Cliffs Natural Resources Inc. Announces Proxy Voting Results
CLEVELAND--(BUSINESS WIRE)-- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that the following individuals were elected as directors of the Company at its Annual Meeting of Shareholders. Nine of the Company's 10 directors are considered independent directors.
-- Ronald C. Cambre, Former Chairman and Chief Executive Officer of Newmont Mining Corporation. -- Joseph A. Carrabba, Chairman, President and Chief Executive Officer of the Company. -- Susan M. Cunningham, Senior Vice President of Exploration of Noble Energy Inc. -- Barry J. Eldridge, Former Managing Director and Chief Executive Officer of Portman Limited. -- Susan M. Green, Deputy General Counsel, U.S. Congressional Office of Compliance. -- James D. Ireland III, Chairman and Managing Director of Capital One Partners, Inc. -- Francis R. McAllister, Chairman and Chief Executive Officer of Stillwater Mining Company. -- Roger Phillips, Former President and Chief Executive Officer of IPSCO Inc. -- Richard K. Riederer, Chief Executive Officer of RKR Asset Management. -- Alan Schwartz, Professor of Law at Yale Law School and Professor at the Yale School of Management.
Shareholders also voted to approve the ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm.
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Cliffs' corporate governance guidelines, as well as news releases and other information on the Company, are available on the Internet at: http://www.cliffsnaturalresources.com or www.cliffsnaturalresources.com/Investors/Pages/default.aspx?b=1041&1=1
About Cliffs Natural Resources Inc.
Cliffs Natural Resources (NYSE: CLF) (Paris: CLF) is an international mining and natural resources company. We are the largest producer of iron ore pellets in North America, a major supplier of direct-shipping lump and fines iron ore out of Australia and a significant producer of metallurgical coal. With core values of environmental and capital stewardship, our colleagues across the globe endeavor to provide all stakeholders operating and financial transparency as embodied in the Global Reporting Initiative (GRI) framework. Our Company is organized through three geographic business units:
The North American business unit is comprised of six iron ore mines owned or managed in Michigan, Minnesota and Eastern Canada, and two coking coal mining complexes located in West Virginia and Alabama. The Asia Pacific business unit is comprised of two iron ore mining complexes in Western Australia and a 45% economic interest in a coking and thermal coal mine in Queensland, Australia. The Latin American business unit includes a 30% interest in the Amapa Project, an iron ore project in the state of Amapa in Brazil, as well as a number of smaller greenfield projects not yet in production.
Over recent years, Cliffs has been executing a strategy designed to achieve scale in the mining industry and focused on serving the world's largest and fastest growing steel markets.
Source: Cliffs Natural Resources Inc.
Released May 12, 2009