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Cliffs Natural Resources Inc. Takes Actions to Reduce Metallurgical Coal Production.

Publication: Business Wire
Publication Date: 10-APR-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
CLEVELAND -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF), citing a continuing softness in the demand for metallurgical coal used by the steel industry, announced that it is taking a number of steps at its mines in West Virginia and Alabama to align its 2009 production with customer demand.

In West Virginia, its wholly owned subsidiary Pinnacle Mining Company, LLC ("Pinnacle"), has indefinitely idled its Green Ridge No. 1 mine. In addition, its Pinnacle mine will halt production beginning on April 13 for approximately two months. Layoffs associated with the idling of the Green Ridge No. 1 mine and reduced operations at the Pinnacle Prep Plant affect 90 employees. The production curtailment at the Pinnacle mine will affect approximately 200 employees.

Operating levels at Cliffs' wholly owned Alabama subsidiary Oak Grove Resources, LLC, will also be reduced, resulting in the layoff of about 65 employees at its Oak Grove mine and...



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