Companies /Basic Materials

Cleveland-Cliffs Inc

NYSE: CLF Steel
$11.01
▼ $0.21 (−1.87%) today
Markets closed · 12:57am ET

CLF Coverage Page 14

9:43am ET
Commodities & Metals

Taking Stock of Massey’s Options (MEE, BTU, CLF)

Last April’s mine explosion at the Upper Big Branch mine killed 29 miners in the worst coal mining disaster in 40 years. Massey Energy Co. (NYSE: MEE), the mine’s owner, has taken…

Jon C. Ogg
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