Editor’s Note: Cliffs Natural Resources Inc (NYSE:CLF), AK Steel Holding Corporation (NYSE:AKS)
Cliffs Natural Resources Announces Sustainability Report (Net Newsledger)
Cliffs continues to work toward the Ring of Fire chromite project in Northwestern Ontario. This week, Cliffs Natural Resources Inc. announced the release of its 2012 sustainability report, entitled “Embracing our Past, Securing our Future.” The sustainability report is a comprehensive look at Cliffs’ global operations and outlines the Company’s progress in key areas of its sustainability strategy.
Cliffs signs deal with AK Steel (Prairie Business)
Cliffs Natural Resources Inc (NYSE:CLF) says it has reached an agreement to provide taconite pellets to steel-producing giant AK Steel Holding Corporation (NYSE:AKS) through 2023. The agreement extends a previous contract that runs through 2014. Cliffs said Tuesday the supply agreement is tied to a moving price index based on changing iron ore prices and producer price indices. Cliffs won’t say which of its mines supplies AK mills.
Cliffs Natural Resources Gains 4% on AK Steel Contract (Barron’s)
Shares of Cliffs Natural Resources Inc (NYSE:CLF) have gained 3.6% to $22.15 this morning after the iron miner signed a contract with AK Steel (AKS). Credit Suisse analysts Nathan Littlewood and Hubert Dagbo provide their typically bearish outlook on Cliffs although, this time, tinged with hope. Cliff’s gain puts it atop the S&P 500 today.
Cliffs makes donation to youth center (Independentherald.com)
Cliffs Natural Resources Inc (NYSE:CLF) presented a $5,000 check to The Way Youth Center in Mullens on Tuesday morning. The center held a rummage sale to raise money this summer. Cliffs matched the amount raised—and added some more. Jim Kosowski of Cliffs said the company has been a supporter of the center from its beginning and also helped provide funds for the renovations needed before it opened.
Stocks on Trader’s Radar – Las Vegas Sands Corp.(NYSE:LVS), Materials Select Sector SPDR(NYSEARCA:XLB), Cliffs Natural Resources Inc(NYSE:CLF), Target Corporation(NYSE:TGT) (SBWire)
Cliffs Natural Resources Inc (NYSE:CLF) volume of the stock was 5.88 million shares in the most recent session and the average volume remained 8.87 million shares. The stock plunged -4.85% and finished the prior session at the closing price of $21.38. The stock traded 5.88 million shares in its previous trading session and its average volume remained 8.87 million shares. Cliffs Natural Resources Inc. is an international mining and natural resources company. The Company is an iron ore producer and a producer of metallurgical coal. The Company’s operations are organized according to product category and geographic location: U.S.
