Replies to post #3250 on Cleveland Cliffs Inc (CLF)

[sts66]

WOW - that a HUGE and BRILLIANT move by LG! Clarke must have really PO'd Glacier for them to backdoor the sale like this - and even stranger, CLF PR'd the news way back on Dec 11 - why did it take so long for somebody to put 2+2 together and realize how screwed Chippewa is now?

https://www.businesswire.com/news/home/20171211005749/en/Cleveland-

Cliffs-Announces-Acquisition-Real-Estate-Interests-Itasca
December 11, 2017 11:04 AM Eastern Standard Time

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs” or the “Company”) announced today that its wholly-owned subsidiary, Cleveland-Cliffs Minnesota Land Development LLC, completed an acquisition of certain real estate interests located in Itasca County west of Nashwauk, Minnesota from Glacier Park Iron Ore Properties LLC (“GPIOP”). The interests include a combination of undivided and whole fee interests as well as mineral and surface leases, all lying within the Biwabik Iron Formation. The acreage acquired is approximately 553 acres and the acreage being leased is approximately 3,215 acres.