|Exchange:||New York Stock Exchange|
|Stock:||Cliffs Natural Resources Inc|
|Industry:||Industrial Metals & Minerals|
|Cliffs Natural Resources Inc., was founded in 1847, is a producer of iron ore pellets in North America. It is an international mining and natural resources company. The Company is a producer of iron ore pellets in North America, a major supplier of direct-shipping lump and fines iron ore out of Australia, and a significant producer of metallurgical coal. With core values of environmental and capital stewardship, its colleagues across the globe endeavor to provide all stakeholders operating and financial transparency as embodied in the GRI framework. Its company’s operations are organized according to product category and geographic location: North American Iron Ore, North American Coal, Asia Pacific Iron Ore, Asia Pacific Coal and Latin American Iron Ore. In North America, it operates six iron ore mines in Michigan, Minnesota and Eastern Canada, and two coking coal mining complexes located in West Virginia and Alabama. Its Asia Pacific operations are comprised of two iron ore mining complexes in Western Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore, and a 45 percent economic interest in a coking and thermal coal mine located in Queensland, Australia. In Latin America, it has a 30 percent interest in a Brazilian iron ore project. In addition, it has recently established a global exploration group, under which it has several projects and potential opportunities to diversify its products, expand its production volumes, extend its mine lives and develop large-scale ore bodies through early involvement in exploration and development activities globally. Throughout the world, the company competes with major and junior mining companies, as well as metals companies, both of which produce steel making raw materials, including iron ore and metallurgical coal. The North American coal industry remains highly fragmented and competitive, with Alpha Natural Resources, Inc., Patriot Coal Corporation, CONSOL Energy Inc., Arch Coal, Inc., Walter Energy, Inc., Peabody Energy Corp. representing the five largest producers. In the Asia Pacific marketplace, Cliffs competes with major iron ore exporters from Australia, Brazil and India. These include Anglo American, Vale, Rio Tinto, BHP Billiton and Fortescue Metals Group Ltd., among others. Its mining and exploration activities are subject to various laws and regulations governing the protection of the environment.|
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