Cleveland-Cliffs Inc, an international mining company, announced that it has changed its name to Cliffs Natural Resources Inc. Its ticker symbol will remain the same.
In addition to the name change, the Company also announced the formal adoption of “Cliffs,” the one-word name by which it is commonly known, and introduced a new visual identity, including [...]
Cleveland-Cliffs Inc, which will be renamed Cliffs Natural Resources in mid-October, today said it recently signed three new supply agreements from its North American Iron Ore segment at World Pellet Prices as defined by the “Eastern Canada Pellet Price,” which is currently 228.82 U.S. cents per natural metric ton unit (i.e., approximately $148/metric ton for [...]
Cleveland-Cliffs Inc and Alpha Natural Resources, Inc., today reported that on Aug. 22, 2008, the Federal Trade Commission granted them early termination of the waiting period under the Hart-Scott-Rodino Act for their proposed merger. The merger transaction remains subject to additional approvals, including Cleveland-Cliffs shareholder and Alpha stockholder approvals.
Cleveland-Cliffs Inc, headquartered in Cleveland, Ohio, is [...]
Cleveland-Cliffs Inc and Alpha Natural Resources, Inc. announced that each company’s Board of Directors has approved a definitive merger agreement under which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion.
Under the terms of the agreement, for each share of Alpha common stock, Alpha [...]
As a result of the recently announced iron ore settlements between major Asia-Pacific iron ore producers and consumers, as well as the rising price of hot band steel, Cleveland-Cliffs Inc (NYSE: CLF) today updated its 2008 iron ore revenue and cost-per-ton guidance. In addition, the Company provided commentary on expected pricing for its North American [...]
The two global steel giants that snapped up Canada’s two largest steel makers are battling in court over a soured deal involving a jointly owned iron ore mine in Labrador.
ArcelorMittal Dofasco Inc. is suing U.S. Steel Canada Inc. (the former Stelco Inc.) and mining company Cleveland-Cliffs Inc. after ArcelorMittal’s an agreement to buy out its [...]
ISHPEMING — Cleveland-Cliffs Inc. announced Monday that it has completed a transaction to acquire a 30-percent interest in the Amapa Mine in Brazil.
The mine, which is expected to have about 6.5 million tons of iron ore concentrate, includes a 119-mile railway connecting the mine location to an existing port facility and 71 hectares of real [...]
Cleveland-Cliffs Inc., which makes iron ore pellets used to produce steel, said Monday it has completed the purchase of a Brazil-based company for $133 million in cash and gained a 30 percent stake in an ore-rich mine.
The company purchased 100 percent of the shares of Centennial Asset Mining Fund LLC, which is an affiliate of [...]
Cleveland-Cliffs Inc., a producer of iron ore pellets that are used to make steel, said Wednesday its fourth-quarter profit improved 27 percent as a booming steel industry contributed to higher sales volumes and pricing.
Quarterly earnings after paying preferred dividends rose to $82.3 million, or $1.59 per share, from $64.7 million, or $1.18 per share, in [...]
A new industrial training program now offered at Mesabi Range Community & Technical College’s Eveleth campus is aimed at meeting changing mining industry needs, and filling mining job vacancies expected to occur soon.
Industrial technology with mining emphasis is now being offered this fall as a two-year course for an associate of applied sciences degree in [...]
