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Cliffs Natural Resources Inc. (CLF)

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Moderator: DewDiligence, Saving Grace
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Last Post: 4/24/2017 9:33:24 AM - Followers: 104 - 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. Commends the Trump Administration for Section 232 Initiation 04/20/2017 06:50:00 PM
CLF News: Statement of Changes in Beneficial Ownership (4) 04/04/2017 04:40:46 PM
CLF News: Statement of Changes in Beneficial Ownership (4) 04/04/2017 04:40:20 PM
CLF News: Statement of Changes in Beneficial Ownership (4) 04/04/2017 04:39:30 PM
CLF News: Cliffs Natural Resources Inc. to Announce First-Quarter 2017 Results on April 27 04/03/2017 08:00:00 AM
#2766  Sticky Note CLF acknowledges Section-232 action—in typical Lorenco Goncalves style: DewDiligence 04/20/17 07:13:33 PM
#2618  Sticky Note March 15, 2017 Dear Fellow Shareholder, Saving Grace 03/03/17 12:18:48 PM
#2771   Lourenco will not be denied. The Governor is KennyPro 04/24/17 09:33:24 AM
#2770   Good solid logic and fact...This company is going KennyPro 04/24/17 09:29:40 AM
#2769   Jocky for position............ greasemonkeyshoes 04/23/17 12:25:04 PM
#2768   Mystery solved or at least cleared up for me........ greasemonkeyshoes 04/23/17 11:16:46 AM
#2767   I picked up another 100 shares today for PolishPowerplayer 04/21/17 02:39:55 PM
#2766   CLF acknowledges Section-232 action—in typical Lorenco Goncalves style: DewDiligence 04/20/17 07:13:33 PM
#2765   NOte the nice jump in the May and Swine Pablo 04/20/17 05:57:23 PM
#2764   Good article. Swine Pablo 04/20/17 05:44:52 PM
#2763   Protecting the brand...... greasemonkeyshoes 04/20/17 04:46:35 PM
#2762   Thank You Donald Trump.... KennyPro 04/20/17 02:29:47 PM
#2761   Steel imports into US could face new headwind DewDiligence 04/20/17 12:08:40 PM
#2760   $6.66 only reason i'm still holding jahbvc 04/19/17 06:52:17 PM
#2759   trading down here due to dilution and big Nebuchadnezzar 04/19/17 05:35:40 PM
#2758   Looking forward to the 27th and 1st Qtr. PolishPowerplayer 04/19/17 04:28:44 PM
#2757   Agreed. The key will be how they justify the Swine Pablo 04/19/17 09:52:32 AM
#2756   Thanks for sharing this..I'd like to see a PolishPowerplayer 04/19/17 09:49:17 AM
#2755   Herewith a very good news release about DNR Swine Pablo 04/19/17 07:51:41 AM
#2754   Thanks for posting that. Swine Pablo 04/18/17 10:28:37 PM
#2753   Page 110 of the 2016 10-K filing (second DewDiligence 04/18/17 08:54:35 PM
#2752   Correction for #2750...... greasemonkeyshoes 04/18/17 07:34:21 PM
#2751   A natural(free) hedge for clf as IO price falls........... greasemonkeyshoes 04/18/17 07:10:44 PM
#2750   Tricks under his sleeves so far in 2017.Woooowwww.... greasemonkeyshoes 04/18/17 06:56:15 PM
#2749   Suggestions: Rather than doing the Nashwauk site on its Swine Pablo 04/18/17 06:40:18 PM
#2748   Question: Would it have been possible for CLF to Swine Pablo 04/18/17 06:09:11 PM
#2747   Month Options Charts Last Change Prior Settle Open Swine Pablo 04/18/17 06:01:53 PM
#2746   At a total area of 305 square miles, Swine Pablo 04/18/17 05:59:25 PM
#2745   US sheet market buyers have seen hot-rolled coil Swine Pablo 04/18/17 05:58:04 PM
#2744   HRC Index is 655 for April, 630 for Swine Pablo 04/18/17 05:54:34 PM
#2743   "Iron ore prices have got a lot further greasemonkeyshoes 04/18/17 05:17:41 PM
#2742   Bad market killed our rally today cheche770 04/18/17 01:02:29 PM
#2741   Agreed....been adding myself. Good Luck 2 U. KennyPro 04/18/17 09:37:15 AM
#2740   adding to my position on iron ores's weakness. Nebuchadnezzar 04/17/17 08:23:03 PM
#2739   * * $CLF Video Chart 04-17-17 * * ClayTrader 04/17/17 05:14:19 PM
#2738   Of course not - I never buy any sts66 04/17/17 04:44:44 PM
#2737   ooouuuucccchhh day..... greasemonkeyshoes 04/17/17 03:44:29 PM
#2736   10 days before ER.... greasemonkeyshoes 04/17/17 02:54:25 PM
#2735   Did you buy shares in CLDF on MY KennyPro 04/17/17 11:52:05 AM
#2734   You retiring today or next week?.Look at the PolishPowerplayer 04/17/17 11:12:02 AM
#2733   Just an investment I'm down -25% in only sts66 04/17/17 10:53:44 AM
#2732   This is an investment...worry not you will do KennyPro 04/13/17 09:31:12 PM
#2731   Shoulda warned everyone not to buy more shares sts66 04/13/17 05:12:19 PM
#2729   clf 2017 plan in a nutshell.......... greasemonkeyshoes 04/13/17 04:38:26 PM
#2728   Agreed and thanks as always for your links shared... KennyPro 04/13/17 10:25:57 AM
#2727   Again clf was down 40% from its quarterly hi.... greasemonkeyshoes 04/13/17 10:11:42 AM
#2726   What action is taking place, is someone shorting? juda 04/12/17 05:45:57 PM
#2725   Opposition mounts against Mesabi Metallics' reorganization plan... greasemonkeyshoes 04/12/17 04:30:57 PM
#2724   One more for Thurs........ greasemonkeyshoes 04/12/17 04:02:01 PM
#2723   zerohedge is intended to shock readers rather than DewDiligence 04/12/17 02:04:44 PM
#2722   Commodity Carnage Crushes Trumpflation Hopes: "Everyone's Nervous The greasemonkeyshoes 04/12/17 01:52:21 PM
#2721   15 days from ER......... greasemonkeyshoes 04/12/17 12:50:50 PM