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  • Cliffs Natural Resources: What The End Game Looks Like [View article]
    Cliffs Taconite 50 % of U. S. Market..... has long term contracts at $ 70 a ton.

    This year's Cliffs capital expenditure budget includes conversion work to Dr & Flux Pellets...... Priced on U. S. Iron Scrap at $ 260 per Ton !

    http://bit.ly/1NhfJFa
    Wednesday, August 12, 2015 6:00 am
    by Bill Hanna Mesabi Daily News

    CLEVELAND — Cliffs Natural Resources has already factored both conversion work at Northshore Mining in Babbitt for direct reduced iron and super flux pellet production at United Taconite into its capital budget expenditures. “Any capital expenditures for these two projects are already factored into our overall capital budget for this year,” said Patricia Persico, Cliffs’ director of corporate communications, in an email response to the Mesabi Daily News.

    In addition, the company is moving on the permitting process.
    “We have the air permit for Northshore and we have submitted for permitting necessary for UTAC. This is underway and we are waiting for this to be finalized,” Persico said
    Aug 18, 2015. 11:53 AM | 2 Likes Like |Link to Comment
  • Cliffs Natural Resources: What The End Game Looks Like [View article]
    Soon Cliffs Ore Sales ... Will Not Be Tied to China ore.

    Cliffs Natural Resources has already factored both conversion work at Northshore Mining in Babbitt for direct reduced iron and super flux pellet production at United Taconite into its capital budget expenditures. “Any capital expenditures for these two projects are already factored into our overall capital budget for this year,” said Patricia Persico, Cliffs’ director of corporate communications, in an email response to the Mesabi Daily News.
    Aug 17, 2015. 04:07 PM | 3 Likes Like |Link to Comment
  • Cliffs Natural Resources: What The End Game Looks Like [View article]
    Not True..... Conversion to Direct Reduction Ore in 2016 capex.
    Aug 17, 2015. 02:48 PM | 1 Like Like |Link to Comment
  • Cliffs Natural Resources: What The End Game Looks Like [View article]
    Cliffs capital expenditure budget includes conversion work at Northshore 2016

    Cliffs Natural Resources has already factored both conversion work at Northshore Mining in Babbitt for direct reduced iron and super flux pellet production at United Taconite into its capital budget expenditures. “Any capital expenditures for these two projects are already factored into our overall capital budget for this year,” said Patricia Persico, Cliffs’ director of corporate communications, in an email response to the Mesabi Daily News.
    Aug 17, 2015. 02:47 PM | 2 Likes Like |Link to Comment
  • Cliffs Natural Resources: What The End Game Looks Like [View article]
    Cliffs capital expenditure budget includes conversion work at Northshore for Mesabi Trust Ore into Direct Reduction pellets. Higher Prices and Volumes expected from scrap iron smelters, means higher revenues.

    Cliffs Natural Resources has already factored both conversion work at Northshore Mining in Babbitt for direct reduced iron and super flux pellet production at United Taconite into its capital budget expenditures. “Any capital expenditures for these two projects are already factored into our overall capital budget for this year,” said Patricia Persico, Cliffs’ director of corporate communications, in an email response to the Mesabi Daily News.
    Aug 17, 2015. 02:46 PM | 1 Like Like |Link to Comment
  • Mitsubishi Motors to end producing cars in U.S. [View news story]
    Getting ready for TPP ?
    Jul 27, 2015. 09:20 AM | Likes Like |Link to Comment
  • Cliffs Natural Resources Is As Likely To Default As It Is To Survive By The End Of 2017 [View article]
    U. S Department of Commerce, Today.

    "New orders for manufactured durable goods in June increased $7.7 billion or 3.4 percent to $235.3 billion, the U.S. Census Bureau announced today.
    Nondefense new orders for capital goods in June increased $6.9 billion or 9.4 percent to $80.8 billion. Shipments decreased $0.1 billion or 0.2 percent to $78.6 billion. Unfilled orders increased $2.2 billion or 0.3 percent to $759.2 billion. Inventories increased $1.0 billion or 0.6 percent to $177.5 billion. "
    Jul 27, 2015. 09:18 AM | 2 Likes Like |Link to Comment
  • Vale surges 7% on plan to cut iron ore supply [View news story]
    Since there is no... Sarbanes–Oxley Act of 2002 (Pub.L. 107–204, 116 Stat. 745, enacted July 30, 2002), also known as the "Public Company Accounting Reform and Investor, Brazil Tried to Kill competitors with low prices. With No Real Accounting...... Vale do Rio Douce is sour, not sweet

    Brazil economy is in Toilet after PetroBras and offshore estimated fields bust... 100 million for 10 New Football Stadiums for 2 games each, and Summer Olympics construction large National budget Deficits....... Remember, PetroBras is like PMEX... Government supported companies.
    Jul 13, 2015. 04:09 PM | Likes Like |Link to Comment
  • Creditors evaluate Greece's new proposal [View news story]
    PM Tsipras may have "Blinked"........ But Greeks VOTED 61 % ...

    .... " NO Austerity " !
    Jul 10, 2015. 09:55 AM | Likes Like |Link to Comment
  • Everything Has Changed: Oil, Saudi Arabia, And The End Of OPEC [View article]
    Honest Saudi.

    In 2000, Sheikh Yamani, former oil minister of Saudi Arabia, gave an interview in which he said:

    "Thirty years from now there will be a huge amount of oil - and no buyers. Oil will be left in the ground. The Stone Age came to an end, not because we had a lack of stones, and the oil age will come to an end not because we have a lack of oil."
    May 11, 2015. 12:15 PM | 1 Like Like |Link to Comment
  • Cliffs Natural downgraded at BMO as iron ore oversupply "not letting up" [View news story]
    Seabourn Iron Ore Australia, China, etc supply and prices....... Have Nothing to Do wil U. S. Great Lakes IO Market, of which Cliffs supplies 60 percent at $ 102 per ton.
    Apr 10, 2015. 12:07 PM | Likes Like |Link to Comment
  • Cliffs Natural Resources: Negatives Outweigh Positives [View article]
    Perhaps shutting down one of their four taconite mills, will reduce costs and increase thruput of three operating mills, lowing per ton cost of production.
    Apr 10, 2015. 12:04 PM | Likes Like |Link to Comment
  • Poor Brazil [View article]
    No potable water in largest city of Sao Paulo due to long term drought, together with 50 % loss of total ecectric generating capacity due to loss of hydro-electic generation... will cause migration and de-population.

    A crisis that Dilma cannot solve. Brazil will never "Be the Country of the Future" it always said. PetroBras debacle adds to economic collapse.
    Mar 18, 2015. 07:31 AM | 3 Likes Like |Link to Comment
  • Barring An Increase In Iron Ore Pricing, Cliffs Is Insolvent In The Medium Term [View article]
    Scrap Costs More than IO !
    Feb 20, 2015. 04:02 PM | Likes Like |Link to Comment
  • Barring An Increase In Iron Ore Pricing, Cliffs Is Insolvent In The Medium Term [View article]
    The solution to Revenue issue...... is Volume at long term domestic delivery Contract rates which are $ 35 per Ton or more above foreign sea-borne (index) delivered rates !
    Feb 9, 2015. 12:13 PM | 2 Likes Like |Link to Comment
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