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Cliffs Natural Resources Inc. (CLF)

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Moderator: DewDiligence
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Last Post: 10/16/2017 9:27:45 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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CLF News: Statement of Changes in Beneficial Ownership (4) 10/04/2017 04:35:03 PM
CLF News: Statement of Changes in Beneficial Ownership (4) 10/04/2017 04:34:33 PM
CLF News: Statement of Changes in Beneficial Ownership (4) 10/04/2017 04:34:33 PM
CLF News: Statement of Changes in Beneficial Ownership (4) 10/04/2017 04:34:32 PM
CLF News: Cleveland-Cliffs Inc. Announces Acquisition of Remaining Equity Interest in the Tilden Mine 10/02/2017 07:00:00 AM
#3050  Sticky Note LG has now bought $2.7M of stock during DewDiligence 09/18/17 09:37:20 AM
#3083   I find clf a good swinger for profits. Robert1975 10/16/17 09:27:45 PM
#3082   So disappointed. Fuc$ing traders and flippers Crazyjake27 10/16/17 05:52:09 PM
#3081   MSB div 64 cents, next one expected to sts66 10/16/17 11:33:31 AM
#3080   Amazing....G'Damned flippers and channel traders....GRRRRRRR. KennyPro 10/16/17 10:17:38 AM
#3079   * * $CLF Video Chart 10-13-17 * * ClayTrader 10/13/17 04:52:39 PM
#3078   Thanks for the sentiment. It sure moved fast chmcnfunds 10/13/17 04:26:10 PM
#3077   Sorry. Going to 10 Crazyjake27 10/13/17 12:04:11 PM
#3076   Out CLF @ $7.35, sorta unintentionally as had chmcnfunds 10/13/17 09:47:51 AM
#3075   Good eye.... greasemonkeyshoes 10/13/17 09:34:25 AM
#3074   Big pop in the premarket! +5% BigT82 10/13/17 08:39:09 AM
#3073   New to this board, and been trading sub-pennies 1Npink1Nstink 10/12/17 08:04:33 PM
#3072   Is this the hidden gold? Watch next ER sorkin 10/12/17 11:10:56 AM
#3071   well they better do something substantial in 2018 Nebuchadnezzar 10/11/17 04:17:51 PM
#3070   There almost certainly won't be a dividend or DewDiligence 10/10/17 11:27:24 AM
#3069   it appears this stock is stuck in limbo Nebuchadnezzar 10/10/17 10:57:11 AM
#3068   In CLF @ $6.85, first time for several chmcnfunds 10/09/17 09:47:36 AM
#3067   OOOPs my bad..thanks for the clarification. I did KennyPro 10/05/17 04:38:43 PM
#3066   The most recent insider buy was by the DewDiligence 10/05/17 03:08:42 PM
#3065   Lots of insider buying @ 7.15...that says all KennyPro 10/05/17 02:56:05 PM
#3064   Looking good again today! Need to break out BigT82 10/04/17 10:35:11 AM
#3063   CLF acquires 15% stake of Tilden mine it DewDiligence 10/02/17 09:17:21 AM
#3062   Update on Chippewa/Essar Iron Ore Project… Democritus_of_Abdera 10/02/17 06:57:21 AM
#3059   big disconnect on where this stock is trading Nebuchadnezzar 09/26/17 01:09:28 PM
#3058   Yeah, gotta take Zerohedge with a grain of sts66 09/21/17 02:50:16 PM
#3057   Zerohedge likes to dabble in hyperbole. DewDiligence 09/21/17 01:11:02 PM
#3056   From Zerohedge....... greasemonkeyshoes 09/21/17 11:52:16 AM
#3055   Correct (eom). DewDiligence 09/18/17 04:21:28 PM
#3054   He bought $2.7M of stock in a few sts66 09/18/17 04:10:57 PM
#3053   Agreed. . Looking for great results for Crazyjake27 09/18/17 01:49:00 PM
#3052   Me too! Great add last week. Should be BigT82 09/18/17 10:13:55 AM
#3051   Glad I have 7k shares. :). Crazyjake27 09/18/17 10:12:27 AM
#3050   LG has now bought $2.7M of stock during DewDiligence 09/18/17 09:37:20 AM
#3049   The CEO just bought another 100000 shares 7.11....I KennyPro 09/18/17 08:42:22 AM
#3048   Agreed. I added 2k as well at 6.99. Crazyjake27 09/14/17 02:37:00 PM
#3047   Added 2000 shares at $6.95, this selling is BigT82 09/14/17 10:09:53 AM
#3046   Come on clf. Iron ore price Crazyjake27 09/12/17 10:32:18 AM
#3045   Picked up some more at 7.70. Crazyjake27 09/11/17 11:31:09 AM
#3044   Listen to there conference call. You Crazyjake27 09/09/17 08:15:44 AM
#3043   What did you find to conclude this should Couch Potato 09/09/17 08:02:09 AM
#3042   Doubled position at $7.85. scanc2211 09/08/17 01:54:18 PM
#3041   I bet weak retail will sell and more Crazyjake27 09/08/17 11:47:40 AM
#3040   Earnings is good. The numbers from china Crazyjake27 09/08/17 11:46:54 AM
#3039   I agree. Down almost 3 k today. Sucks Crazyjake27 09/08/17 11:46:18 AM
#3038   WTF???? KennyPro 09/08/17 11:22:01 AM
#3037   Cliffs looking good here. I really believe Crazyjake27 09/07/17 11:49:57 AM
#3036   Listen to the last quarter earnings call. It Crazyjake27 09/06/17 10:36:37 PM
#3035   CLF 3 year weekly chart. Golden Cross setting up. Nebuchadnezzar 09/06/17 08:53:06 PM
#3034   After doing some more research I really d Crazyjake27 09/01/17 11:55:43 PM
#3033   Well I think I would take my original KennyPro 08/30/17 03:14:32 PM
#3032   Not sure I'd still have my shares if sts66 08/30/17 02:41:30 PM