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Latest Ore dock Stories

2008-10-28 12:00:30

Cliffs Natural Resources Inc. (NYSE: CLF), a global mining and natural resources company, today reported that it has initiated production curtailments at two of its six North American Iron Ore mines. Cliffs indicated that the curtailments were necessary to bring production levels in line with demand. Cliffs will temporarily idle two small pellet furnaces at Northshore Mining and one small pellet furnace at United Taconite. Both locations are in Minnesota. On a combined basis, the three...

2008-07-14 09:00:52

Cleveland-Cliffs Inc (NYSE: CLF) today announced that it has acquired United Mining Co. Ltd.'s 30% interest in United Taconite (UTAC), an iron ore mining and pelletizing operation located in Eveleth, Minn. Cliffs previously owned a 70% interest in the joint venture and after completing the purchase now has 100% ownership. Consideration will be a mix of cash, stock and iron ore pellets. The total includes $100 million in cash and 1,529,619 Cleveland-Cliffs common shares. In addition, the...


Word of the Day
abrosia
  • Wasting away as a result of abstinence from food.
The word 'abrosia' comes from a Greek roots meaning 'not' and 'eating'.