Cleveland Cliffs Newswire

Cleveland Cliffs Newswire

Comprehensive Real-Time News Feed for Cleveland Cliffs.

Results 1 - 20 of 190 in Cleveland Cliffs

  1. Does Sinking Cliffs Natural Resources Inc (CLF) Amid Iron Ore Glut Provide An Entry Point?Read the original story w/Photo

    Thursday | Insider Monkey

    Shares of the mining and natural resources company, Cliffs Natural Resources Inc have fallen more than 10% in the last two trading days owing to glum forecasts for the price of iron ore. Wolfe Research's Gordon Johnson argues that the spot iron ore prices are hovering around right now of $60/mt, will soon head for a downturn, crossing its multi-year low of $47/mt in the near future.

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  2. Wabush Mines worker pensions to be slashed, says Steelworkers unionRead the original story w/Photo

    Thursday | CBC News

    A Quebec court ruled last week that Cliffs Natural Resources does not have to keep making special payments to pension plans, including those held by workers at the Wabush Mines. Wabush Mines pensioners stand to lose a lot following a court ruling in Quebec, according to the Steelworkers union that represents them.

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  3. Stocks End Higher On Greece HopesRead the original story w/Photo

    Wednesday Jul 1 | Barron's

    Greece became the first advanced economy to default on an International Monetary Fund loan and the government vowed to go ahead with Sunday's referendum, but that has done little to dampen investors' enthusiasm. The Dow Jones Industrial Average rose 138.40 points, or 0.79%, to 17757.91.

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  4. Positive Catalysts Will Force This Miner HigherRead the original story w/Photo

    Tuesday Jun 30 | Seeking Alpha

    Any cash proceeds from a sale or partnership will be used by CLF to buy back discounted debt or equity. Although shares of Cliffs Natural Resources have not performed up to expectations since my first article at the end of January, I believe that the current market is discounting several possible catalysts that have the ability to drive the stock significantly higher in the near future.

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  5. Cliffs temporarily lays off 350 workers as part of Empire Mine shutdownRead the original story w/Photo

    Tuesday Jun 30 | WLUC-TV Negaunee

    Back in April, a Cliffs Natural Resources spokesperson attributed the shutdown to foreign steel imports being at historic levels, taking 34 percent of the finished steel market. During the shutdown, it's estimated that 350 employees will be laid off temporarily.

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  6. One Reason Cliffs Natural Resources (CLF) Stock is FallingRead the original story w/Photo

    Tuesday Jun 30 | TheStreet.com

    Australia's Department of Industry and Science cut its estimate by 10% to $54.40 per tonne from $64.40 per tonne due to weak outlook from China, the commodity's main market, Reuters reports. "China's steel production is forecast to contract in 2015 and 2016 as the seaborne supply of iron ore increases," the Department of Industry and Science said, Reuters noted.

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  7. Tuesday Sector Laggards: Metals & Mining, Non-Precious Metals & Non-Metallic Mining StocksRead the original story w/Photo

    Tuesday Jun 30 | Forbes.com

    In trading on Tuesday, metals & mining shares were relative laggards, down on the day by about 2.4%. Helping drag down the group were shares of Peabody Energy , off about 11.4% and shares of Cloud Peak Energy down about 6.6% on the day.

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  8. The arguments for Ex-Im no one can rebutRead the original story

    Monday Jun 29 | The Hill

    I appreciated the opportunity to testify earlier this month before the House Financial Services Committee on the value of the U.S. Export-Import Bank . While Chairman Jeb Hensarling and some others on the committee made explicit their opposition to renewing Ex-Im's charter, it was striking that no one was able to rebut my arguments about the indispensable role the bank plays in specific circumstances.

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  9. Cliffs Natural Resources Is A Sell Despite Debt And Cost Reduction MovesRead the original story w/Photo

    Sunday Jun 28 | Seeking Alpha

    Cliffs secured debt offering of $540 million at an interest rate of over 8.2%. The high interest rate will counterbalance the company's cost-cutting measures.

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  10. Cliffs Natural Resources: New Lows Ahead?Read the original story w/Photo

    Sunday Jun 28 | Seeking Alpha

    Iron ore prices have been steady this month. At the same time, shares of Cliffs Natural Resources found themselves under pressure and are trading close to multi-year lows.

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  11. Province approve Ring of Fire miner's EA work planRead the original story w/Photo

    Wednesday Jun 24 | Northern Ontario Business

    Ontario Environment and Climate Change Minister Glen Murray has approved the amendments to the terms of reference for Noront's proposed Eagle's Nest nickel and copper mine in the Far North Ring of Fire. Ontario Environment and Climate Change Minister Glen Murray has approved the amendments to the terms of reference for Noront's proposed Eagle's Nest nickel and copper mine in the Far North Ring of Fire.

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  12. Liberals failing to deliver on Ring of Fire, opposition saysRead the original story w/Photo

    Tuesday Jun 23 | The Toronto Star

    Experts say there are untold riches in the Ring of Fire but the real pot of gold sits untouched at Queen's Park. Not a dime of the $1 billion the provincial government has set aside to develop the mineral-rich area in northwestern Ontario has been spent.

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  13. In the Ring of Fire, it's goodbye Cliffs - hello, NorontRead the original story w/Photo

    Tuesday Jun 23 | Northern Life

    Noront president-CEO Alan Coutts expects provincial approvals for its Ring of Fire deposit to be forthcoming very soon. Supplied photo.

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  14. Province accepts Noront's terms of reference for Eagle's Nest mineRead the original story w/Photo

    Friday Jun 19 | Thunder Bay's Source

    The Ministry of the Environment confirmed on Friday they had accepted an amended environmental assessment terms of reference submitted by Noront Resources for their proposed Eagle's Nest mine. The terms of reference is the first step in the environmental assessment process.

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  15. Canadian mining industry feeling the sting from China's steel surplusRead the original story w/Photo

    Sunday Jun 21 | The Globe and Mail

    CWB Marquis off loads its cargo of 29,000 metric tonnes of iron ore pellets at the ArcelorMittal steel plant, in Hamilton. CWB Marquis off loads its cargo of 29,000 metric tonnes of iron ore pellets at the ArcelorMittal steel plant, in Hamilton.

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  16. Mid-Afternoon Market Update: Dow Surges Over 100 Points; Avalanche...Read the original story

    Tuesday Jun 16 | Benzinga

    Toward the end of trading Tuesday, the Dow traded up 0.70 percent to 17,916.25 while the NASDAQ climbed 0.64 percent to 5,062.11. The S&P also rose, gaining 0.60 percent to 2,096.90.

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  17. Pluton rattles foreign tin for IrvineRead the original story w/Photo

    Wednesday Jun 10 | Yahoo!

    Pluton Resources shareholders remain in the dark about a return to the trading boards, despite the company yesterday upping its offshore bond offering to a 50 million . The troubled iron ore miner was suspended from trading on the Australian Securities Exchange more than a year ago as it explored funding options for its Cockatoo Island mine amid mounting debts and a dispute with its Chinese joint venture partner that led to the appointment of receivers in November.

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  18. Junior miner confident of progress in Ring of FireRead the original story w/Photo

    Wednesday Jun 10 | Northern Ontario Business

    The head of the leading junior miner in the Ring of Fire feels it's getting close to obtaining provincial approval to advance to the next phase of developing its nickel-copper deposit in the James Bay lowlands. Al Coutts, president and CEO of Noront Resources, is expecting good news from the province within a few weeks on the much sought-after terms of reference on its environmental assessment report of its Eagle's Nest project.

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  19. Pilgrim's Pride: Value Trap?Read the original story w/Photo

    Tuesday Jun 9 | Seeking Alpha

    Plenty of research has been done here on SeekingAlpha and elsewhere on the fate of chicken plays like Pilgrim's Pride . Value investors have been drawn to the shares due to extraordinarily cheap valuation measures based on trailing results, such as P/E, EV/EBITDA, etc.

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  20. Short Interest in Cliffs Natural Resources Declines By 17.1%Read the original story

    Tuesday Jun 9 | AmericanBankingNews.com

    Shares of Cliffs Natural Resources saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 61,822,865 shares, a decrease of 17.1% from the April 30th total of 74,568,555 shares, AnalystRatings.NET reports. Approximately 44.3% of the shares of the company are sold short.

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