilden Mining Co - SEC filing
Monday, 15 Aug 2016 01:52pm EDT 

WEC Energy Group Inc: WEC Energy Group entered into an agreement with Tilden Mining Company L.C., an affiliate of Cliffs Natural Resources - SEC filing . Estimated cost of project with Tilden Mining Co is about $255 million, 50 pct of which is expected to be recovered from Tilden .Remaining 50 pct of the project cost is expected to be recovered from utility customers located in upper peninsula of Michigan.  Full Article

Cliffs Natural Resources enters energy agreement with Wec Energy for Tilden mine
Monday, 15 Aug 2016 01:34pm EDT 

Cliffs Natural Resources Inc : Cliffs Natural Resources announces new energy agreement with WEC Energy Group for its Tilden mine in Michigan . Entered into a new 20-year energy agreement with WEC to provide Tilden mine with a long-term source of electrical power in Michigan . WEC Energy Group, plans to construct, operate 170 mw of new natural gas generating capacity across 2 sites in upper Peninsula .Proposed facilities expected to commence operation in 2019 which will be in advance of retirement of Presque Isle power plant.  Full Article

More From Around the Web

BRIEF-Cliffs Natural says CEO's 2016 total compensation was $9.5 mln

* CEO Lourenco Goncalves' 2016 total compensation was $9.5 million versus $11.1 million in 2015 - SEC filing Source text: http://bit.ly/2nG9Ua6 Further company coverage: