Casablanca condemns Cliffs Natural's decision to postpone annual meeting Casablanca Capital issued the following statement condemning Cliffs Natural Resources for its decision to indefinitely postpone its annual meeting of shareholders previously scheduled for May 13: "The Board that owns virtually no shares and has presided over an 80% value destruction is in our view showing its true colors by indefinitely postponing a shareholder vote and falsely suggesting that the delay was advocated by Casablanca. We look forward to engaging in a substantive dialogue with other Cliffs shareholders."
Cliffs Natural finalizes energy agreement with We Energies in U.P. of Michigan Cliffs Natural (CLF) has finalized an interim power agreement with Wisconsin Energy's (WEC) utility energy segment We Energies for its Michigan operations. The company stated that this is "one key step in a series of contemplated short and long-term agreements that are essential to the viability of its iron ore mines in the Upper Peninsula".