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Cliffs Natural Resources Inc. (CLF)

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Moderator: DewDiligence, Saving Grace
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Last Post: 9/18/2017 4:21:28 PM - Followers: 108 - 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) 09/18/2017 06:32:09 AM
CLF News: Current Report Filing (8-k) 08/17/2017 06:02:08 AM
CLF News: Cliffs Natural Resources Renames Itself Cleveland-Cliffs Inc. 08/15/2017 07:00:00 AM
CLF News: Current Report Filing (8-k) 08/14/2017 11:31:57 AM
CLF News: Statement of Changes in Beneficial Ownership (4) 08/10/2017 04:09:56 PM
#3050  Sticky Note LG has now bought $2.7M of stock during DewDiligence 09/18/17 09:37:20 AM
#2908  Sticky Note Cliffs Natural Resources Inc. Announces its First HBI Saving Grace 06/15/17 10:00:57 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
#3031   Ask and you shall receive... next stop $10! BigT82 08/30/17 10:41:01 AM
#3030   I am pretty sure Trump will get an KennyPro 08/30/17 09:02:17 AM
#3029   With that timeline yes I do...I will still KennyPro 08/29/17 03:33:47 PM
#3028   Do you see us getting back to the Crazyjake27 08/29/17 03:30:11 PM
#3027   IMO it is past due! KennyPro 08/29/17 03:28:06 PM
#3026   Is $10 next. :) Crazyjake27 08/29/17 02:56:40 PM
#3025   Good to see the move today above 8.00. KennyPro 08/29/17 01:33:53 PM
#3024   I would love to know whats keeping this KennyPro 08/23/17 09:01:26 AM
#3023   CLF reinstates legacy corporate name, Cleveland-Cliffs: DewDiligence 08/15/17 09:32:38 AM
#3022   Here's the filing. CEO buys 100k more shares. Saving Grace 08/14/17 10:31:32 AM
#3021   I regret that I had to post the Democritus_of_Abdera 08/10/17 05:16:16 PM
#3020   CLF’s CEO bought another $700K of stock today DewDiligence 08/10/17 04:54:15 PM
#3019   My bad—will repost. Thank for noticing. DewDiligence 08/10/17 04:53:09 PM
#3018   $7.2M or $0.72M... Democritus_of_Abdera 08/10/17 04:50:06 PM
#3016   Appears our CEO just bought another 100,000 shares BigT82 08/10/17 04:17:20 PM
#3015   Great days ahead BearsAreCrying 08/07/17 03:31:10 PM
#3014   Nice Pre market move to the upside this KennyPro 08/07/17 08:30:20 AM
#3013   Initiated big position in CLF last week. Nice Panzer 08/06/17 04:33:41 PM
#3012   CLF completes second leg of bond swap—the issuance DewDiligence 08/01/17 10:31:02 AM
#3011   Longholer since 6.4 looking for 9+exit BearsAreCrying 07/31/17 05:32:38 PM
#3010   Ya beat me to it :>) Good move sts66 07/31/17 03:07:43 PM
#3009   +8%, nice move today so far! BigT82 07/31/17 02:43:01 PM
#3008   CLF pursues 2-step bond swap of approximately $575M: DewDiligence 07/31/17 09:34:52 AM
#3007   As I've previously posted, I wouldn't take LG's DewDiligence 07/29/17 01:34:55 PM
#3006   CC transcript contains a great explanation of why sts66 07/29/17 01:13:27 PM
#3005   Love LG's enthusiasm and excitement for the future! BigT82 07/29/17 10:32:24 AM