Cliffs ‘well aware’ of threat from Great Lakes projects

Apr 26, 2013 | 06:40 PM | Stacy Irish

Tags  Cliffs Natural Resources, Joseph Carrabba, iron ore, Great Lakes projects, Stacy Irish

NEW YORK — Cliffs Natural Resources Inc. is "well aware" of the competition it could face from new iron ore projects that have been announced in North America’s Great Lakes region over the past two years.

"Naturally, we are monitoring these projects on a regular basis and we are well aware of the potential competition we could face later this decade," Cliffs chairman, president and chief executive officer Joseph Carrabba said April 25 during an earnings conference call with analysts. ....

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