New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 27, 2014
09:08 EDTCLF, MTCliffs Natural announces extended supply agreement with ArcelorMittal
Cliffs Natural Resources (CLF) announced that it has entered into a revised commercial agreement with ArcelorMittal (MT) USA to supply iron ore pellets for an additional two years through the end of January 2017, with a mutual option to extend for a third year. In addition, Cliffs and ArcelorMittal USA have also extended their joint partnership for the Empire Mine located on the Marquette Iron Range in Michigan.Previously, Cliffs had announced an impending closure of the Empire Mine. Until the amended commercial agreement was reached with ArcelorMittal, the Empire Mine did not have a customer for pellet production beyond FY14. In addition, the partnership arrangement was scheduled to expire automatically in December, without the mutual agreement of both companies to extend. With this decision, Cliffs and ArcelorMittal will extend the life of this mining operation into FY16. Cliffs is maintaining its FY14 full-year sales and production volume expectation of 22M-23M tons from its U.S. Iron Ore business. Cliffs' FY14 U.S. Iron Ore cash-cost-per-ton expectation is $65-$70. The company said that this extension would require very limited capital.
News For CLF;MT From The Last 14 Days
Check below for free stories on CLF;MT the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 15, 2014
08:36 EDTCLFCliffs pays $11M to Halverson in connection with employment termination
Subscribe for More Information
August 14, 2014
13:03 EDTMTArcelorMittal expresses interest in Italian steelmaker Ilva, Reuters says
ArcelorMittal is said to have sent a non-binding expression of interest for Italian steelmaker Ilva, says Reuters. Reference Link
August 13, 2014
12:22 EDTCLFIron ore prices at lowest level in months, Business Spectator says
Subscribe for More Information
August 12, 2014
09:59 EDTMTArcelorMittal shares attractive, says Bernstein
Subscribe for More Information
06:38 EDTMTArcelorMittal Brazil boss says local price view solid, Reuters says
Subscribe for More Information
August 8, 2014
11:31 EDTMTArcelorMittal comments on Liberia options
Subscribe for More Information
August 7, 2014
10:44 EDTCLFCliffs Natural appoints Goncalves as Chairman, President and CEO
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use