Past year: ▼ 3%(8.45 – 13.76 USD)
Each one in plain English, with the numbers worked through for a shareholder.
3 June 2016material agreement▲ GoodMajor
Cliffs signed a new ten-year iron ore pellet supply agreement with ArcelorMittal USA running through 2026, replacing two agreements that expire in December 2016 and January 2017. Total purchases are up to 10 million long tons, and Cliffs stays ArcelorMittal's major pellet supplier.
2 Mar 2016debt financing▼ BadMajor
Amid the iron ore price collapse, Cliffs exchanged existing senior notes for $218.5 million of new 8.000% 1.5 Lien Senior Secured Notes due 2020 - a distressed debt exchange that gave noteholders better security in return for extended maturities.
2 Feb 2016listing compliance notice● NeutralMajor
CLEVELAND-CLIFFS INC.'s exchange filed to remove a class of its securities from listing.
29 Dec 2015material agreement▲ GoodMajor
Cliffs sold its remaining North American coal business (Pinnacle and Oak Grove mines) to Seneca Coal Resources for $268 million plus a possible $50 million earnout through 2020, completing its exit from coal to focus fully on its US iron ore pellet business.
