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Cliffs Natural Resources Inc. (CLF)

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Moderator: DewDiligence, Saving Grace
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Last Post: 6/28/2017 3:27:34 PM - Followers: 108 - Board type: Free - Posts Today: 1

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. 

Sincerely, 
CLF2017PRE14ALGSIGNATUREA.JPG 
Lourenco Goncalves 
Chairman, President and Chief Executive Officer 
Cliffs Natural Resources Inc. 

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11893809 

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CLF News: Statement of Changes in Beneficial Ownership (4) 06/27/2017 07:03:01 AM
CLF News: Current Report Filing (8-k) 06/27/2017 07:02:34 AM
CLF News: Current Report Filing (8-k) 06/15/2017 04:33:38 PM
CLF News: Cliffs Natural Resources Inc. Announces its First HBI Production Plant in the Great Lakes Region 06/15/2017 06:00:00 AM
CLF News: Annual Report of Employee Stock Plans (11-k) 06/14/2017 05:04:08 PM
PostSubject
#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
#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‚Ķ 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
#2896   Vanguard now has a 10.4% equity stake; they DewDiligence 06/12/17 06:27:19 PM
#2895   Agree 100%! Doubled at $5.66 last week. Love BigT82 06/08/17 01:04:59 PM
#2894   But we're not sub $6....anymore. ;) I JTrader 06/08/17 12:59:58 PM
#2893   Great day for us longs! I certainly hope BigT82 06/08/17 12:52:21 PM
#2892   http://www.hibbingmn.com/news/local/goncalves-praises-trump-decision-in-paris-cl Greg444 06/04/17 03:51:18 AM
#2891   I was expecting to see a nice jump PolishPowerplayer 06/02/17 02:23:29 PM
#2890   FOLKS!!!!! THINGS ARE ABOUT TO CHANGE!!!!!!!! gary 10 06/02/17 11:18:03 AM
#2889   perhaps, but it would have had all MAY Nebuchadnezzar 06/01/17 10:36:45 AM
#2888   not sure either why it sold down so Superfly15 06/01/17 07:27:16 AM
#2887   not sure either why it sold down so Nebuchadnezzar 05/31/17 08:37:13 PM
#2886   Added again today at $5.66 when the stock BigT82 05/31/17 06:55:02 PM
#2885   http://www.hibbingmn.com/news/local/iron-range-on-the-rebound/article_0abcb23a-45aa-11e7-8ee5-9fa131 KennyPro 05/31/17 01:18:56 PM
#2884   Thank you. I had heard the same thing PolishPowerplayer 05/31/17 10:14:10 AM
#2883   Good morning, Swine Pablo 05/31/17 07:47:18 AM
#2882   Heya Buddy, Just wondering if you made it PolishPowerplayer 05/30/17 07:00:51 PM
#2881   yes. buying all I can when I can Nebuchadnezzar 05/27/17 06:04:55 PM
#2880   I added again yesterday. Cost basis down to BigT82 05/27/17 02:34:10 PM
#2879   CLF appears to be bottoming out. the stock Nebuchadnezzar 05/27/17 12:44:03 PM
#2878   Re Section-232 action: DewDiligence 05/27/17 12:28:50 PM
#2877   I didn't mean he lost his job - sts66 05/26/17 12:52:44 PM
#2876   You obviously arent a subscriber to the street. xrymd 05/25/17 09:25:08 PM
#2875   I do not see it as a sign sts66 05/25/17 03:25:18 PM
#2874   CLF is a good company. Every winter it's Amarzec 05/25/17 11:24:56 AM
#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
PostSubject