Rochester, NY 7/10/2009 7:43:18 AM
After Market Report - CLF - Cliffs defers iron ore sale, extends plant closure
Cliffs Natural Resources Inc.,CLF
After Market Report - CLF - Cliffs defers iron ore sale, extends plant closure
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Cliffs Natural Resources Inc.,CLF
Last Trade: 20.79
Day's Range: 20.60 - 21.51
52wk Range: 11.80 - 116.14
Volume: 3,948,736
COMPANY "In The News"
Mining company Cliffs Natural Resources Inc. said Thursday that at a customer's request, it expects to defer about one million tons of iron ore pellet sales to the first quarter of 2010. The move brings the company's full-year contractual obligations to 17 million tons of iron ore pellets, down from 22.8 million tons in 2008.
COMPANY DETAILS
Cliffs Natural Resources Inc. produces iron ore pellets and supplies metallurgical coal to the steelmaking industry primarily in North America. It operates six iron ore mines in Michigan, Minnesota, and Eastern Canada; and two coking coal mines in West Virginia and Alabama. The company also owns Portman Limited, an iron ore mining company in Australia. In addition, it has a 30% interest in the Amapa Project, a Brazilian iron ore project; and a 45% economic interest in the Sonoma Project, an Australian coking and thermal coal project. The company was formerly known as Cleveland-Cliffs Inc and changed its name to Cliffs Natural Resources Inc. in October, 2008. Cliffs Natural Resources was founded in 1847 and is headquartered in Cleveland, Ohio.
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