Cliffs Second Quarter Earnings

CLIFFS NATURAL RESOURCES IS REPORTING RECORD EARNINGS.

REVENUE IS UP 52 PERCENT FOR THE SECOND QUARTER OF THIS YEAR…FOR A RECORD OF ONE POINT EIGHT BILLION DOLLARS.

SECOND QUARTER 2011 NET INCOME ATTRIBUTABLE TO CLIFFS’ COMMON SHAREHOLDERS WAS 408 MILLION, OR $2.92 PER DILUTED SHARE.

THE COMPANY SAYS IMPROVEMENTS WERE DRIVEN BY HIGHER PRICING IN THE COMPANY’S IRON ORE BUSINESS SEGMENTS, ALONG WITH INCREMENTAL SALES FROM CLIFFS’ RECENTLY ACQUIRED BLOOM LAKE OPERATIONS IN EASTERN CANADA .