CLEVELAND, May 20, 2016 /PRNewswire/ -- Cliffs Natural
Resources Inc. (NYSE: CLF) announced today it took
top honors at the fourth Annual Platts Global Metals Award for the
Industry Leadership Award for Raw Materials & Mining. Cliffs
Natural Resources and its leadership were recognized for its
strategic vision and strong operating performance. The winners were
announced last night during the Global Metals Awards ceremony in
London, England.
Lourenco Goncalves said, "It is a
tremendous honor to be selected and recognized by Platts as the top
mining company within the metals industry. There is no real company
without an effective strategy, and no strategy without execution. I
want to thank my senior executive management team, and all Cliffs'
employees for their great execution and great commitment with our
company."
The "Industry Leadership Award" honors a company that has taken
decisive action resulting in a substantial transformation or change
of direction in their sector of the metals industry. Leadership,
market expansion, corporate integrity and financial success are the
core characteristics these categories celebrate. In addition, they
praised the "strong culture of safety" that allowed Cliffs to
maintain -- even improve -- its record of outperforming industry
peers in safety metrics.
Judges noted how, under the leadership of CEO Lourenco Goncalves, Cliffs was able to sidestep
the issues associated with shrinking steel demand in China by electing to withdraw from the
volatile seaborne iron ore market and make a strategic shift to
focus on its US iron ore business, taking advantage of the
opportunities for growth in supplying steelmakers with higher grade
direct-reduced iron. Judges hailed Cliffs as "prescient" and
commended the Company's Board of Directors for hiring Mr.
Goncalves, "a man who could make tough decisions" to set a new
standard for his industry.
Cliffs was selected among six finalist companies by an
independent panel of judges for the Industry Leadership Award - Raw
Materials & Mining.
About Cliffs Natural Resources Inc.
Cliffs Natural
Resources Inc. is a leading mining and natural resources company in
the United States. The Company is
a major supplier of iron ore pellets to the North American steel
industry from its mines and pellet plants located in Michigan and Minnesota. Cliffs also operates an iron ore
mining complex in Western
Australia. Driven by the core values of safety, social,
environmental and capital stewardship, Cliffs' employees endeavor
to provide all stakeholders operating and financial
transparency.
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SOURCE Cliffs Natural Resources Inc.