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Cliffs Natural Resources Inc. (CLF)

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Moderator: DewDiligence, Saving Grace
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Last Post: 7/20/2017 4:16:46 PM - Followers: 109 - 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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CLF News: Statement of Changes in Beneficial Ownership (4) 07/05/2017 04:30:36 PM
CLF News: Statement of Changes in Beneficial Ownership (4) 07/05/2017 04:21:17 PM
CLF News: Statement of Changes in Beneficial Ownership (4) 07/05/2017 04:17:48 PM
CLF News: Statement of Changes in Beneficial Ownership (4) 07/05/2017 04:13:20 PM
CLF News: Cliffs Natural Resources Inc. to Announce Second-Quarter 2017 Results on July 27 07/05/2017 08:00:00 AM
#2908  Sticky Note Cliffs Natural Resources Inc. Announces its First HBI Saving Grace 06/15/17 10:00:57 AM
#2845  Sticky Note List of $1.4B insider buys (including LG's $1.3M) DewDiligence 05/04/17 10:51:03 AM
#2948   Try as they might. They will not be KennyPro 07/20/17 04:16:46 PM
#2947   CLF!! Nice move to the upside. Shorts gonna BigT82 07/19/17 01:54:57 PM
#2946 little less supply on KennyPro 07/18/17 11:48:29 AM
#2945   Nice day here again...the next few years will KennyPro 07/17/17 12:15:24 PM
#2944   We are getting there...I LOVE this company. KennyPro 07/17/17 08:16:02 AM
#2943   Whoa nice spike... KennyPro 07/13/17 03:01:55 PM
#2942   CLF continues its breakout. Shorts have to be BigT82 07/12/17 09:52:44 AM
#2941   LOL.....great saying. Long CLF. KennyPro 07/10/17 02:02:18 PM
#2939   They will not have to spend that much Swine Pablo 07/09/17 06:02:49 PM
#2938   They are going to have to spent the birdguy 07/08/17 10:00:37 PM
#2937   They didn't, they can't, and they won't. (No DewDiligence 07/08/17 07:12:45 PM
#2936   I do not know how they would have Swine Pablo 07/08/17 06:56:06 PM
#2935   NAFTA destroyed the jobs as manufacturers left as Saving Grace 07/07/17 03:13:38 PM
#2934   This is the first time this author had Saving Grace 07/07/17 03:02:58 PM
#2933   The guy who I spoke to at the Saving Grace 07/07/17 02:52:35 PM
#2932   Well I sold a few sleepers I had KennyPro 07/07/17 02:10:10 PM
#2931   THAT would be sweet if it turns out KennyPro 07/07/17 01:36:50 PM
#2930   Paid off $700M in 3 months? Not possible. sts66 07/07/17 12:29:23 PM
#2929   Cliffs paid off all of it's debt. The Saving Grace 07/07/17 12:11:22 PM
#2928   NICE; Insider buying at $6.92. Quarterly coming out KennyPro 07/06/17 08:07:52 AM
#2927   Lovely - what a great idea! Let's make sts66 07/02/17 10:53:42 AM
#2926   Re Section 232 unintended consequences… Democritus_of_Abdera 07/01/17 07:18:08 PM
#2925   Great post - had no idea that China sts66 07/01/17 02:03:45 PM
#2924   Re: Lourenco's tariff/quota answer... Democritus_of_Abdera 06/30/17 08:47:59 PM
#2923   Why do you think LG said a tariff/quota DewDiligence 06/30/17 06:50:23 PM
#2922   [OT]—Well, MON is essentially a cash asset pending DewDiligence 06/30/17 06:49:27 PM
#2921   I thought that you would take greater issue Democritus_of_Abdera 06/30/17 06:25:46 PM
#2920   LG didn't really answer the interviewer's question regarding DewDiligence 06/30/17 05:48:09 PM
#2919   Section 232… Democritus_of_Abdera 06/30/17 05:24:20 PM
#2918   $7.75 is very pivotal price point ya'll Nebuchadnezzar 06/29/17 04:41:24 PM
#2917   6-28-17 Bloomberg Video Cliffs Natural CEO on Steel Saving Grace 06/28/17 03:27:34 PM
#2916   * * $CLF Video Chart 06-23-17 * * ClayTrader 06/23/17 05:14:48 PM
#2915   Great day for CLF! Shorts going to continue BigT82 06/23/17 04:41:32 PM
#2914   I doubt steel companies would be interested in sts66 06/18/17 01:59:43 PM
#2913   Based upon LG's track record I have no Swine Pablo 06/17/17 04:39:48 PM
#2912   Wonder who's going to get their HBI plant sts66 06/17/17 01:23:48 PM
#2911   The Market Maker's "Burst Basket Trades" are really deniseann 06/16/17 11:40:23 AM
#2910   Thanks for the explanation... Really appreciate it... deniseann 06/15/17 01:26:17 PM
#2909   Barrons and Axiom had better start covering their Saving Grace 06/15/17 10:07:15 AM
#2908   Cliffs Natural Resources Inc. Announces its First HBI Saving Grace 06/15/17 10:00:57 AM
#2906   CLF proceeding with DRI plant in Toledo. Announcement Swine Pablo 06/15/17 07:43:57 AM
#2905   Re: Essar Steel Minnesota Resolution… Democritus_of_Abdera 06/14/17 05:30:22 PM
#2904   Form 4 must be filed within two business DewDiligence 06/14/17 04:06:51 PM
#2903   Doh! Of course I knew that, brain fart sts66 06/14/17 04:03:53 PM
#2902   5% owners merely need to file Form 13G DewDiligence 06/14/17 12:32:16 PM
#2901   I think any 5%+ owner has to file sts66 06/14/17 12:28:29 PM
#2900   1. Yes. DewDiligence 06/13/17 04:04:01 PM
#2899   Is that 10.4% stake spread out between various sts66 06/13/17 03:54:57 PM
#2898   very good news. should keep the volatility a Nebuchadnezzar 06/13/17 12:33:46 PM
#2897   I saw that today as well. Great news! BigT82 06/12/17 08:23:36 PM