Cliffs Natural Resources Inc. and United Steelworkers Reach New Labor Agreement for Bloom Lake Mine in Quebec

PR Newswire/Les Echos/ 
Cliffs Natural Resources Inc. and United Steelworkers Reach New Labor
Agreement for Bloom Lake Mine in Quebec 
CLEVELAND, Aug. 29, 2013 -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris:
CLF) announced today that the United Steelworkers Union local membership have
ratified a three-year labor contract agreement for its Bloom Lake Mine in
Fermont, Quebec. The new labor agreement covers approximately 300 represented
Duke Vetor, executive vice president, global operations services, commented, "We
are pleased to reach a new labor contract with mutually aligned performance
objectives that is fair and equitable to both parties. This labor agreement
provides Cliffs with a sustainable cost structure and a highly skilled workforce
that will be key to our ability to stay competitive in a challenging global
market. Cliffs values our longstanding relationship with the United Steelworkers
and we are pleased to begin this new chapter in Quebec." 
About Cliffs Natural Resources Inc. 
Cliffs Natural Resources Inc. is an international mining and natural resources
company. A member of the S&P 500 Index, the Company is a major global iron ore
producer and a significant producer of high- and low-volatile metallurgical
coal. Cliffs' strategy is to continually achieve greater scale and
diversification in the mining industry through a focus on serving the world's
largest and fastest growing steel markets. Driven by the core values of social,
environmental and capital stewardship, Cliffs associates across the globe
endeavor to provide all stakeholders operating and financial transparency. 
The Company is organized through a global commercial group responsible for sales
and delivery of Cliffs' products and a global operations group responsible for
the production of the minerals the Company markets. Cliffs operates iron ore and
coal mines in North America and an iron ore mining complex in Western Australia.
In addition, Cliffs has a major chromite project, in the feasibility stage of
development, located in Ontario, Canada. 
Forward-Looking Statements 
This release contains forward-looking statements within the meaning of the
federal securities laws. Although the Company believes that its forward-looking
statements are based on reasonable assumptions, such statements are subject to
risks and uncertainties relating to Cliffs' operations and business environment
that are difficult to predict and may be beyond Cliffs' control. Such
uncertainties and factors may cause actual results to differ materially from
those expressed or implied by forward-looking statements for a variety of
reasons including without limitation: the uncertainty or weakness in global
economic and/or market conditions including downward pressure on prices and
reduced market demand; trends affecting our financial condition, results of
operations or future prospects, particularly any slowing of the economic growth
rate in China for an extended period; the ability to successfully integrate
acquired companies and achieve post-acquisition synergies, including without
limitation, Consolidated Thompson; the ability to reach agreement with our iron
ore customers regarding modifications to sales contract pricing escalation
provisions; the outcome of any contractual disputes with our customers, joint
venture partners or significant energy, materials or services providers, or any
other litigation or arbitration; changes in sales volume or mix; the impact of
price-adjustment factors on our sales contracts; our ability to successfully
identify and consummate any strategic investments; unanticipated downturns in
business relationships with customers or their purchases from us; events or
circumstances that could impair or adversely impact the viability of a mine and
the carrying value of associated assets; the results of pre-feasibility and
feasibility studies in relation to projects; impacts of increasing governmental
regulation and related costs, including failure to receive or maintain required
environmental permits, approvals, modifications or other authorization of, or
from, any governmental or regulatory entity; the ability to achieve planned
production rates or levels; our actual economic ore reserves or reductions in
current resource estimates; adverse changes in currency values, currency
exchange rates, interest rates and tax laws; the ability to maintain adequate
liquidity and successfully implement our financing plans; our ability to
maintain appropriate relations with unions and employees and renew expiring
collective bargaining agreements on satisfactory terms; availability of capital
equipment and component parts; the amount and timing of any insurance recovery
proceeds with respect to Oak Grove Mine; risks related to international
operations; potential existence of significant deficiencies or material weakness
in our internal control over financial reporting; and problems or uncertainties
with productivity, third party contractors, unanticipated geological conditions,
weather conditions, natural disasters, tons mined, changes in cost factors, the
supply or price of energy, equipment failures, transportation, mine-closure
obligations and employee benefit costs and other risks of the mining industry;
and other factors and risks that are set forth in the Company's most recently
filed reports with the Securities and Exchange Commission. The information
contained herein speaks as of the date of this release and may be superseded by
subsequent events. Except as may be required by applicable securities laws, we
do not undertake any obligation to revise or update any forward-looking
statements contained in this release. 
News releases and other information on the Company are available on the Internet
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SOURCE Cliffs Natural Resources Inc. 
Director, Investor Relations, (216) 694-6532; Patricia Persico, Director, 
Global Communications, (216) 694-5316 office; EASTERN CANADA MEDIA RELATIONS: 
Arlene Beaudin, District Manager, Public Affairs, Directrice, 
affaires publiques, T 418.964.3041 C 418.965.0287 
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-0- Aug/30/2013 10:34 GMT
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