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Cleveland-Cliffs Inc (CLF.N)

CLF.N on New York Stock Exchange

9.80USD
21 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Cleveland-Cliffs' Nashwauk Land Acquisition Upheld In Court Ruling
Monday, 23 Jul 2018 

July 23 (Reuters) - Cleveland-Cliffs Inc ::CLEVELAND-CLIFFS’ NASHWAUK LAND ACQUISITION UPHELD IN COURT RULING.CLEVELAND-CLIFFS INC - EXPECTS TO BE ABLE TO UTILIZE ACQUIRED REAL ESTATE INTERESTS TO IMPLEMENT A FINANCIALLY SUSTAINABLE PLAN FOR SITE.  Full Article

Cleveland-Cliffs Posts Q2 EPS Of $0.76 From Continuing Operations
Friday, 20 Jul 2018 

July 20 (Reuters) - Cleveland-Cliffs Inc ::REPORTS SECOND-QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $0.76 FROM CONTINUING OPERATIONS.Q2 REVENUE $714 MILLION VERSUS I/B/E/S VIEW $645.1 MILLION.Q2 EARNINGS PER SHARE VIEW $0.52 -- THOMSON REUTERS I/B/E/S.CLEVELAND-CLIFFS - INCREASED FY SALES VOLUME EXPECTATION TO 21 MILLION LONG TONS.CLEVELAND-CLIFFS - 2018 DEPRECIATION, DEPLETION AND AMORTIZATION ASSOCIATED WITH U.S. IRON ORE, CORPORATE/OTHER EXPECTED TO BE ABOUT $80 MILLION.CLEVELAND-CLIFFS - FULL-YEAR 2018 U.S. IRON ORE CASH COST OF GOODS SOLD & OPERATING EXPENSE EXPECTATION IS BEING MAINTAINED AT $58 - $63 PER LONG TON.U.S. IRON ORE PELLET SALES VOLUME IN Q2 OF 2018 WAS 6 MILLION LONG TONS, 38 PERCENT INCREASE FROM SECOND-QUARTER 2017.CLEVELAND-CLIFFS - Q2 CASH COST OF GOODS SOLD AND OPERATING EXPENSE RATE IN U.S. IRON ORE $62.32 PER LONG TON VERSUS $59.30 PER LONG TON.  Full Article

Cleveland-Cliffs Responds To Report Issued By Mesabi Metallics Company
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Cleveland-Cliffs Inc ::CLEVELAND-CLIFFS INC - IS RESPONDING TO A REPORT ISSUED BY A COMPANY CALLED MESABI METALLICS COMPANY LLC.CLEVELAND-CLIFFS - NEITHER CO NOR HIBBING TACONITE JV HAS ANY IRON ORE AGREEMENT WITH MESABI OR ANY OTHER ENTITY OWNED OR OPERATED BY TOM CLARKE.CLEVELAND-CLIFFS - THERE HAVE BEEN NO DISCUSSIONS OR COMMUNICATION BETWEEN LOURENCO GONCALVES, CHAIRMAN, PRESIDENT AND CEO OF CLIFFS, AND TOM CLARKE.CLEVELAND-CLIFFS - ISSUES REGARDING OWNERSHIP AND MINING RIGHTS AT NASHWAUK SITE IN MINNESOTA CURRENTLY BEING LITIGATED IN BANKRUPTCY COURT.CLEVELAND-CLIFFS INC - WORKING WITH ITS LITIGATION COUNSEL TO CONSIDER ADDITIONAL LEGAL ACTION AGAINST MESABI METALLICS AND CLARKE.  Full Article

Cleveland-Cliffs Inc Q1 Revenue $239 Mln Vs $462 Mln
Friday, 20 Apr 2018 

April 20 (Reuters) - Cleveland-Cliffs Inc ::. REPORTS FIRST-QUARTER 2018 RESULTS.Q1 REVENUE $239 MILLION VERSUS $462 MILLION.Q1 REVENUE VIEW $182.1 MILLION -- THOMSON REUTERS I/B/E/S.QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.29.FY 2018 U.S. IRON ORE CASH COST OF GOODS SOLD AND OPERATING EXPENSE EXPECTATION WAS MAINTAINED AT $58 - $63 PER LONG TON.SEES 2018 U.S. IRON ORE REVENUES FROM PRODUCT SALES AND SERVICES $ 102 - $107 PER LONG TON.U.S. IRON ORE PELLET SALES VOLUME IN Q1 2018 WAS 1.6 MILLION LONG TONS, DECREASE FROM Q1 2017 VOLUME OF 3.1 MILLION.Q1 ASIA PACIFIC IRON ORE SALES VOLUME DECREASED 46 PERCENT TO 1.7 MILLION METRIC TONS, FROM 3.0 MILLION METRIC TONS IN Q1 OF 2017.SEES 2018 U.S. IRON ORE SALES VOLUME 20.5 MILLION LONG TONS.SEES 2018 U.S. IRON ORE PRODUCTION VOLUME 20.0 MILLION LONG TONS.2018 SUSTAINING CAPITAL EXPECTATION OF $85 MILLION WAS MAINTAINED.Q1 EARNINGS PER SHARE VIEW $-0.22 -- THOMSON REUTERS I/B/E/S.  Full Article

Cleveland-Cliffs Announces Pricing Of $400 Mln Of Senior Secured Notes Due 2024
Wednesday, 6 Dec 2017 

Dec 5 (Reuters) - Cleveland-Cliffs Inc ::CLEVELAND-CLIFFS INC. ANNOUNCES PRICING OF $400,000,000 OF SENIOR SECURED NOTES DUE 2024.CLEVELAND-CLIFFS - ‍SECURED NOTES WILL BEAR INTEREST AT AN ANNUAL RATE OF 4.875% AND WILL BE ISSUED AT A PRICE OF 99.347% OF THEIR PRINCIPAL AMOUNT​.  Full Article

Cleveland-Cliffs Announces Pricing Of $275 Mln Of Convertible Senior Notes Due 2025
Wednesday, 6 Dec 2017 

Dec 5 (Reuters) - Cleveland-Cliffs Inc ::. ANNOUNCES PRICING OF $275,000,000 OF CONVERTIBLE SENIOR NOTES DUE 2025.CLEVELAND-CLIFFS -‍CONVERTIBLE NOTES WILL BEAR INTEREST RATE OF 1.5% PER YEAR.‍CONVERTIBLE NOTES WILL BE SENIOR UNSECURED OBLIGATIONS OF CLIFFS​.  Full Article

Cleveland-Cliffs Inc. Announces Proposed Offering Of $275,000,000 Of Convertible Senior Notes Due 2025
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Cleveland-Cliffs Inc ::CLEVELAND-CLIFFS INC. ANNOUNCES PROPOSED OFFERING OF $275,000,000 OF CONVERTIBLE SENIOR NOTES DUE 2025.CLEVELAND-CLIFFS INC - TO USE PROCEEDS TO FINANCE A SUBSTANTIAL PORTION OF ITS HOT BRIQUETTED IRON CAPITAL PROJECT.  Full Article

Cleveland-Cliffs Inc. Announces Proposed Offering Of $400,000,000 Of Senior Secured Notes Due 2024
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Cleveland-Cliffs Inc ::CLEVELAND-CLIFFS INC. ANNOUNCES PROPOSED OFFERING OF $400,000,000 OF SENIOR SECURED NOTES DUE 2024.CLEVELAND-CLIFFS INC - TO OFFER TO SELL $400.0 MILLION SENIOR SECURED NOTES DUE 2024.  Full Article

Cleveland-Cliffs Q3 earnings per share $0.18
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Cleveland-cliffs Inc :Cleveland-Cliffs Inc. reports third-quarter 2017 results.Q3 earnings per share $0.18.Q3 revenue $698 million versus I/B/E/S view $670.9 million.Q3 earnings per share view $0.32 -- Thomson Reuters I/B/E/S.Cleveland-Cliffs Inc - ‍U.S. iron ore pellet sales volume in Q3 was 5.9 million long tons, an 11 percent increase compared to Q3 of 2016​.Cleveland-Cliffs Inc - full year 2017 capital expenditures budget has been maintained at $115 million​.Cleveland-Cliffs - Q3 Asia Pacific iron ore sales volume decreased 20 percent to 2.2 million metric tons, from 2.8 million metric tons in Q3 of 2016​.Cleveland-Cliffs - for ‍U.S. iron ore Cliffs full-year sales and production volume expectations were each reduced by 500,000 tons to 18.5 million long tons​.Cleveland-Cliffs Inc - ‍for 2018, Cliffs expects sales and production volumes of 20 million long tons for U.S. iron ore​.Cleveland-Cliffs Inc - ‍for 2018, Cliffs expects Asia Pacific iron ore sales and production volumes of 11 million tons​.Cleveland-Cliffs - ‍Cliffs' FY 2017 Asia Pacific iron ore sales and production volume expectations each reduced by 500,000 metric tons.Cleveland-Cliffs Inc - qtrly ‍net income increased by 290 percent to $53 million, including $89 million in debt extinguishment charges​.  Full Article

Cliffs Natural Resources director Fisher reports open market purchase of 4,000 shares of co's common stock $5.66 per share
Friday, 4 Nov 2016 

Cliffs Natural Resources :Director Robert Fisher reports open market purchase of 4,000 shares of co's common stock on Nov 3 at $5.66 per share - sec filing.  Full Article

BRIEF-Cleveland-Cliffs Inc Q1 Revenue $239 Mln Vs $462 Mln

* FY 2018 U.S. IRON ORE CASH COST OF GOODS SOLD AND OPERATING EXPENSE EXPECTATION WAS MAINTAINED AT $58 - $63 PER LONG TON