Cliffs slashes 2014 capex by another $100M
May 28, 2014 | 09:01 AM
| Michael Cowden
CHICAGO Cliffs Natural Resources Inc. plans to slash 2014 capital spending by $100 million, or 25 percent, in the face of volatile seaborne iron ore and metallurgical coal prices.
The cuts will have no impact on production, employees, projects or customers, a Cliffs spokeswoman told AMM via e-mail May 28, adding that the companys existing sales volume outlook remains unchanged.....
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