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Message: Miner Cliffs says considering sale of North American coal business



Thomson Reuters






April 28 (Reuters) - Coal and iron-ore producer Cliffs
Natural Resources said on Tuesday that it was
considering a sale of its North American coal business.


The company's net loss attributable to shareholders widened
to $772.6 million, or $4.26 per share, in the first quarter
ended March 31, from $83.1 million, or 54 cents per share, a
year earlier.


Revenue fell 27.5 percent to $446 million.


The company said the results take into account the impact of
the North American Coal and the Canadian businesses being
treated as discontinued operations.

(Reporting by Tanvi Mehta in Bengaluru; Editing by Sriraj
Kalluvila)

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