Headquartered in Cleveland, Cliffs Natural Resources specializes in the mining of iron core and coal. It employs around 4,000 people and boasts a 28% share of the iron-ore pellet market. In 2011, Cliffs Natural Resources acquired  Consolidated Thompson Iron Mines. It only began The company only began producing (and receiving revenue from) coal only since the third quarter of 2007. While the company’s revenue has generally been stable, its gross did not follow suit, rendering expenses high even when total revenue was not.

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