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Cliffs Natural Resources Inc. (CLF)

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Moderator: DewDiligence, Saving Grace
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Last Post: 5/23/2017 3:10:47 PM - Followers: 110 - Board type: Free - Posts Today: 0

Additional discussion of CLF, its competitors, and the
industries in which it operates may be found on the board,
Natural Resources / The Global Demographic Tailwind.

CLF Investor Relations

March 15, 2017 Dear Fellow Shareholder, 

2016 is the year the turnaround of Cliffs Natural Resources was completed. That was done despite significant challenges in the international iron ore market and in the domestic steel industry. The strategic way implemented since August 2014 has proven itself very effective, and there is ample evidence that we are moving forward on the course we set two years ago. 

Our financial progress in 2016 has enabled us to improve our competitiveness and enhance our ability to deliver value for our shareholders. Through several well-timed liability management transactions, we reduced principal debt outstanding by nearly $640 million dollars, just by pairing our conviction in our bright future with the opportunity to buy back bondsat deep discounts. Even more important, throughout 2016 our focus on cost reduction and operating efficiencies across our operations drove great operational results for the year, and that supported all the rest. While there is still work to do, we ended the year with strong cash flow. In summary, we delivered an excellent year for Cliffs in 2016 and laid a strong foundation to take full advantage of a healthier market environment for iron ore and steel in 2017. 

At this time, I would like to thank each one of the Cliffs’ shareholders that stayed with us through the bad times and in to the good times. Our CLF shares appreciated 432% in 2016, which was the second highest gain among the more than 3,000 companies listed on the NYSE in 2016. CLF was also the best performing stock among all Metals and Mining companies for the year. Last but not least, we outperformed every company in the S&P 500. Overall, Cliffs’ shares had their best performing year in our 56-year history on the NYSE. 

2017 marks Cliffs’ 170 th year as a company. The significance of this milestone cannot be over-emphasized. How many U.S. companies can state that they have been instrumental in building and shaping our society since 1847? Not many. Today as a stronger company, we are well positioned to reap the benefits of our strategy implemented over the past two years. 

As stewards of the company and its assets, we are committed to acting in the best interests of all Cliffs’ shareholders. I would like to take this opportunity to thank all of you, our fellow shareholders, for your support as we took the bold steps necessary in pursuit of our strategy. We know we have more work to do. I am grateful for your far-sighted investment in our great company and continued trust in Cliffs. 

Lourenco Goncalves 
Chairman, President and Chief Executive Officer 
Cliffs Natural Resources Inc. 

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Current Price
Bid Ask Day's Range
CLF News: Cliffs Natural Resources Inc. Begins Production of New ‘Mustang’ Iron Ore Pellet at its United Taconite Mine 05/16/2017 05:31:00 PM
CLF News: Current Report Filing (8-k) 05/04/2017 02:22:45 PM
CLF News: Cliffs Natural Resources Inc. Clarifies Material Misstatements from Barron's and Axiom Capital Management 05/04/2017 02:05:00 PM
CLF News: Statement of Changes in Beneficial Ownership (4) 05/04/2017 08:18:14 AM
CLF News: Statement of Changes in Beneficial Ownership (4) 05/04/2017 08:18:14 AM
#2845  Sticky Note List of $1.4B insider buys (including LG's $1.3M) DewDiligence 05/04/17 10:51:03 AM
#2618  Sticky Note March 15, 2017 Dear Fellow Shareholder, Saving Grace 03/03/17 12:18:48 PM
#2873   Steel stocks running and shorties gonna get squeezed BigT82 05/23/17 03:10:47 PM
#2872   Agreed 100%. I am looking forward to your KennyPro 05/19/17 08:29:16 AM
#2871   I agree. Swine Pablo 05/19/17 08:25:32 AM
#2870   I think they MUST get the Tax reform KennyPro 05/19/17 08:17:57 AM
#2869   Good article today from Credit Suisse. They are Swine Pablo 05/18/17 07:33:17 PM
#2868   added another 850 shares today. how positive is Nebuchadnezzar 05/18/17 06:39:17 PM
#2867   Big project DONE! On schedule, and on price PolishPowerplayer 05/17/17 11:11:38 AM
#2866   Thanks for sharing that dew...I LOVE these guys! KennyPro 05/16/17 09:46:13 PM
#2865   CLF starts production of ‘Mustang’ pellets: DewDiligence 05/16/17 08:58:24 PM
#2864   if I goes lower I will continue to Nebuchadnezzar 05/16/17 08:16:54 PM
#2863   I agree on all counts. With new policies KennyPro 05/14/17 03:20:53 PM
#2862   well here is how I see it playing Nebuchadnezzar 05/14/17 02:10:00 PM
#2861   It would seem the prudent thing to do KennyPro 05/12/17 09:13:20 PM
#2860   adding as it goes lower Nebuchadnezzar 05/12/17 08:30:33 PM
#2859   Might be a very good opportunity to add KennyPro 05/11/17 08:34:19 AM
#2858   China Iron Ore Prices Crash Through Key Support greasemonkeyshoes 05/10/17 11:33:20 PM
#2857   DewDiligence, Saving Grace... deniseann 05/10/17 02:07:10 PM
#2856   Also, there is no "u" in Axiom Capital... deniseann 05/10/17 01:27:00 PM
#2855   Does Axioum have any relevance to Cliffs..? deniseann 05/10/17 10:36:10 AM
#2853   Class Action Against Axioum Capital for loss to Saving Grace 05/08/17 07:20:19 PM
#2852   Thanks for the input, just trying to make deniseann 05/08/17 10:57:26 AM
#2851   "I don't take CLF's statement at face value." Rocky3 05/07/17 06:07:03 PM
#2850   I don't take CLF's statement at face value. DewDiligence 05/05/17 05:07:45 PM
#2849   "As a result of these statements, Cliffs has Rocky3 05/05/17 01:27:49 PM
#2848   Thanks for sharing... An exerpt from yesterdeays 8-K form... deniseann 05/05/17 12:27:06 PM
#2847   I said I would get back in for Superfly15 05/04/17 11:58:49 PM
#2846 PolishPowerplayer 05/04/17 03:32:58 PM
#2845   List of $1.4B insider buys (including LG's $1.3M) DewDiligence 05/04/17 10:51:03 AM
#2844   More insider buying filed today. This is a PolishPowerplayer 05/04/17 10:15:19 AM
#2843   This Gordon Johnson fellow is really a piece Swine Pablo 05/04/17 10:13:39 AM
#2842   Chinese Commodities Crash Limit-Down As Wealth Management Product greasemonkeyshoes 05/04/17 09:37:13 AM
#2841   Kyle Bass Warns "All Hell Is About To greasemonkeyshoes 05/04/17 09:34:09 AM
#2840   iron ore prices keep falling but CLF is Nebuchadnezzar 05/04/17 09:07:04 AM
#2839   I agree that is is bottoming. Swine Pablo 05/04/17 08:37:12 AM
#2838   well either way this stock is bottoming out Superfly15 05/04/17 08:14:28 AM
#2837   Another small insider purchase this week: DewDiligence 05/03/17 05:04:44 PM
#2836   I agree with your numbers Swine Pablo 05/02/17 03:45:00 PM
#2835   CLF's current market cap is roughly $2 billion Nebuchadnezzar 05/02/17 03:10:31 PM
#2834   Of course, but you are getting a known entity. Swine Pablo 05/02/17 03:05:25 PM
#2833   Buying CLF would cost a lot more than DewDiligence 05/02/17 02:32:44 PM
#2832   Just a thought: Swine Pablo 05/02/17 02:28:33 PM
#2831   the spring is coiling!! this is the perfect Nebuchadnezzar 05/02/17 11:58:57 AM
#2830   Two additional small purchases by directors: DewDiligence 05/02/17 09:06:02 AM
#2829   Two directors made small open-market purchases last week: DewDiligence 05/01/17 12:07:03 PM
#2828   Thanks... Though, I am not sure what you're actually deniseann 05/01/17 10:58:26 AM
#2827   well either way this stock is bottoming out Nebuchadnezzar 05/01/17 10:56:33 AM
#2826   Insider buying. Always a good sign in a KennyPro 05/01/17 09:17:12 AM
#2825   I'm not sure what I was crying over Superfly15 04/30/17 11:08:15 PM
#2824   Was posted on twitter today. monkeyfrog 04/30/17 12:52:08 PM
#2823   Cliffs said in a news release that it sts66 04/29/17 01:51:46 PM