Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Cliffs Natural sees quick pop following headlines suggesting asset sales• 2:57 PM

Carl Surran, SA News Editor

  • Cliffs Natural Resources (CLF +0.7%) CEO Lourenco Goncalves says he is not under any deadline to sell non-core assets, and urges investors to be patient.
  • On S&P's downgrade of CLF's credit rating, mostly because of falling iron ore prices, the CEO says the rating agency is "predicting the past."
  • CLF’s share price has fallen by more than half since Goncalves took over in August.
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