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Cliffs Natural Resources Inc. (CLF)

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Moderator: DewDiligence, Saving Grace
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Last Post: 8/15/2017 9:32:38 AM - Followers: 109 - 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: 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
CLF News: Current Report Filing (8-k) 08/07/2017 05:15:53 PM
News News Alert: Current Report Filing (8-k) 08/17/2017 06:02:08 AM
#3020  Sticky Note CLF’s CEO bought another $700K of stock today DewDiligence 08/10/17 04:54:15 PM
#2908  Sticky Note Cliffs Natural Resources Inc. Announces its First HBI Saving Grace 06/15/17 10:00:57 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
#3004   CLF 2Q17 CC (edited) transcript: DewDiligence 07/29/17 09:44:57 AM
#3003   Nice to see the stock stabilizing today, even BigT82 07/28/17 11:34:38 AM
#3002 some comments...claiming LG spent a lot of DewDiligence 07/27/17 05:00:33 PM
#3001   [APIO]...not expected to be running much past 2020 DewDiligence 07/27/17 04:58:47 PM
#3000   CC x Browser... Democritus_of_Abdera 07/27/17 04:02:48 PM
#2999   Stock coming back a bit, off the lows. BigT82 07/27/17 03:32:23 PM
#2998   Thanks DD - had read some comments to sts66 07/27/17 03:30:05 PM
#2997   Oh, you mean this stuff about LG's stock sts66 07/27/17 03:19:11 PM
#2996   Yes (eom). DewDiligence 07/27/17 03:10:30 PM
#2995   Am I reading pgs 13-14 correctly, that they sts66 07/27/17 03:06:42 PM
#2994   CC Q&A was largely devoted to plans for DewDiligence 07/27/17 02:43:22 PM
#2993   LC already put it in a press release Saving Grace 07/27/17 02:43:06 PM
#2992   I would also appreciate that! Thanks BigT82 07/27/17 02:30:07 PM
#2991   "Did LC address the current manipulation and attacks sts66 07/27/17 02:29:57 PM
#2990   What can FINRA do? And how are these BigT82 07/27/17 02:29:30 PM
#2989   Would appreciate your opinion about what you heard sts66 07/27/17 02:22:46 PM
#2988   I was on the phone with FINRA for Saving Grace 07/27/17 02:20:23 PM
#2987   The selling is manipulation and not retail. Nobody Saving Grace 07/27/17 02:18:53 PM
#2986   And the stock gets pummeled in response to sts66 07/27/17 02:16:32 PM
#2985   Thank you for your efforts! I look forward BigT82 07/27/17 02:16:22 PM
#2984   I'm adding here at $7, down almost 10%. BigT82 07/27/17 02:15:09 PM
#2983 is the direct complaint line for illegal Saving Grace 07/27/17 02:12:51 PM
#2982   Sounds like a difficult rule to enforce for sts66 07/27/17 02:12:02 PM
#2981   Talking to FINRA now and filing for a Saving Grace 07/27/17 01:48:37 PM
#2980   FINRA Investor Complaint Center Saving Grace 07/27/17 01:38:47 PM
#2979   Do something already Cliffs and stop the manipulators Saving Grace 07/27/17 01:32:51 PM
#2978   Thats only in pinks Kenny. This is being Saving Grace 07/27/17 01:30:05 PM
#2977   I'm filing a class action suit against Axiom Saving Grace 07/27/17 01:27:01 PM
#2976   Right on Big T We need a class Saving Grace 07/27/17 01:23:08 PM
#2975   They always say buy on the hype and KennyPro 07/27/17 01:06:45 PM
#2974   10% selloff? Does not make any sense... BigT82 07/27/17 12:52:49 PM
#2973   The 2Q17 10-Q has been filed: DewDiligence 07/27/17 12:33:53 PM