Companies /Basic Materials

Cleveland-Cliffs Inc

NYSE: CLF Steel
$11.84
â–² $0.30 (+2.56%) today
Markets closed · 4:39pm ET

CLF Coverage

Page 14
10:50am ET
Commodities & Metals

New Pricing Scheme for Iron Ore Attacked

For the past 40 years, the price of iron ore has been set annually in a negotiated deal between miners and buyers. Typically, the first large customer to cut a deal with…

Douglas A. McIntyre
8:58am ET
Commodities & Metals

China Seeks Even Cheaper Iron Ore (RTP, CLF)

The deal between Rio Tinto plc (NYSE: RTP) and Japan’s Nippon Steel that cut the Japanese company’s iron ore price by a third does not appear to be acceptable to China’s steelmakers.…

CLF
Douglas A. McIntyre
7:55am ET
Commodities & Metals

Making Steel Just Got Cheaper (RTP, CLF, MT)

UK-based miner Rio Tinto plc (NYSE:RTP) has announced a pricing agreement with Japan’s Nippon Steel for iron ore for the contract year beginning April 1, 2009. The new prices are about 33%…

Douglas A. McIntyre
7:51am ET
Commodities & Metals

At Cliffs, Everybody Sacrifices in Prosperity (CLF, ANR, FCL)

In the wake of a poor first quarter report, iron ore producer Cliffs Natural Resources Inc. (NYSE:CLF), formerly known as Cleveland-Cliffs, has tightened its belt and the belts of all its shareholders.…

CLF
Douglas A. McIntyre
7:46am ET
Commodities & Metals

Coal Fields Merger Creates Big Player (ANR, FCL, CLF, KOL)

Today’s announcement of a merger between Alpha Natural Resources, Inc. (NYSE: ANR) and Foundation Coal Holdings, Inc. (NYSE: FCL) creates the third-largest coal producer in the US. The all-stock deal is worth…

CLF
Douglas A. McIntyre
9:40am ET
Jobs

Cliffs Closes Coal Mine (CLF, PCX, CNX)

After the market closed on Friday, Cliffs Natural Resources, Inc. (NYSE:CLF) announced that it was closing its Pinnacle Mine in West Virginia for the month of February. About 360 employees "will be…

Douglas A. McIntyre
8:58am ET
Investing

Cliffs, Alpha Scrap Merger Plans (CLF, ANR)

Two weeks ago, Cliffs Natural Resources (NYSE:CLF) pushed out its shareholder vote on a merger with Alpha Natural Resources (NYSE:ANR) to mid-December. Alpha promptly filed suit, seeking to force Cliffs to stick…

CLF
Douglas A. McIntyre
10:13am ET
Investing

Cliffs Natural Resources: Trouble in Mergertown (CLF, ANR)

The proposed merger between Cliffs Natural Resources (NYSE:CLF) and Alpha Natural Resources (NYSE:ANR) has run over more than a few bumps. Cliffs’ largest shareholder, Harbinger Capital, tried to acquire enough shares to…

CLF
Douglas A. McIntyre
11:47am ET
Jobs

Cliffs Winning Strategy: Shutter Mines (CLF, ANR)

Newly-named Cliffs Natural Resources Inc. (NYSE:CLF) is slowing production at two of its Minnesota iron ore mines in order "to bring production in line with demand." Three furnaces capable of producing 300,000…

CLF
Douglas A. McIntyre