My source seems reliable
Comes from the field
also read following
Cliffs Natural Resources Inc. Announces Acquisition of INR Energy, LLC�s West Virginia Coal Operations
Ticker Symbol: U:CLF X:BOURSE:CLF
CLEVELAND -- (Business Wire) --
Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that it has entered into a definitive agreement to acquire all of the coal operations of privately owned INR Energy, LLC, a producer and exporter of high-volatile metallurgical and thermal coal. Cliffs said it plans to finance the $757 million acquisition through available liquidity, including cash on hand and the Company�s $600 million credit facility. The transaction is expected to close within 60 days and is subject to customary closing conditions, including Hart-Scott-Rodino review.