Cliffs Natural Resources Inc. (CLF)

Cliffs Natural Resources Inc. produces iron ore pellets and supplies metallurgical coal to the steelmaking industry primarily in North America. It operates six iron ore mines in Michigan, Minnesota, and Eastern Canada; and two coking coal mines in West Virginia and Alabama. The company also owns Portman Limited, an iron ore mining company in Australia. In addition, it has a 30% interest in the Amapa Project, a Brazilian iron ore project; and a 45% economic interest in the Sonoma Project, an Australian coking and thermal coal project. The company was formerly known as Cleveland-Cliffs Inc and changed its name to Cliffs Natural Resources Inc. in October, 2008. Cliffs Natural Resources was founded in 1847 and is headquartered in Cleveland, Ohio.

For the nine months ended 30 September 2006, Cleveland-Cliffs Inc.'s revenues increased 8% to $1.37B. Net income from continuing operations before accounting change applicable to Common increased 1% to $205.6M. Revenues reflect an increase in iron ore income and higher freight & venture partner's cost reimbursements. Net income was partially offset by higher executive compensation and the absence of casualty insurance recoveries.