Cliffs Natural Resources Inc. is an international mining and natural resources company. The Company is an iron ore producer and a producer of metallurgical coal. The Company’s operations are organized according to product category and geographic location: U.S. Iron Ore, Eastern Canadian Iron Ore, North American Coal, Asia Pacific Iron Ore, Asia Pacific Coal, Latin American Iron Ore, Ferroalloys, and its Global Exploration Group.
The Company operates in four segments: U.S. Iron Ore, Eastern Canadian Iron Ore, North American Coal and Asia Pacific Iron Ore. In the United States, it operates five iron ore mines in Michigan and Minnesota, five metallurgical coal mines located in West Virginia and Alabama and one thermal coal mine located in West Virginia. It also operates two iron ore mines in Eastern Canada that primarily provide iron ore to the seaborne market for Asian steel producers. On May 12, 2011, the Company completed the acquisition of Consolidated Thompson Iron Mining Limited.
Cliffs Natural Re (NYSE:CLF) is very active today and traded between $36.16 - 40.22 with total traded volume of 15960102 shares. At a current price of 39.91, CLF is +5.05 - +14.49% from the previous close of $34.86. Moreover, At Current Market Price, CLF is in distance of -1.54% from its 50-day Moving Average price of $40.5337 and -25.69% from its 200-day Moving Average price of $53.7071.
Cliffs Natural (CLF), the largest U.S.
iron-ore producer, rallied 14 percent to $39.91. Caterpillar, the world’s
largest maker of construction and mining machines, rose 3.9 percent to $88.10.
Alpha Natural, the second-largest U.S. coal producer, surged 17 percent to
$6.90 for the biggest advance in the S&P 500. In addition to improved prospects
for economic stimulus, the mining company got a boost in its labor
negotiations. United Steelworkers of America officials said the union had
agreed to work beyond a Sept. 1 contract deadline and return to the bargaining
table on Oct. 8. The contract covers 22,000 workers.
