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    Cliffs Natural Resources And Global Economic Uncertainty

    Thu, 06/21/2012 - 04:50 EDT - Seeking Alpha
    • BHP
    • CLF
    • Doolan Wesley
    • RIO
    • VALE

    By Doolan Wesley:Cliffs Natural Resources Inc. (CLF) is an international mining and natural resources company. The company harvests metallurgical coal and iron ore and sells to steel producers. Currently the stock is trading around $52 a share, and has fallen $50 from the 52 week high of $102.The main culprit of the fall is simply supply and demand taking its toll on the company. With the world economy weakening, and the decreasing natural gas prices creating a decreased demand for coal, Cliffs has seen its company's value drop. Cliffs announced recently that it plans to cut production of coal at its mine in West Virginia by 300,000 tons which will result in a total production of 800,000 tons annually.
    Click to enlarge:
    Although there is much negativity streaming from this company, Cliffs recently announced that the company was considering upgrading one of its U.S. coal mines into a gas mine. ThisComplete Story »

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    Related

    • Cliffs Natural Worth $75 A Share Even With Production Cuts

      By Kraken:Cliff Natural Resources (CLF) recently announced that they will be cutting back production at its West Virginia mine. The company plans to lower production by 300,000 tons, which would put the mine's output at 800,000 tons. (click to enlarge)

    • Cliff's Natural Resources to See 10% Uptick From Acquisition

      Trefis submits: Cliffs Natural Resources (CLF) is an international mining and natural resources company. It is the largest producer of iron ore pellets in North America and a major supplier of direct-shipping lump and fines iron ore out of Australia. It is also a significant producer of metallurgical coal.

    • Cliffs Natural Resources: Support Reached

      By Doolan Wesley:The global demand for iron ore has not been easy on iron ore miner Cliffs Natural Resources (CLF) as of late. In 2012 the company was just bombarded by negative quarterly reports, showing a grim global demand for iron ore. With Cliffs now trading at 52-week lows, it is easy to be bearish on this stock.

    • Cliffs Natural Resources Now Trading Near Tangible Book Value

      By Taylor Jordan:Investor concerns for Cliffs Natural Resources (CLF) are well justified. With a slowing global economy, getting out of a company with a 60 month beta of 2.42, increasing expenses and thus decreasing profits is hard to argue against.

    • Rising Iron Ore Prices Bolster Cliffs' Stock Value

      Trefis submits: Cliffs Natural Resources (NYSE:CLF) could be looking at another good year in 2011. After ending 2010 on an extremely profitable note, the company could get another helping hand from rising global iron ore prices. Cliffs looks poised to capitalize on its position as the largest producer of iron ore pellets in North America.

    • Cliffs' Coal Sales in North American to More than Double

      Trefis submits: Cliffs Natural Resources (CLF) has been reinforcing its position as the largest producer of iron ore pellets in North America. It is also a major supplier of direct-shipping lump and fines iron ore out of Australia. Moreover, in recent years it has forayed into the coal business and is today a significant producer of metallurgical coal.

    • 2 Bullish Analysts See 40% To 100% Upside In Cliffs Natural Resources

      By Trade In Mexico:Cliffs Natural Resources (CLF) is one of the world's largest producers of iron ore and coal. Before the financial crisis in 2008, the coal and iron ore business was great to be in. Back then, rising energy prices boosted demand for coal, and growth in China was also creating increased demand for iron ore, which is used to make steel.

    • Cliffs Natural Resources: Cheapest Way To Play Iron Ore Recovery, But 7% Dividend Yield Not Sustainable

      By Qineqt:Iron ore and coal markets have been suffering from oversupply, depressed demand, low prices, and high inventory levels, which have continuously resulted in downward slides. We reiterate our previous recommendation on iron ore of staying cautious in the near-term and being bullish in the long-term.

    • Key Challenges for Cliffs' Iron Ore Business in North America

      Trefis submits: Cliffs Natural Resources (NYSE:CLF) holds the distinction of being the largest producer of iron ore pellets in North America – a position it reinforced with the acquisition of Consolidated Thompson Iron Mines recently.

    • Is Cliffs Natural Resources' Losing Its Giant Advantage?

      Trefis submits: Cliffs Natural Resources (CLF) holds the distinction of being the largest producer of iron ore pellets in North America. It is also a major supplier of direct-shipping lump and fines iron ore out of Australia and also a significant producer of metallurgical coal.

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