Cliffs Natural Resources Analyst Report: Established Minerals Producer at a Crossroads - Fight for Control Underway with Activist Shareholder by BrokerBank Securities, Inc. - WRBL

Cliffs Natural Resources Analyst Report: Established Minerals Producer at a Crossroads - Fight for Control Underway with Activist Shareholder by BrokerBank Securities, Inc.

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SOURCE BrokerBank Securities, Inc.

NEW YORK, July 7, 2014 /PRNewswire/ -- Cliffs Natural Resources, Inc. (NYSEMKT: CLF) a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines located in Michigan and Minnesota; four metallurgical coal mines located in West Virginia and Alabama; and one thermal coal mine located in West Virginia. The company also operates two iron ore mines in eastern Canada that primarily produce iron ore concentrate and iron ore pellets. The company sells its iron products to integrated steel companies and Asian steel producers; and metallurgical coal to integrated steel and coke producers in Europe, North America, China, India, and South America, as well as thermal coal to energy companies and distributors in North America and Europe.

The Company is currently in play as an activist fund called Casablanca Capital has accumulated a 5.2% position and is calling for the Company to replace its management team with Casablanca nominated choices, spin off or sell its Asian operations, and return more capital to shareholders.  A collapse of underlying commodity prices while the dispute has dragged on has exacerbated CLF's challenges and made it less likely that any quick fix will work.

An analyst report which details key attributes of the products, an overview of the company and analyst comments can be viewed in its entirety by using the link below. There is no cost obligation required to view this report: 

http://bit.ly/-CLF-AnalystReport

FORWARD-LOOKING DISCLAIMER   

This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward- looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.   

COMPLIANCE PROCEDURE   

Content is researched, written and reviewed on a best-effort basis. Research report provided for informational purposes. This document, article or report is written and authored by Michael Anderegg, Chartered Financial Analyst. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

A full disclaimer can be found by viewing the full analyst report.

BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.

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