cliffs natural resources inc (CLF) Key Developments
Essar Steel Algoma Reaches Agreement with Cliffs Natural Resources Inc
Jun 13 13
Essar Steel Algoma Inc. announced that it has reached an agreement with Cliffs Natural Resources Inc. The Agreement sets out the terms and conditions of a negotiated amendment and extension of the current Pellet Sale and Purchase Agreement which was scheduled to expire 2016. Among other things, the Agreement addresses issues that have arisen related to market price dynamics and extends Essar's supply agreement with Cliffs for a portion of its iron ore requirements from 2017 through to 2024.
Cliffs Natural Resources Inc. Announces Board Changes
Jun 12 13
Cliffs Natural Resources Inc. announced that Francis McAllister, lead director, has elected to retire from the company's board of directors effective immediately. Mr. McAllister has served on Cliffs' board since 1996. The Board of Directors further announced that it had elected James F. Kirsch, former chairman, president and chief executive officer of Ferro Corporation, to be its lead director coinciding with its July 2013 Board meeting. Mr. Kirsch was elected to the Cliffs board of directors in 2010 and currently, serves on two board committees, Compensation and Organization, and Governance and Nominating.
Cliffs Natural Resources Inc. Presents at RBC Capital Markets Global Mining & Materials Conference, Jun-18-2013
May 23 13
Cliffs Natural Resources Inc. Presents at RBC Capital Markets Global Mining & Materials Conference, Jun-18-2013 . Venue: Boston Harbor Hotel, Boston, Massachusetts, United States.
Cliffs Natural Resources Inc. Approves Amendment to the Articles of Incorporation
May 13 13
Cliffs Natural Resources Inc. announced that the 2013 Annual Meeting of Shareholders of the Company was held on May 7, 2013. The meeting adopted amendment to the company's Second Amended Articles of Incorporation to adopt majority voting in uncontested director elections, amendment to the company's Second Amended Articles of Incorporation to eliminate cumulative voting in director elections. On May 7, 2013, the Board of Directors approved the Third Amended Articles of Incorporation. On May 13, 2013, the company filed the Third Amended Articles with the
Secretary of State of the State of Ohio. The Third Amended Articles consolidate all amendments previously on file with the Ohio Secretary of State inclusive of the Second Amended Articles of Incorporation through the Certificate of Amendment to the Second Amended Articles of Incorporation.
Cliffs Natural Resources Inc. Declares Quarterly Cash Dividend on Common Shares, Payable on June 03, 2013; Declares Quarterly Cash Dividend on Preferred Shares, Payable on August 01, 2013
May 7 13
The Board of Directors of Cliffs Natural Resources Inc. declared a quarterly cash dividend on common shares of $0.15 per share. The cash dividend will be payable on June 3, 2013, to shareholders of record as of the close of business on May 17, 2013.
The company's Board of Directors declared a quarterly cash dividend on the company's 7.00% Series A Mandatory Convertible Preferred Stock, Class A, of $17.50 per share, which is equivalent to approximately $0.44 per depositary share, each representing 1/40th of a share of Series A preferred stock. The cash dividend will be payable on August 1, 2013 to shareholders of record as of the close of business on July 15, 2013.