Eastern Canada Helps Cliffs Natural Resources in Third-Quarter 2013 as Iron Ore Volumes Decline
SUGAR LAND--October 28, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--With an impending change in leadership, Cliffs Natural Resources Incorporated (NYSE:CLF) (Cleveland, Ohio) produced a third-quarter 2013 revenue of $1.5 billion, about the same as the third quarter of 2012. The international mining and natural resources company attributed the flat-line to the increase in global seaborne iron, lower market prices for coal products, and iron ore sales. Industrial Info is tracking $2.6 billion in projects for Cliffs, including the expansion of the Bloom Lake iron ore mine in Fermont, Quebec.
