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Cleveland-Cliffs Inc (CLF.N)

CLF.N on New York Stock Exchange

11.05USD
19 Oct 2018
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$-0.43 (-3.75%)
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Latest Key Developments (Source: Significant Developments)

Cleveland-Cliffs Inc Q3 Earnings Per Share $1.41
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Cleveland-Cliffs Inc ::CLEVELAND-CLIFFS INC REPORTS THIRD-QUARTER 2018 RESULTS AND INITIATES QUARTERLY CASH DIVIDEND.Q3 EARNINGS PER SHARE $1.41.Q3 REVENUE $742 MILLION VERSUS I/B/E/S VIEW $721 MILLION.Q3 EARNINGS PER SHARE VIEW $0.66 -- THOMSON REUTERS I/B/E/S.COMPANY BEGINS CASH DIVIDEND OF $0.20 PER SHARE ON AN ANNUALIZED BASIS, TO BE PAID QUARTERLY.CLEVELAND-CLIFFS - U.S. IRON ORE PELLET SALES VOLUME IN Q3 OF 2018 WAS 6.5 MILLION LONG TONS, UP 10 PERCENT FROM THIRD-QUARTER 2017."EXPECT CURRENT STRONG MARKET CONDITIONS TO SUPPORT OUR STRONG PROFITABILITY THROUGH NEXT QUARTER AND INTO 2019".  Full Article

USW Members Vote To Ratify 4-yr Contract With Cleveland-Cliffs
Friday, 12 Oct 2018 

Oct 12 (Reuters) - Cleveland-Cliffs Inc ::USW MEMBERS VOTE TO RATIFY FOUR-YEAR CONTRACT WITH CLIFFS.UNITED STEELWORKERS - AGREEMENT RAISES WAGES FOR WORKERS AT MICHIGAN, MINNESOTA IRON ORE MINES.UNITED STEELWORKERS - MEMBERS OF USW UNION VOTED BY 10-TO-1 MARGIN TO RATIFY 4-YEAR CONTRACT WITH CLEVELAND CLIFFS.  Full Article

Cleveland-Cliffs to Record Reversal Of Currency Translation Adjustment in Q3
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Cleveland-Cliffs Inc ::CLEVELAND-CLIFFS - AS A RESULT OF SALE, IN Q3 CO WILL BE RECORDING A REVERSAL OF ITS CURRENCY TRANSLATION ADJUSTMENT.CLEVELAND-CLIFFS- ADJUSTMENT WILL RESULT IN POSITIVE CONTRIBUTION TO NET INCOME OF ABOUT $0.75/SHARE IN Q3.  Full Article

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

UPDATE 1-'You are an embarrassment': Miner Cleveland-Cliffs' CEO blasts financial analysts

Oct 19 Iron ore producer Cleveland-Cliffs Inc Chief Executive Officer Lourenco Goncalves slammed Wall Street financial analysts on Friday, saying some of them were an "embarrassment" and did not understand his company's business.