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Cliffs Natural Resources Inc (CLF.N)

CLF.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cliffs Natural Resources begins production of new ‘mustang’ iron ore pellet at its United Taconite Mine
Tuesday, 16 May 2017 05:31pm EDT 

May 16 (Reuters) - Cliffs Natural Resources Inc :Cliffs Natural Resources Inc begins production of new ‘mustang’ iron ore pellet at its United Taconite Mine.  Full Article

Omega Advisors ups share stake in New Residential Investment, Eastman Chemical
Monday, 15 May 2017 11:57am EDT 

May 15 (Reuters) - Omega Advisors Inc :Omega Advisors Inc takes share stake of 1.0 million shares in Cliffs Natural Resources inc - sec filing.Omega Advisors Inc cuts share stake in First Data Corp by 5.4 percent to 8.1 million Class A shares .Omega Advisors Inc holds share stake in Paypal Holdings Inc.Omega Advisors Inc dissolves share stake in bluebird bio inc.Omega Advisors Inc takes share stake of 150,000 shares in Lowe's Cos Inc.Omega Advisors takes share stake of 400,000 shares in Weatherford International Plc.Omega Advisors Inc ups share stake in New Residential Investment by 69.9 percent to 1.3 million shares.Omega Advisors Inc ups share stake in Eastman Chemical Co by 8.4 percent to 464,813 shares.Omega Advisors cuts share stake in PVH Corp by 38.1 percent to 395,338 shares.Omega Advisors - change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec 31, 2016.  Full Article

Cliffs Natural Resources qtrly loss per share from cont ops $0.11
Thursday, 27 Apr 2017 08:00am EDT 

April 27 (Reuters) - Cliffs Natural Resources Inc ::Cliffs Natural Resources Inc - Cliffs' full-year 2017 Asia Pacific iron ore expected sales and production volume is unchanged at approximately 11.5 million tons.Cliffs Natural Resources -U.S. Iron ore pellet sales volume in Q1 of 2017 was 3.1 million long tons, a 63 percent increase when compared to Q1 of 2016.Cliffs Natural Resources Inc - Cliffs full-year 2017 capital expenditures budget is unchanged at $105 million.Cliffs Natural Resources Inc reports first-quarter 2017 results.Q1 revenue rose 51 percent to $462 million.Cliffs Natural Resources Inc - qtrly loss per share from continuing operations of $0.11.Cliffs Natural Resources - Q1 Asia pacific iron ore sales volume increased 9 percent to 3.0 million metric tons, from 2.8 million metric tons in Q1 of 2016.Q1 earnings per share view $0.17, revenue view $412.7 million -- Thomson Reuters I/B/E/S.Cliffs Natural Resources - full-year 2017 U.S. iron ore cash cost of goods sold and operating expense expectation is unchanged at $55 - $60 per long ton.Cliffs Natural Resources Inc - expects to generate approximately $380 million of net income and $700 million of adjusted EBITDA for full-year 2017.Cliffs Natural Resources Inc - U.S. Iron ore full-year sales and production volumes expectation is unchanged at approximately 19 million long tons.  Full Article

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

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Miner thinks small to resurrect big Canadian iron ore mine

TORONTO Champion Iron Ltd is thinking small with its plans to bring Quebec's giant Bloom Lake iron ore mine back to life. Chief Executive Michael O'Keeffe intends to slash costs while cutting millions of tonnes from a planned production expansion. The strategy runs counter to the traditional economy of scale formula, which bumps up production for proportional cost savings.