Cliffs Natural Resources Renames Itself Cleveland-Cliffs Inc.
August 15 2017 - 7:00AM
Business Wire
Cliffs Natural Resources Inc. (NYSE: CLF) announces today that
it has re-named the Company to its historical name Cleveland-Cliffs
Inc. Under the name Cleveland-Cliffs, the Company has been for many
decades an important part of the North American iron and steel
industry. The name change is part of the celebration of the 170th
anniversary of the Company, and is effective immediately. The
Company’s NYSE stock ticker symbol “CLF” will remain the same.
Lourenco Goncalves, Chairman, President and Chief Executive
Officer, said, “The historical name Cleveland-Cliffs is synonymous
with our strong heritage, and is the perfect one for our next era
of growth. As we did more than 60 years ago, when we adopted
pelletizing as a smart business opportunity to utilize American
iron ore and provide the domestic blast furnaces with customized
pellets, Cleveland-Cliffs is once again reinventing itself as the
supplier of high-quality iron units to the Great Lakes region. With
our expansion into the production of Hot-Briquetted Iron (HBI) to
supply the growing electric arc furnace steel industry,
Cleveland-Cliffs is the best name to represent our strong present
and our bright future.”
About Cleveland-Cliffs Inc.
Founded in 1847, Cleveland-Cliffs Inc. is the largest and oldest
mining company in the United States. We are a major supplier of
iron ore pellets to the North American steel industry from our
mines and pellet plants located in Michigan and Minnesota.
Additionally, we operate an iron ore mining complex in Western
Australia. By 2020, Cliffs expects to be the sole producer of hot
briquetted iron (HBI) in the Great Lakes region with the
development of its first production plant in Toledo, OH. Driven by
the core values of safety, social, environmental and capital
stewardship, our employees endeavor to provide all stakeholders
with operating and financial transparency. For more information,
visit http://www.clevelandcliffs.com
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version on businesswire.com: http://www.businesswire.com/news/home/20170815005246/en/
Cleveland-Cliffs Inc.Media Contact:Patricia Persico,
216-694-5316Director, Corporate CommunicationsorInvestor
Contact:Paul Finan, 216-694-6544Director, Investor Relations
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