North American Business Unit

2 news results for the tag: North American Business Unit.

Cleveland-Cliffs Announces Three Supply Agreements Signed at World Pellet Prices from its North American Iron Ore Segment

September 26th, 2008

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 and Alpha Natural Resources to Merge, Creating Cliffs Natural Resources, a Leading Diversified Mining and Natural Resources Company

July 16th, 2008

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 [...]