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United States

Cliffs Natural Resources Inc (CLF)

CLF on New York Consolidated

7.91USD
29 Jul 2016
Change (% chg)

$-0.18 (-2.22%)
Prev Close
$8.09
Open
$7.97
Day's High
$8.13
Day's Low
$7.77
Volume
14,007,308
Avg. Vol
12,047,042
52-wk High
$8.45
52-wk Low
$1.20

Latest Key Developments (Source: Significant Developments)

Cliffs Natural Resources Q2 EPS $0.07
Thursday, 28 Jul 2016 08:00am EDT 

Cliffs Natural Resources Inc : Reports Second Quarter 2016 results . U.S. iron ore pellet sales volume in q2 of 2016 was 4.1 million long tons, a 2 percent decrease . Second-Quarter 2016 Asia Pacific iron ore sales volume increased 13 percent to 3.1 million metric tons, from 2.8 million metric tons . Cliffs is maintaining its full-year 2016 capital expenditures expectation of $75 million . Q2 earnings per share $0.07 from continuing operations . Q2 revenue $496 million versus I/B/E/S view $464.8 million . Q2 earnings per share view $0.02 -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.07 .Maintaining full-year 2016 asia pacific iron ore sales and production volume forecast of approximately 11.5 million metric tons.  Full Article

Cliffs Natural Resources files for offering of up to $300 million - sec filing
Thursday, 16 Jun 2016 06:11am EDT 

Cliffs Natural Resources Inc : Files for common shares offering of up to $300.0 million - sec filing .Intends to use net proceeds for general corporate purposes, including repayment of debt, in particular 2018 senior notes.  Full Article

Cliffs Natural Resources and Arcelormittal USA enter into long-term iron ore supply agreement
Tuesday, 31 May 2016 08:30am EDT 

Cliffs Natural Resources Inc : Co and Arcelormittal USA LLLC enter into new long-term iron ore supply agreement through 2026 . New agreement will replace two existing agreements expiring in Dec. 2016 and Jan. 2017 . New contract also establishes minimum tonnage of pellets of 7 million long tons, higher than current minimum level .New commercial agreement includes Arcelormittal's total purchases of iron ore pellets from cliffs up to 10 million long tons.  Full Article

Cliffs Natural Resources announces agreements with Minnesota Power
Tuesday, 24 May 2016 08:00am EDT 

Cliffs Natural Resources Inc : Announces agreements with Minnesota Power . Will receive $31 million dollars in cash as part of long-term purchased power arrangement for its Northshore operation . Has extended regulated power arrangements with Minnesota Power for 10 years at its united taconite and babbitt facilities .Stated that supply agreement will not involve any immediate staff reductions at its silver bay power plant.  Full Article

Cliffs Natural Resources Inc to suspend operations, cut 450 jobs at Minnesota mine - Reuters
Tuesday, 17 Nov 2015 11:15am EST 

Cliffs Natural Resources Inc:Cliffs Natural Resources Inc said it would temporarily halt operations and cut 450 jobs at its Northshore iron ore mine in Minnesota by Dec. 1, aiming to lower costs at a time when miners battle weak prices and demand - RTRS.Cliffs has already temporarily idled operations at its United Taconite mine in Minnesota in August and said on Tuesday it expected both mines to remain idle through the first quarter of 2016 - RTRS.Northshore employs about 540 people. Cliffs said it would retain 90 employees through January and only 70 employees after that for as long as the mine remained idle - RTRS.  Full Article

Cliffs Natural Resources terminated Pellet Sale and Purchase Agreement with Essar Algoma
Tuesday, 6 Oct 2015 04:20pm EDT 

Cliffs Natural Resources:Says effective October 5, 2015, it has terminated its Pellet Sale and Purchase Agreement with Essar Algoma.Cliffs' decision was made as a result of Essar Algoma's multiple and material breaches under the agreement.Says while the agreement has been terminated, Cliffs remains open to discussing supplying Essar with pellets on commercially reasonable terms consistent with a just-in-time iron ore supply arrangement.  Full Article

Cliffs Natural Resources Inc declares quarterly cash dividend
Thursday, 10 Sep 2015 04:05pm EDT 

Cliffs Natural Resources Inc:Declares quarterly cash dividend on the Company's 7.00% Series A Mandatory Convertible Preferred Stock, Class A of $17.50 per share.Payable on Nov. 2 to shareholders of record of the Series A preferred stock as of the close of business on Oct. 15.  Full Article

Cliffs Natural Resources Inc proposed sale of First Point Minerals Shares
Tuesday, 8 Sep 2015 07:00am EDT 

Cliffs Natural Resources Inc:Announces proposed sale of First Point Minerals shares.Says an affiliated company of Cliffs intends to sell the common shares of First Point beneficially owned by it.Says the affiliate company of Cliffs currently owns about 14.4 million common shares of First Point Minerals.  Full Article

Cliffs Natural Resources Inc names P. Kelly Tompkins New Chief Financial Officer
Thursday, 2 Apr 2015 07:00am EDT 

Cliffs Natural Resources Inc:Has named its current Executive Vice President of Business Development, P. Kelly Tompkins as the Company's new Executive Vice President & Chief Financial Officer effective April 1.Says Tompkins will replace Terrance Paradie, who announced his resignation to pursue an opportunity with another company.Simultaneously with Tompkins's appointment as CFO, the Company's current Executive Vice President, Seaborne Iron Ore, Clifford Smith has been named Executive Vice President, Business Development.The position previously occupied by Smith has been eliminated.  Full Article

Cliffs Natural Resources Inc declares quarterly cash dividend
Friday, 27 Mar 2015 07:00am EDT 

Cliffs Natural Resources Inc:Declares quarterly cash dividend of $17.50 per share.Payable on May 1, to shareholders of record as of close of business on April 15.  Full Article

BRIEF-Cliffs Natural Resources Q2 EPS $0.07

* U.S. iron ore pellet sales volume in q2 of 2016 was 4.1 million long tons, a 2 percent decrease