Cliffs Announces Significant Adjustments to 2013 Operating Plan

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Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Cliffs Announces Significant Adjustments to 2013 Operating Plan

posted on Nov 19, 2012 09:56AM

Monday, November 19, 9:29 AM Cliffs Natural Resources (CLF) +3.7% premarket after announcing adjustments to 2013 operating plans for its North American iron ore businesses to align with expected sales volumes. CLF will delay portions of its Bloom Lake Mine Phase II expansion in Quebec, idle two of four production lines at Northshore Mining in Minnesota and temporarily idle production at its Empire Mine in Michigan.

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