Can Cliffs Natural Resources Turn Things Around?

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

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Can Cliffs Natural Resources Turn Things Around?

posted on Oct 06, 2014 08:25AM

seekingalpha.com
By: FNF Solutions
Oct 6, 2014

Can Cliffs Natural Resources Turn Things Around?

Summary

Through the course of these 2 months, problems for the mining company have continued to mount particularly for its mines in Australia.
Trends in iron ore prices indicated a 42% drop in 2014 to a 5-year low.
Casablanca Capital aims to counter crisis through sale of foreign assets and buyback of shares.
Future prospects are still shaky as any concrete turnaround would depend on implementation of counter measures.
Extremely risky investment and no noteworthy returns expected in the near future.