Casablanca calls Cliffs Natural revised proxy 'desperate ploy' Casablanca Capital, the beneficial owner of approximately 5.2% of Cliffs Natural Resources,issued the following statement on the latest Cliffs press release: “This is a desperate last-minute ploy by a self-interested Board that will stop at nothing to keep its seats, maintain the status quo and prevent real change in our view. We are confident shareholders understand that the only way to achieve meaningful change that will restore value is to vote on the GOLD proxy card as recommended by both leading proxy advisory services at the annual meeting of shareholders set for July 29.”
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".