Cliffs Announce Tentative Agreement with United Steelworkers

Cliffs Natural Resources CLF announced today a tentative agreement with the United Steelworkers (USW), on a new three-year labor contract offer that will cover approximately 2,400 USW-represented workers at Cliffs' Empire and Tilden mines in Michigan, and its United Taconite and Hibbing Taconite mines in Minnesota. David Blake, Senior Vice President, North America Iron Ore Operations, commented, "We are pleased to reach a new tentative labor contract that is fair and equitable to both parties, and provides Cliffs a competitive cost structure for future success.  Cliffs' most valuable resource is our employees, and we look forward to continuing our strong partnership." The agreement is pending ratification by USW local union memberships. No additional details will be released at this time. About Cliffs Natural Resources Inc. Cliffs Natural Resources Inc. is an international mining and natural resources company. A member of the S&P 500 Index, the Company is a major global iron ore producer and a significant producer of high- and low-volatile metallurgical coal. Cliffs' strategy is to continually achieve greater scale and diversification in the mining industry through a focus on serving the world's largest and fastest growing steel markets. Driven See full press release