Cliffs Natural recommends shareholders support current board Cliffs Natural Resources issued the following statement, "This late addition to the Casablanca Capital slate removes any doubt that Casablanca continues to try to acquire control of the Cliffs board of directors. Cliffs believes in shareholder representation on the board, but believes that handing over control of the board to a single minority shareholder with a short-term and value destructive agenda would put the company and all other shareholders at significant risk. We recommend that shareholders support Cliffs’ nine highly qualified and experienced director nominees, who are already executing a plan to enhance value for all 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".