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BRIEF-Cliffs Natural Resources announces agreements with Minnesota Power
May 24, 2016 / 12:21 PM / a year ago

BRIEF-Cliffs Natural Resources announces agreements with Minnesota Power

May 24 (Reuters) - Cliffs Natural Resources Inc :

* Announces agreements with Minnesota Power

* Will receive $31 million dollars in cash as part of long-term purchased power arrangement for its Northshore operation

* Has extended regulated power arrangements with Minnesota Power for 10 years at its united taconite and babbitt facilities

* Stated that supply agreement will not involve any immediate staff reductions at its silver bay power plant Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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