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Cliffs Natural Resources Inc. (CLF)

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Moderator: DewDiligence, Saving Grace
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Last Post: 3/23/2017 8:04:33 PM - Followers: 103 - 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. Announces Final Results of Tender Offers 08:00 AM
CLF News: Proxy Statement (definitive) (def 14a) 03/15/2017 04:13:54 PM
CLF News: Additional Proxy Soliciting Materials (definitive) (defa14a) 03/15/2017 04:10:47 PM
CLF News: Cliffs Natural Resources Inc. Completes Full Redemption of Senior Secured Notes 03/15/2017 08:54:00 AM
CLF News: Current Report Filing (8-k) 03/10/2017 05:28:55 PM
News News Alert: Cliffs Natural Resources Inc. Announces Final Results of Tender Offers 03/24/2017 08:00:00 AM
#2618  Sticky Note March 15, 2017 Dear Fellow Shareholder, Saving Grace 03/03/17 12:18:48 PM
#2574  Sticky Note RE: BHP & Rio Tinto Worries… Democritus_of_Abdera 02/21/17 02:30:22 PM
#2668   China iron ore hits 10-week low as steel greasemonkeyshoes 03/23/17 08:04:33 PM
#2667   Ore with 62 percent content in Qingdao fell greasemonkeyshoes 03/22/17 07:01:47 AM
#2666   May iron ore prices off 4% on the greasemonkeyshoes 03/21/17 01:13:29 PM
#2665   Whoa! Broke through support? Or did it? I sts66 03/21/17 12:06:19 PM
#2664   Start from ..... greasemonkeyshoes 03/18/17 10:15:04 PM
#2662   The video is an hour long; what part sts66 03/18/17 04:05:01 PM
#2661   Thanks for the link - believe it or sts66 03/18/17 03:58:42 PM
#2660   The payments are mentioned in the text shown lookup 03/18/17 12:45:02 PM
#2659   The video is an hour long; what part DewDiligence 03/18/17 11:48:42 AM
#2658   What do you mean by “cure payments”? DewDiligence 03/18/17 10:54:58 AM
#2657   Mesabi Metallics offers cure payments of several million lookup 03/18/17 12:32:01 AM
#2656   and sell the rip! KennyPro 03/17/17 12:13:30 PM
#2655   Trade Market: 101......... greasemonkeyshoes 03/16/17 10:38:44 PM
#2654   62% fines jumped by a further 1.85% to greasemonkeyshoes 03/16/17 06:44:37 PM
#2653   Trade Market: 101......... greasemonkeyshoes 03/16/17 01:00:51 PM
#2652   62% Fe Iron Ore Index Today: $92.61 per greasemonkeyshoes 03/16/17 09:44:07 AM
#2651   Finally some short squeeze action securing the notes. Saving Grace 03/15/17 03:13:11 PM
#2650   clf @$9.51..... greasemonkeyshoes 03/15/17 02:22:32 PM
#2649   CLF completes the previously announced redemption of $649M DewDiligence 03/15/17 10:57:37 AM
#2648   A podcast worth the tape/memory it's written on......... greasemonkeyshoes 03/15/17 12:04:17 AM
#2647   "Iron ore futures traded in China soared 5.5% greasemonkeyshoes 03/14/17 11:34:02 PM
#2646   Hope this helps........ greasemonkeyshoes 03/14/17 05:44:56 PM
#2645   Some of the posters on this board who DewDiligence 03/14/17 01:27:19 PM
#2644   Man, finding bond quotes is frigging impossible! I sts66 03/14/17 01:19:37 PM
#2643   "TOP CREDITOR SHEDS DOUBT ON RESTRUCTURING OF FORMER ESSAR".... greasemonkeyshoes 03/13/17 01:55:11 PM
#2642   62% Fe Iron Ore Index Today: $88.26 per greasemonkeyshoes 03/13/17 01:42:36 PM
#2641   The coupons of CLF’s 2020-2021 bonds are 4.9-5.9% DewDiligence 03/10/17 07:40:08 PM
#2640   Anyone know what discount those bonds were trading sts66 03/10/17 06:33:00 PM
#2639   WWWoooWWWWW..... You are a pro if you stick with greasemonkeyshoes 03/10/17 02:17:30 PM
#2638   The more it goes down here the more KennyPro 03/10/17 11:21:05 AM
#2637   The over-subsciption of the $250M tender offer and DewDiligence 03/10/17 11:11:29 AM
#2636   CLEVELAND, March 10, 2017 /PRNewswire/ -- Cliffs Natural KennyPro 03/10/17 09:41:59 AM
#2635   clf @$8.95...... greasemonkeyshoes 03/09/17 09:41:19 AM
#2634   62% Fe Iron Ore Index Today: $87.19 per greasemonkeyshoes 03/08/17 03:26:21 PM
#2633   clf 5/19/17 $9.0c... greasemonkeyshoes 03/08/17 01:56:35 PM
#2632   clf 5/19/17 $9.0c... greasemonkeyshoes 03/08/17 01:32:23 PM
#2631   clf @$9.17... greasemonkeyshoes 03/08/17 01:14:17 PM
#2630   An old post.... greasemonkeyshoes 03/07/17 11:30:30 AM
#2629   Shorties tend to be... greasemonkeyshoes 03/07/17 11:07:43 AM
#2628   clf @$9.64... greasemonkeyshoes 03/07/17 10:24:32 AM
#2627   Fairly disturbing action, last Q earnings nor the Superfly15 03/07/17 10:23:02 AM
#2626   "Iron ore prices could halve".. greasemonkeyshoes 03/07/17 08:55:51 AM
#2625   Gavekal analysts "bubble will pop...price plummet, 30 % greasemonkeyshoes 03/06/17 10:45:49 PM
#2624   "Iron ore price drops to 1-month low, "... greasemonkeyshoes 03/06/17 10:41:17 PM
#2623   It looks like REN was first (+800%+ ) Rocky3 03/05/17 06:58:09 PM
#2622   Are you sure CLF was second? I believe Dennisb68 03/04/17 07:59:19 PM
#2621   Our CLF shares appreciated 432% in 2016, which DewDiligence 03/04/17 03:01:05 PM
#2620   "(Credit Suisse) Analyst Curt Woodworth and his team greasemonkeyshoes 03/03/17 03:47:38 PM
#2619   Love this guy...Lourenco Goncalves. He took some tough KennyPro 03/03/17 01:27:56 PM
#2618   March 15, 2017 Dear Fellow Shareholder, Saving Grace 03/03/17 12:18:48 PM