GO
Loading...

Cliffs Natural Resources Inc

More

  • 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.

  • These companies are missing out on the rally Friday, 17 Oct 2014 | 10:57 AM ET
    Trader on the floor of the New York Stock Exchange.

    After six days of losses that shaved nearly 900 points off the Dow, markets rallied sharply on Friday. Not everyone took part, though.

  • Oct 17- Iron ore miner Cliffs Natural Resources Inc said it expects to take a $6 billion impairment charge on some coal and iron ore assets in the third quarter.

  • Short sellers are moving in...and cleaning up Friday, 17 Oct 2014 | 6:10 AM ET

    The turmoil in global equity markets this week might have left traders moving to safe havens, but some savvy investors have been loading up on the short side of the trade.

  • *Glencore approached Rio Tinto about a merger in July. *Rio says no talks with Glencore after rejecting bid. MELBOURNE/ LONDON, Oct 7- Rio Tinto has rejected a takeover approach from smaller rival Glencore Plc, snubbing a blockbuster deal that would have created a $160 billion mining and commodities trading giant.

  • *Glencore approached Rio Tinto about a merger in July. *No further talks with Glencore after rejecting bid-Rio. MELBOURNE, Oct 7- Rio Tinto rejected a merger approach from smaller rival Glencore Plc to create a $160 billion mining and trading giant in August just as the price of its most profitable product, iron ore, slid toward a five-year low.

  • Some of Monday's midday movers.