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Cliffs Natural Resources Inc. Announces Intent to Cross List Common Shares on NYSE Euronext's European Market

bwire




CLEVELAND (Business Wire) -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced that it
intends to list its common shares on the Professional Compartment of
NYSE Euronext Paris in April 2009.



Cliffs indicated that there will be no changes to its capital structure
or share count as a result of the cross listing and that it will
maintain its current listing on the New York Stock Exchange. Shares
traded on NYSE Euronext Paris will be denominated in Euros. Euroclear,
the pan-European settlement agency, will coordinate share transfers with
The Depository Trust Corp. (DTC). The Company's ticker symbol—"CLF"—will
be the same on both trading venues.


Cliffs stated that, as its scale and international presence continue to
increase, it is attracting greater numbers of investors based outside of
the United States, particularly in Europe. The cross listing is intended
to promote additional liquidity for all investors and provide greater
access to Cliffs' shares among European fund managers who may be
required to invest in Euro-zone markets or currencies only.


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please click on the link below: http://www.cpg-llc.com/clearsite/clf...


About Cliffs Natural Resources Inc.


Cliffs Natural Resources is an international mining and natural
resources company. We are the largest producer of iron ore pellets in
North America, a major supplier of direct-shipping lump and fines iron
ore out of Australia and a significant producer of metallurgical coal.
With core values of environmental and capital stewardship, our
colleagues across the globe endeavor to provide all stakeholders
operating and financial transparency as embodied in the Global Reporting
Initiative (GRI) framework. Our Company is organized through three
geographic business units:


The North American business unit is comprised of six iron ore mines
located in Michigan, Minnesota and Eastern Canada, and two coking coal
mining complexes located in West Virginia and Alabama. The Asia Pacific
business unit is comprised of two iron ore mining complexes in Western
Australia and a 45% economic interest in a coking and thermal coal mine
in Queensland, Australia. The South American business unit includes a
30% interest in the Amapa Project, an iron ore project in the state of
Amapa in Brazil, as well as a number of smaller greenfield projects not
yet in production.


Over recent years, Cliffs has been executing a strategy designed to
achieve scale in the mining industry and focused on serving the world's
largest and fastest growing steel markets