Cliffs Natural to take $6 bln charge on coal, iron ore assets

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Cliffs Natural to take $6 bln charge on coal, iron ore assets

posted on Oct 17, 2014 10:18PM

Thomson Reuters

Oct 17 (Reuters) - Iron ore miner Cliffs Natural Resources
Inc said it expects to take a $6 billion impairment
charge on some coal and iron ore assets in the third quarter.

The company, due to report quarterly results on Oct. 27,
said the non-cash charge would not impact its cash flows from
operations or any future operations.

(Reporting by Anannya Pramanick in Bangalore; Editing by Don
Sebastian)

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