Cliffs launches $200M share buyback program

Aug 25, 2014 | 04:35 PM | Nat Rudarakanchana

Tags  Cliffs Natural Resources, iron ore, supply chain, raw materials, Lourenco Goncalves, Casablanca Capital, Nat Rudarakanchana

NEW YORK — Iron ore miner Cliffs Natural Resources Inc.’s directors have authorized share buybacks worth up to $200 million, the company said Aug. 25.

"Under the proposed terms of the buyback program, the company is not obligated to make any purchases and the program may be suspended or discontinued at any time. The authorization....

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