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Cliffs Natural Resources Inc

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  • NYSE stocks posting largest percentage decreases Wednesday, 17 Dec 2014 | 1:17 PM ET

    NEW YORK— A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:. Ruby Tuesday fell 16.4 percent to $6.79. Cliffs Natural Resources Inc. fell 5.7 percent to $6.41.

  • Dec 3- Cliffs Natural Resources Inc said it expects to record a pretax loss of $375 million to $425 million on the sale of its Logan County coal assets in West Virginia in the fourth quarter. The miner said on Wednesday it would sell the assets to Coronado Coal II LLC for $175 million in cash along with the assumption of certain liabilities. Deutsche Bank Securities...

  • Dec 3- Cliffs Natural Resources Inc said it expects to record a pretax loss of $375 million to $425 million on the sale of its Logan County coal assets in West Virginia in the fourth quarter.

  • Cliffs Natural expects loss of $375 mln-$425 mln in Q4 Wednesday, 3 Dec 2014 | 6:19 AM ET

    Dec 3- Cliffs Natural Resources Inc said it expects to record a loss of $375 million to $425 million on a pretax basis in the fourth quarter as it sells some assets in West Virginia to repay debt.

  • Midday movers: Intel, Toyota, Petrobras & more Friday, 21 Nov 2014 | 12:25 PM ET
    Trader on the floor of the New York Stock Exchange.

    Take a look at some of Friday's midday movers:

  • Quebec's ambitious Plan Nord mineral project goes south Thursday, 20 Nov 2014 | 5:54 PM ET

    MONTREAL/ VANCOUVER, Nov 20- A plan by the Canadian province of Quebec to spend billions to develop the mineral riches of its northern region has been dealt a crippling blow by the pending closure of a major mine as iron ore prices sink and China's interest wanes. But Plan Nord took a big hit on Wednesday, when Cliffs Natural Resources said it is closing its Bloom Lake...

  • Nov 19- U.S.-based Cliffs Natural Resources may seek creditor protection in Canada to insulate itself from closure costs and liabilities at its Canadian operations, its chief executive said on Wednesday. Lourenco Goncalves, who took the helm at Cliffs in August, told Reuters a filing in Canada to protect it from liabilities related to its Canadian operations...

  • Midday movers: Target, JetBlue, Qualcomm & more Wednesday, 19 Nov 2014 | 1:09 PM ET

    Some of Wednesday's midday movers:

  • *May close Bloom Lake mine in Quebec. Nov 19- Cliffs Natural Resources Inc said it may have to close its Bloom Lake iron ore mine in Quebec at a cost of $600 million to $700 million as it struggles to find investment to expand the project. Analysts said the cost of shutting down Bloom Lake, which Cliffs expects to recognize over five years, was a major concern for...

  • *Oplink jumps, to be bought by Koch Industries' subsidiary. *Lowe's, Target shares rise after results. *Cliffs Natural Resources shares slide.

  • US STOCKS-Wall St to dip at open, Fed minutes eyed Wednesday, 19 Nov 2014 | 9:11 AM ET

    *Oplink jumps, to be bought by Koch Industries' subsidiary. *Cliffs Natural Resources shares slide. NEW YORK, Nov 19- U.S. stocks were set to open slightly lower on Wednesday following record closing highs for both the Dow and S&P 500 and ahead of minutes from the most recent Federal Reserve policy meeting.

  • UPDATE 2-Cliffs may close Bloom Lake iron ore mine Wednesday, 19 Nov 2014 | 8:37 AM ET

    *May close Bloom Lake mine in Quebec. Nov 19- Cliffs Natural Resources Inc said it may have to close its Bloom Lake iron ore mine in Quebec, weeks after it revealed that three "big steelmakers" were in talks to invest in the project. "Despite the continued interest of the prospective equity partners in Bloom Lake... the potential investment is not achievable within a time...

  • *Cliffs Natural Resources shares slide. NEW YORK, Nov 19- U.S. stock index futures were little changed on Wednesday following record closing highs for both the Dow and S&P 500 and ahead of housing data and minutes from the most recent Federal Reserve policy meeting. *Cliffs Natural Resources said it was looking to exit its Eastern Canadian iron ore operations,...

  • Nov 19- Cliffs Natural Resources Inc said it was looking to exit its Eastern Canadian iron ore operations, which may result in the closure of its Bloom Lake mine in Quebec. "Despite the continued interest of the prospective equity partners in Bloom Lake... the potential investment is not achievable within a time frame acceptable to Cliffs," Chief Executive Lourenco...

  • Cliffs looking to exit Canadian iron ore operations Wednesday, 19 Nov 2014 | 6:22 AM ET

    Nov 19- Cliffs Natural Resources Inc said it was looking to exit its Eastern Canadian iron ore operations, which may result in the closure of its Bloom Lake mine in Quebec.

  • MONTREAL, Nov 6- A train operated by Rio Tinto Plc's Iron Ore Company of Canada derailed in Quebec and its single operator was missing following an apparent landslide, the Canadian iron ore miner said on Thursday. Early information indicated a landslide had caused the derailment of the train, which was transporting empty cars from Sept-Îles, Quebec.

  • Cliffs had a very intense earnings conference call Wednesday, 29 Oct 2014 | 5:18 PM ET
    A Wells Fargo bank branch in New York City.

    Cliffs Natural Resources CEO Lourenco Goncalves refused to answer questions from a Wells Fargo analyst on Tuesday during an earnings conference call.

  • Oct 28- Shares of Cliffs Natural Resources Inc shot up as much as 25 percent after the miner said it had "more than enough" liquidity and that it was in talks with three "big steelmakers" to invest in its Bloom Lake iron ore mine in Quebec. Chief Executive Lourenco Goncalves told Reuters that Cliffs was in "active talks" with three equity partners to invest in the...

  • Oct 20- Coal miner Peabody Energy Corp reported a much lower-than-expected quarterly loss as it controlled costs in Australia amid falling prices. Coal miners are struggling from a drop in demand for steel-making coal and a rail jam in the United States which hampers their efforts to ride on a recovery in thermal coal demand. Cliffs Natural Resources Inc said...

  • Oct 17- Cliffs Natural Resources Inc said it would write down the value of its coal and iron ore assets by $6 billion due to weak prices, putting it in breach of debt covenants and sending its shares down as much as 6.8 percent. We believe this will result in higher interest rate on revolver borrowings going forward, " FBR Capital Markets analysts wrote in a note.