Cliffs Ups N. American Production, Sales Expectations

摘要

Cliffs Natural Resources Inc., Cleveland, has announced increased production and sales volume expectations in its North American Business Unit, which includes its North American Iron Ore and North American Coal business segments. Cliffs said it now expects its North American Iron Ore business segment to achieve sales volume of about 16 million long tons in 2009, an increase from its previously announced expectation of 13 to 14 million tons. Cliffs also expects to collect cash for about 3 million tons of "bill and hold" sales in 2009.