Cliffs Natural Resources Inc. Announces Outlook for Recently Acquired Consolidated Thompson Operations and Update for North American Coal Business Segment
(Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )
Outlook for Bloom Lake Operations (metric tons)
As previously disclosed, Cliffs completed its acquisition of Consolidated Thompson on
Revenue per ton of
Capital expenditures related to the
For the full year 2012, Cliffs said it anticipates
In addition, Cliffs anticipates 2012 capital expenditures related to
Update for North American Coal Business Segment (Short tons)
As the result of previously disclosed severe weather damage to the preparation plant and overland conveyor system at the Company's
Cliffs also indicated that sporadically over the last two weeks higher than ambient levels of carbon monoxide have been detected in a section of its
Prior to the recent events at the Pinnacle and
About
The Company is organized through a global commercial group responsible for sales and delivery of Cliffs products and a global operations group responsible for the production of the minerals the Company markets. Cliffs operates iron ore and coal mines in
News releases and other information on the Company are available on the Internet at: http://www.cliffsnaturalresources.com
'Safe Harbor' Statement under the Private Securities Litigation Reform Act of 1995
This news release contains predictive statements that are intended to be made as 'forward-looking' within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. Although the Company believes that its forward-looking statements are based on reasonable assumptions, such statements are subject to risk and uncertainties including, that the integration of Consolidated Thompson proceeds without proving to be more difficult, time consuming or costly than expected; that production increases at
Actual results may differ materially from such statements for a variety of reasons, including: the uncertainty or weakness in global economic and/or market conditions, including any related impact on prices; trends affecting our financial condition, results of operations or future prospects; Cliffs' ability to achieve the synergies and the strategic and other objectives related to the acquisition of Consolidated Thompson; the outcome of any contractual disputes with our customers or significant suppliers of energy, materials or services; our ability to successfully complete the repair and refurbishment work at the
Reference is also made to the detailed explanation of the many factors and risks that may cause such predictive statements to turn out differently, set forth in our Annual Report and Reports on Form 10-K, Form 10-Q and previous news releases filed with the
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