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Cleveland Cliffs News

News on Cleveland Cliffs (Ticker: CLF) continually updated from thousands of sources around the net.

6 hrs ago | AmericanBankingNews.com

Cliffs Natural Resources Trading 4.7% Higher on Insider Buying Activity

Cliffs Natural Resources shares traded up 4.7% during trading on Monday following insider buying activity, AnalystRatingsNetwork reports. The company traded as high as $14.85 and last traded at $14.81, with a volume of 5,061,434 shares trading hands.

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Related Topix: Metals, Mining

11 hrs ago | Northern Ontario Business

Ring of Fire development picture looks no clearer, strategist

A management shakeup at Cliffs Natural Resources has some mining analysts believing the possible departure of the Cleveland-based mining giant from the Ring of Fire camp could open the door for other international producers to make a move. With competing and divergent stakeholder agendas at play, combined with a muddled development picture, the overall uncertainty in the remote James Bay mineral exploration camp may drive off any new investment or mining entrants.

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Related Topix: Mining, Metals, Canada,

Sun Sep 14, 2014

WDIO

United Taconite: Celebrating 50 Years of Mining

"I'm so delighted to be here, and to know that the facility is still doing well. I'm also happy to see some of the old timers," he told us.

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Related Topix: Metals, Mining

Thu Sep 11, 2014

Resource Investing News

Going Against the Fear Curve: Dan Chu on the Coal Market

Investors in search of a coal industry expert could certainly do worse than Dan Chu. He's t he managing director of mergers and acquisitions at Deutsche Bank in New York, and has spent the last 25 years of his life facilitating major transactions, mostly within the coal space.

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Related Topix: Banking, Deutsche Bank AG, Financial Services, BlackRock, Investment Services, Companhia Vale do Rio Doce, Mining, Metals, Consol Energy

Seeking Alpha

Cliffs Natural Resources: Trading Liquidity For A Buyback

Cliffs Natural Resources announces an amendment to its credit facility, which allows it to proceed with the $200 million buyback. In my latest article on Cliffs Natural Resources , I stated that the company's decision to start a $200 million buyback was not wise.

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Related Topix: Metals, Mining

Cleveland.com

Another Cliffs director abruptly quits over differences with new CEO and board

There was an unwillingness to discuss options and bullying of directors who suggested considering other options," - Richard Riederer, Cliffs director Cliffs Natural Resources may now be split up because hedge fund Casablanca Capital has managed to replace the company's board of directors with its own candidates at the company's annual shareholder meeting on July 29. Three incumbent directors have left the board. Richard Riederer, a 12-year veteran on the mining company's board, resigned earlier this month, citing differences with Lourenco Goncalves, the company's president and CEO, who was appointed after hedge fund Casablanca Capital LP took control of Cliffs.

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Related Topix: Mining, Metals, US Securities and Exchange Commission, Financial Services

Wed Sep 10, 2014

The Washington Post

Cliffs Director Quits Citing - Bullying' at Recent Board Meeting

A director resigned from Cliffs Natural Resources Inc., the U.S. iron ore producer that's trying to sell its foreign mines, saying management won't listen to dissenting views. In his Sept.

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Related Topix: Metals, Mining, Science / Technology

Tue Sep 09, 2014

NorthlandsNewscenter.com

Cliffs Natural Resources announces closure of downtown Duluth office

According to Patricia Persico, global communications at Cliffs Natural Resources , 31 employees at its Duluth office will lose their jobs. The Duluth office serves as a shared services location.

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Related Topix: Duluth, MN, Mining, Metals, Eveleth, MN, Hibbing, MN, Forbes, MN

Mon Sep 08, 2014

Business North

United Taconite to celebrate 50 years

Cliffs Natural Resources Inc. will host a public anniversary celebration for United Taconite on Sunday. UTAC is celebrating 50 years of mining and 10 years under the ownership of Cliffs Natural Resources Inc. The free public anniversary event is being held to show appreciation for employees, retirees and the surrounding communities.

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Related Topix: Mining, Metals, Eveleth, MN, Iron, MN, Forbes, MN, Coupe, Ford Thunderbird, Convertible, Ford

Fri Sep 05, 2014

Seeking Alpha

Commodities Today: Geopolitics And Energy News Moving Stocks

Point out to bulls of CLF why expectations for the asset sales may be too optimistic, especially when looking at recent transactions in the industry. Highlight the possibility that India could face widespread blackouts in the next month if no action is taken by the government.

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Related Topix: Metals, Mining

Seeking Alpha

Cliffs Natural Resources: The Sell-Off Begins

A Wall Street Journal report states that Cliffs Natural Resources hired banks to sell its coal and Australian iron ore operations. In my earlier article on Cliffs Natural Resources , I discussed the possible consequences of the leadership change after the activist fund Casablanca Capital took control of Cliffs' board.

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Related Topix: Metals, Mining

Thu Sep 04, 2014

Detroit News

Export-Import bank hurts U.S. companies

Americans agree that our federal government shouldn't extend cheap, taxpayer-backed loans to wealthy corporations at the expense of U.S. jobs and competitiveness. Consider this: In November of 2013, the Ex-Im Bank 'facilitated' the sale of Caterpillar equipment to an Australian mining group, Hancock Prospecting, for an iron-ore project called Roy Hill.

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Related Topix: Metals, Mining, Opinion

Seeking Alpha

The Value Of Cliffs Natural Resources Is All In The P/B Ratio

Cliffs is currently trading at a discounted price-to-book of roughly 0.42 and this discount is more important then worrying about the decline in the demand for Iron Ore. Casablanca has taken the company in a direction that is not concerned with waiting out the issues in Iron Ore demand; but rather, in harvesting assets and buying back shares.

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Related Topix: Metals, Mining

Benzinga

S&P 500 Struggles To Hold 2,000 As Commodities Rebound

After starting the day higher, equity markets slowly sold off. Trading continues to be characterized by low volume and volatility.

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Related Topix: Financial Markets, World News, Africa, Libya, Mining, Metals, Construction, Toll Brothers, Hovnanian Enterprises, Accounting, Human Resources, Concur Technologies, Software

Wed Sep 03, 2014

Detroit News

Export-Import bank hurts U.S. companies

Americans agree that our federal government shouldn't extend cheap, taxpayer-backed loans to wealthy corporations at the expense of U.S. jobs and competitiveness. Consider this: In November of 2013, the Ex-Im Bank 'facilitated' the sale of Caterpillar equipment to an Australian mining group, Hancock Prospecting, for an iron-ore project called Roy Hill.

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Related Topix: Metals, Mining, Opinion

Benzinga

S&P 500 Struggles To Hold 2,000 As Commodities Rebound

After starting the day higher, equity markets slowly sold off. Trading continues to be characterized by low volume and volatility.

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Related Topix: Financial Markets, World News, Africa, Libya, Mining, Metals, Construction, Toll Brothers, Hovnanian Enterprises, Accounting, Human Resources, Concur Technologies, Software

The Northern Miner

Start small with Ring of Fire infrastructure: Noront CEO

There's no question massive infrastructure will need to be built in order to mine the large chromite deposits in the Ring of Fire, says Noront Resources president and CEO Alan Coutts.

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Related Topix: Metals, Mining

Tue Sep 02, 2014

Theflyonthewall.com

Anglo American CEO sees iron-ore prices under pressure, WSJ says

Anglo American CEO sees iron-ore prices under pressure, WSJ says The CEO of miner Anglo American Mark Cutifani said he is worried about the outlook for iron-ore, says the Wall Street Journal.

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Related Topix: BHP Billiton, Mining, Metals, Companhia Vale do Rio Doce

Thu Aug 28, 2014

Benzinga

Williams-Sonoma Dips On Downbeat Q3 Forecast; Signet Jewelers Shares Jump

Midway through trading Thursday, the Dow traded down 0.31 percent to 17,069.84 while the NASDAQ declined 0.22 percent to 4,559.78.

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Related Topix: Retail, Household Products, WilliamsSonoma, Construction, Signet Jewelers, Regency Energy Partners LP, Mining, Metals, Goodlettsville, TN, Semiconductors, Microchip Technology, Electronics

TheStreet.com

Why Cliffs Natural Resources (CLF) Stock Is a 'Sell' at TheStreet

About 4.8 million shares of Cliffs Natural Resources were traded by 11 a.m., compared to an average trading volume of about 5.6 million shares a day.

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Related Topix: Metals, Mining, Financial Markets

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