Just in case anyone is interested...

Cliffs Corporate Structure

North American Business Unit

Iron Ore

• Empire Mine, MI: 79% ownership
• Tilden Mine, MI: 85% ownership
• Hibbing Taconite, MN: 23% ownership
• Northshore Mining, MN: 100% ownership
• United Taconite, MN: 100% ownership
• Wabush Mine, NL: 26% ownership

Coal

• Pinnacle and Green Ridge Mines, WV: 100% ownership
• Oak Grove Mine, AL: 100% ownership

Other Cliffs Ventures

• Renewafuel LLC, MI: 70% Ownership

Asia-Pacific Business Unit

• Cliffs Natural Resources Pty Ltd, Australia: 100% ownership
• Sonoma Project, Australia: 45% ownership

Latin America Business Unit

• Amapa Mine, Brazil: 30% ownership

CORE VALUES

Safe Production
Record production with: lack of injuries...good housekeeping and orderly work areas...well-maintained equipment...proper training and procedures...looking out for and correcting each other...safe conditions and behavior...Sentinel of Safety qualification

Customer Focus
Listening to the customer...being responsive and on time...meeting quality expectations...helping the customer succeed

Creating Economic Value
Doing the right things right the first time...elimination of waste and inefficiency...breakthroughs in productivity and technology

Bias for Action
Getting things done...reduced red tape..."barrierless"...call anybody you want...management by fact....plan the work, work the plan

Trust, Respect and Open Communication
Open access to information...constructive conflict...delegation to the appropriate level...toleration of failure in pursuit of business success...encouraging and accepting different views...feeling an obligation to explain your actions to those affected...gender and racial diversity

Group and Individual Accountability
Behaving in line with our core values...being responsible for our actions...providing plans/standards/expectations...holding yourself and/or the group to a high standard of performance...walk the talk

Integrity
Doing what you say you are going to do...no hidden agendas...doing the right thing...being truthful...zero tolerance...not walking away from a situation...being credible

Teamwork
Actively involve others in decision-making...know when to take a leadership role and when to be an active member...recognize the value of teamwork and the synergy it creates

Recognize and Reward Achievement
Celebrating successes...stress training and development...an effective appraisal of performance...expressing a simple thank you

Environmental Stewardship
Going beyond compliance...being socially responsible...anticipating and addressing potential impacts before they occur...personal accountability...operating to preserve the environment for future generations

SRV