Cliffs Natural (CLF) Extended Deal with Essar a Positive - FBR

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Cliffs Natural (CLF) Extends Agreement with Essar Steel Algoma Though 2024

June 13, 2013 4:18 PM EDT

Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has entered into an agreement with Essar Steel Algoma Inc. to extend the iron ore Pellet Sale and Purchase Agreement between the two companies to 2024. The previous agreement was expected to expire in 2016. The Agreement... More