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Cliffs Natural Resources Inc (CLF) Updates: Prefeasibility Study, Application, Dividends & More

Editor’s Note: Cliffs Natural Resources Inc (NYSE:CLF)

First Point Minerals Decar nickel project to proceed to Prefeasibility Study phase (SteelGuru)
First Point Minerals Corp announced that Cliffs Natural Resources Exploration Canada Inc, an affiliate of Cliffs Natural Resources Inc (NYSE:CLF), has elected to proceed to the Prefeasibility Study phase at the Decar nickel iron alloy project in central British Columbia. By sole funding completion of a NI 43 101 compliant Prefeasibility Study by August 2015, Cliffs has the option to earn an additional 5% interest in the Decar project. By making the election to proceed to the Prefeasibility Study phase, Cliffs also maintains the right to earn a further 10% interest in the Decar project by sole funding a Bankable Feasibility Study.

Cliffs Natural Resources Inc (NYSE:CLF)

Cliffs Natural Sets Preferred Dividends (DailyFinance)
Iron ore miner Cliffs Natural Resources Inc (NYSE:CLF) announced today it will pay a dividend on its 7.00% Series A mandatory convertible preferred stock of $17.50 per share, which is equivalent to approximately$0.4375 per depositary share, each representing 1/40th of a share of Series A preferred stock. The board of directors said the preferred dividend is payable on November 1 to holders of record at the close of business on October 15. The miner also pays a regular dividend payment equating to a $0.60-per-share annual dividend, yielding 2.5% based on the closing price today of Cliffs Natural Resources’ stock.

Cliffs application for easement dismissed (The Sudbury Star)
The Ontario Mining and Lands Commissioner has dismissed an application by a subsidiary of Cliffs Natural Resources Inc (NYSE:CLF) for an easement to allow the company to build an all-weather road over mining claims staked by KWG Resources. The 43-decision was rendered Tuesday, after several days of hearings held in February relating to the application for the easement by 2274659 Ontario Inc. That applicant was seeking an order to dispense with the consent of Canada Chrome Corporation, a subsidiary of KWG Resources In., for easement over its claims staked from Exton to the Ring of Fire in the James Bay Lowlands.

Cliffs Natural Resources Inc. (NYSE:CLF) and Chesapeake Energy Corporation (NYSE:CHK) Added to Growing Stock Report’s NYSE Active Stock Watch List. (SBWire)
Cliffs Natural Resources Inc (NYSE:CLF) a mining and natural resources company that engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal closed up in its previous session (+2.63%) on 9,580,021 shares traded after Cliffs Natural Resources Inc. Declared Quarterly Cash Dividend on Preferred Shares. Cliffs Natural Resources Inc. (NYSE:CLF) is currently up (+55.03%) from its recent 52-week low which has prompted Growing Stock Report to add the stock to their NYSE Active Stock Watch List.

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