SOURCE: Industrial Info Resources

Industrial Info Resources

January 23, 2012 06:35 ET

Cliffs Natural Resources Outlines $1 Billion in 2012 Capital Spending, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jan 23, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Miner Cliffs Natural Resources Incorporated (NYSE:CLF) (Cleveland, Ohio) last week announced that the company is planning capital expenditures of approximately $1 billion in 2012. Of this, approximately $300 million will be for sustaining capital and $700 million for growth and productivity improvement.

As part of our North American and International Metals & Minerals Project Database, Industrial Info is tracking more than $5.6 billion of under-way and planned projects belonging to Cliffs.

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