Cliffs Natural Resources (CLF -0.8%) says it will record $1.36B in Q4 impairment charges tied to...

|About: Cliffs Natural Resources Inc. (CLF)|By:, SA News Editor

Cliffs Natural Resources (CLF -0.8%) says it will record $1.36B in Q4 impairment charges tied to iron ore assets, including ~$1B for Consolidated Thompson Iron Mines to reflect lower long-term volumes and higher capital and operating costs than expected. CLF paid ~$5B for the Canadian miner in 2011.