Cliffs opts to keep Pinnacle Mine open

Aug 08, 2014 | 02:44 PM | Nat Rudarakanchana

Tags  Cliffs Natural Resources, Pinnacle Mine, mining, coal, metallurgical coal, metallurgical coal, West Virginia mine, Lourenco Goncalves iron ore

NEW YORK — Cliffs Natural Resources Inc.’s new management has decided against idling its Pinnacle metallurgical coal mine in West Virginia.

"Reversing a decision made by the previous management team and to facilitate unlocking the value of its assets, the company has determined that it no longer intends to idle the Pinnacle Mine," Cliffs said in an Aug. 7 filing with....

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