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News Breaks | | | | January 3, 2013 | | 18:44 EDT |  | CLF, AAUKY | Cliffs Natural, Anglo American to sell stakes in Brazilian joint venture
According to an SEC filing, on December 27, the board of directors of Cliffs Natural Resources (CLF) authorized the sale of the company’s 30% interest in the Amapá joint venture located in Brazil. Anglo American (AAUKY) currently owns the remaining 70% of Amapá. Both the company and Anglo American will be selling their respective interests in a 100% sale transaction to a single entity. Based on the results of the broad auction process and the terms of the pending sale, management of the company made a determination on December 27, that the value of its Amapá Interest recorded in the financial records of the company needs to be adjusted to reflect the fair value of our investment. Accordingly, the Company will record a pretax impairment charge of approximately $380M to $420M, all of which is non-cash, in the company’s financial statements as of December 31, 2012. The company does not expect that the sale of the Amapá Interest will result in material future cash expenditures. | |
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News For CLF;AAUKY From The Last 14 Days Check below for free stories on CLF;AAUKY the last two weeks. |
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| May 21, 2013 | | 12:00 EDT |  | CLF | Stocks with call strike movement; HPQ CLF
 Subscribe for More Information | | | May 20, 2013 | | 13:05 EDT | | CLF | Stocks with call strike movement; AMD CLF
Subscribe for More Information | | | 07:58 EDT |  | CLF | BofA/Merrill's metals and mining analysts hold analyst/industry conference call
Metals & Mining Analysts discuss the recently held 30th Annual BofAML Global Metals, Mining & Steel Conference on an Analyst/Industry conference call. Relevant companies BHP, RIO, VALE, BNX, CLF, NUE, AA and BTU may be included on the Analyst/Industry conference call to be held on May 20 at 9 am. | | | May 19, 2013 | | 17:47 EDT |  | AAUKY | South Africa's NUM seeks higher wages from gold, coal producers, Reuters says
Subscribe for More Information | | | May 17, 2013 | | 12:10 EDT | | CLF | Stocks with call strike movement; AMD CLF
Subscribe for More Information | | | May 15, 2013 | | 11:55 EDT | | CLF | Stocks with call strike movement; FSLR CLF
RT Options Scanner shows First Solar (FSLR) June 60 call option implied volatility decreased 3% to 57, Cliffs Natural (CLF) June 24 call option implied volatility increased 3% to 55 according to IVolatility. | | | May 14, 2013 | | 11:56 EDT | | CLF | Stocks with call strike movement; FSLR CLF
Subscribe for More Information | | | May 13, 2013 | | 12:06 EDT | | CLF | Stocks with call strike movement; CLF NFLX
Subscribe for More Information | | | May 9, 2013 | | 11:47 EDT | | CLF | Stocks with call strike movement; CLF AMD
Subscribe for More Information | | | May 8, 2013 | | 11:25 EDT | | CLF | Cliffs Natural May weekly volatility elevated on wide price movement
Cliffs Natural May weekly call option implied is at 60, May traditionals are at 49, June, July and October is at 49; compared to its 26-week average of 47 according to Track Data, suggesting large near term price movement. | | |
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