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This is just a brief part of the Report, go to their web site for full details.

http://www.cliffsnaturalresources.com/Pages/Home.aspx

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bwire






CLEVELAND (Business Wire) -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today
reported third-quarter results for the period ended Sept. 30, 2010.
Increased sales volumes and favorable pricing contributed to the
Company's record-breaking third-quarter consolidated revenues, operating
income, net income, diluted EPS and free cash flow results.




Third-quarter consolidated revenues were $1.3 billion, more than double
last year's $666.4 million in the same quarter. Operating income for the
third quarter increased to $389.2 million, up 383% from $80.5 million in
the comparable 2009 quarter. Net income was $297.4 million, or $2.18 per
diluted share, up from $58.8 million, or $0.45 per diluted share, in the
third quarter of 2009.




Joseph A. Carrabba, Cliffs' chairman, president and chief executive
officer, said, "Our continued strategic efforts to increase our
business' exposure to seaborne markets has contributed to another
record-breaking quarter. Our iron ore business segments continue to
contribute to our significant cash generation momentum. During the
quarter, we were also able to strengthen our balance sheet by raising $1
billion in public debt, which we believe is reflective of our swift
response to the 2009 downturn followed by a strong performance in 2010,
diversification efforts and positive outlook. This solid capital
structure not only fortifies our ability to invest in current
operations, but also allows us to explore additional strategic
transactions and advance current projects in our global portfolio of
assets."