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Cleveland-Cliffs Inc (CLF.N)

CLF.N on New York Stock Exchange

6.58USD
10:44am EST
Change (% chg)

$0.20 (+3.13%)
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$6.38
Open
$6.44
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$6.66
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Volume
379,261
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$12.37
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$5.56

Latest Key Developments (Source: Significant Developments)

Cleveland-Cliffs Q3 earnings per share $0.18
Friday, 20 Oct 2017 08:00am EDT 

Oct 20 (Reuters) - Cleveland-cliffs Inc :Cleveland-Cliffs Inc. reports third-quarter 2017 results.Q3 earnings per share $0.18.Q3 revenue $698 million versus I/B/E/S view $670.9 million.Q3 earnings per share view $0.32 -- Thomson Reuters I/B/E/S.Cleveland-Cliffs Inc - ‍U.S. iron ore pellet sales volume in Q3 was 5.9 million long tons, an 11 percent increase compared to Q3 of 2016​.Cleveland-Cliffs Inc - full year 2017 capital expenditures budget has been maintained at $115 million​.Cleveland-Cliffs - Q3 Asia Pacific iron ore sales volume decreased 20 percent to 2.2 million metric tons, from 2.8 million metric tons in Q3 of 2016​.Cleveland-Cliffs - for ‍U.S. iron ore Cliffs full-year sales and production volume expectations were each reduced by 500,000 tons to 18.5 million long tons​.Cleveland-Cliffs Inc - ‍for 2018, Cliffs expects sales and production volumes of 20 million long tons for U.S. iron ore​.Cleveland-Cliffs Inc - ‍for 2018, Cliffs expects Asia Pacific iron ore sales and production volumes of 11 million tons​.Cleveland-Cliffs - ‍Cliffs' FY 2017 Asia Pacific iron ore sales and production volume expectations each reduced by 500,000 metric tons.Cleveland-Cliffs Inc - qtrly ‍net income increased by 290 percent to $53 million, including $89 million in debt extinguishment charges​.  Full Article

Cleveland-Cliffs announces acquisition of remaining equity interest in the Tilden Mine
Monday, 2 Oct 2017 07:00am EDT 

Oct 2 (Reuters) - Cleveland-Cliffs Inc :Cleveland-Cliffs Inc announces acquisition of remaining equity interest in the Tilden Mine.Announced it has acquired United States Steel Corp's 15 percent equity interest in Tilden Mining Co for $105 million in cash.Cleveland-Cliffs Inc - with additional capacity, Cliffs U.S. Iron ore business expected pellet sales volume will increase to 20 million long tons in 2018.  Full Article

Cliffs Natural Resources renames itself Cleveland-Cliffs Inc
Tuesday, 15 Aug 2017 07:00am EDT 

Aug 15 (Reuters) - Cliffs Natural Resources Inc ::Cliffs natural resources renames itself Cleveland-Cliffs Inc.  Full Article

Cliffs Natural Resources enters into supplemental indenture to indenture
Monday, 7 Aug 2017 07:25pm EDT 

Aug 7 (Reuters) - Cliffs Natural Resources Inc -:Cliffs Natural Resources Inc - entered into a first supplemental indenture to indenture, dated as of february 27, 2017 - sec filing.Cliffs Natural Resources Inc - indenture relating to additional issuance by co of amount of $575 million of 5.75% senior notes due 2025.Cliffs Natural Resources Inc - new notes constitute an additional issuance of company's 5.75% senior guaranteed notes due March 1, 2025.Cliffs Natural Resources -new notes were sold on august 7, 2017 in private transaction exempt from registration requirements of securities act of 1933.Cliffs Natural Resources Inc - notes will bear interest at rate of 5.75% per annum.Cliffs Natural Resources Inc - notes mature on March 1, 2025.  Full Article

Cliffs Natural Resources purchased $484.1 mln in amount of notes
Monday, 7 Aug 2017 07:00am EDT 

Aug 7 (Reuters) - Cliffs Natural Resources Inc :Cliffs Natural Resources Inc - purchased $484.1 million in amount of notes that were validly tendered and not validly withdrawn prior to expiration time.  Full Article

Cliffs Natural Resources Inc announces pricing of $575,000,000 senior guaranteed notes due 2025
Monday, 31 Jul 2017 04:50pm EDT 

July 31 (Reuters) - Cliffs Natural Resources Inc :Cliffs Natural Resources Inc. announces pricing of $575,000,000 senior guaranteed notes due 2025.Cliffs Natural Resources Inc - ‍priced an offering of $575 million aggregate principal amount of its 5.75 percent senior guaranteed notes due 2025​.  Full Article

Cliffs Natural Resources Inc announces tender offer for any and all of its senior secured notes
Monday, 31 Jul 2017 07:40am EDT 

July 31 (Reuters) - Cliffs Natural Resources Inc :Cliffs Natural Resources Inc announces tender offer for any and all of its senior secured notes.Commencement of a tender offer to purchase any and all of its outstanding 8.250% senior secured notes due 2020.Tender offer is scheduled to expire at 5:00 p.m., New York City time, on August 4, 2017.  Full Article

Cliffs Natural Resources Inc announces proposed tack-on offering of $575,000,000 senior guaranteed notes due 2025
Monday, 31 Jul 2017 07:40am EDT 

July 31 (Reuters) - Cliffs Natural Resources Inc :Cliffs Natural Resources Inc announces proposed tack-on offering of $575,000,000 senior guaranteed notes due 2025.Cliffs Natural Resources Inc - intends to offer to sell, $575 million aggregate principal amount of its 5.75 percent senior guaranteed notes due 2025.Cliffs Natural Resources- intends to use proceeds, along with cash on hand to repurchase and/or redeem all of outstanding 8.250 percent senior secured notes.Cliffs Natural Resources - additional notes will constitute an additional issuance of co's 5.75 percent senior guaranteed notes due March 1, 2025.  Full Article

Cliffs Natural Resources posts Q2 EPS of $0.26 from cont ops
Thursday, 27 Jul 2017 07:21am EDT 

July 27 (Reuters) - Cliffs Natural Resources Inc ::Cliffs natural resources inc. Reports second-quarter 2017 results.Q2 earnings per share $0.26 from continuing operations.Q2 revenue $569 million versus I/B/E/S view $485.9 million.Q2 earnings per share view $0.17 -- Thomson Reuters I/B/E/S.Sees approximately $310 million of net income and $650 million of adjusted EBITDA for full-year 2017.Full-Year sales and production volumes expectation is unchanged for u.s. Iron ore at about 19 million long tons.Fy 2017 asia pacific iron ore expected production volume is unchanged at approximately 11.5 million metric tons.Full-Year 2017 capital expenditures budget was increased by $10 million to $115 million.Qtrly u.s. Iron ore sales volume 4.3 million long tons versus 4.1 million long tons.Cliffs natural resources inc - full-year u.s. Iron ore sales and production volumes expectation is unchanged at approximately 19 million long tons..Qtrly u.s. Iron ore production volume 4.7 million long tons versus 4.2 million long tons.Cliffs natural resources inc - U.S. Iron ore pellet sales volume in q2 of 2017 was 4.3 million long tons, a 4 percent increase when compared to q2 of 2016.Cliffs natural resources- q2 Asia Pacific iron ore sales volume decreased 20 percent to 2.5 million metric tons, from 3.1 million metric tons in q2 of 2016.  Full Article

Cliffs Natural Resources announces its first HBI production plant in Great Lakes region
Thursday, 15 Jun 2017 06:00am EDT 

June 15 (Reuters) - Cliffs Natural Resources Inc :Cliffs Natural Resources Inc announces its first HBI production plant in the Great Lakes region.Estimated investment in entire project is approximately $700 million.Cliffs is currently in discussions with several passive financial partners regarding project​.Cliffs Natural Resources Inc sees ‍production of commercial tonnage of HBI beginning in mid-2020​.  Full Article

BRIEF-Cleveland-Cliffs Q3 earnings per share $0.18

* Q3 earnings per share view $0.32 -- Thomson Reuters I/B/E/S