皇冠体育官网证券交易委员会,华盛顿特区20549

形式公布

目前的报告

根据1934年证券交易法第13或15(d)条

     
报告日期(最早报告事件的日期):   2007年3月5日

Cleveland-Cliffs公司 __________________________________________ ( 注册人的确切名称作为其宪章中指定)

     
俄亥俄州 1 - 8944 34 - 1464672
_____________________
(州或其他司法管辖区
_____________
(委员会
______________
(国税局雇主
合并) 文件数量) 识别号)
      
俄亥俄州皇冠体育市苏必利尔大道1100号   44114 - 2589
_________________________________
(主要行政办事处地址)
  ___________
(邮政编码)
     
注册人的电话号码,包括地区号码:   216-694-5700

不适用 ______________________________________________ 前名或前地址,如果改变了自去年报告

 

如果8-K表格的提交是为了同时满足注册人在以下任何规定下的提交义务,请勾选以下适当的方框:

[]根据《证券法》(17 CFR 230.425)第425条进行的书面沟通
[]根据《交易法》(17 CFR 240.14a-12)第14a-12条征求材料
[]根据《交易法》第14d-2(b)条(17 CFR 240.14d-2(b)条)进行的开工前通信
[]根据《交易法》第13e-4(c)条(17 CFR 240.13e-4(c)条)进行的开工前通信


表格顶部

项目8.01其他事项。

Cleveland-Cliffs Inc published a News Release on March 5, 2007 as follows:

Cleveland-Cliffs Closes on Transaction to Acquire 30% Interest in Brazilian Mine Project

Cleveland, OH—March 5, 2007—Cleveland-Cliffs Inc (NYSE: CLF) today announced that it has completed the previously announced transaction to acquire a 30 percent interest in the Amapá Mine, a Brazilian iron ore project.
Cliffs purchased 100 percent of the shares of Centennial Asset Mining Fund LLC, an affiliate of MMX Mineração e Metálicos SA ("MMX"), whereby it acquired 30 percent of the Amapá Project. Cliffs purchased the shares of Centennial Amapá for $133 million. The all-cash transaction was financed with cash on hand.
It is currently estimated that $350 million of additional capital will be required for the project to become fully operational, which will include approximately $250 million of project-level debt financing. Cliffs will be responsible for its 30 percent pro-rata share of equity capital. These funds will be used to procure mining equipment, construct an ore beneficiation plant and update rail and port infrastructure to support the project.

Cleveland-Cliffs President and Chief Executive Officer Joseph A. Carrabba said, "We are pleased to close this transaction, which marks Cliffs’ initial Latin American endeavor, and look forward to contributing to its long-term success.

"The project will employ its own management team, with Cliffs providing technical and administrative services, pursuant to a technical services agreement. Oversight of Cliffs’ interest in this project, as well as other potential opportunities in the region, will be coordinated from Cliffs’ newly opened office in Rio de Janeiro, Brazil," he concluded.

The Amapá Project includes a significant iron ore deposit and a 192 kilometer railway connecting the mine location to an existing port facility and 71 hectares of real estate on the banks of the Amazon River, reserved for a loading terminal. Annual production capacity is anticipated to be approximately 6.5 million tonnes of iron ore concentrate. Iron ore concentrate is expected to be sold, pursuant to a long-term supply agreement, to Gulf Industrial Investment Co., owner-operator of an iron oxide pelletizing plant in the Kingdom of Bahrain. Production is expected to begin in late 2007.

To be added to Cleveland-Cliffs’ e-mail distribution list, please use the link below:
http://www.cpg-llc.com/clearsite/clf/emailoptin.html

Cleveland-Cliffs Inc, headquartered in Cleveland, Ohio, is the largest producer of iron ore pellets in North America and sells the majority of its pellets to integrated steel companies in the United States and Canada. Cleveland-Cliffs Inc operates a total of six iron ore mines located in Michigan, Minnesota and Eastern Canada. The Company is majority owner of Portman Limited, an iron ore mining company in Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore.

This news release contains predictive statements that are intended to be made as "forward-looking" within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. Although the Company believes that its forward-looking statements are based on reasonable assumptions, such statements are subject to risk and uncertainties.

Actual results may differ materially from such statements for a variety of reasons, including: ability of the Amapá Project to achieve projected levels of production, delays in the start of production of the Amapá Project beyond late 2007, changes in global demand for iron ore by integrated steel producers due to changes in steel utilization rates, consolidation and rationalization, operational factors, and electric furnace production; availability of capital equipment and component parts; availability of float capacity; changes in the financial condition of the Company’s partners and/or customers; rejection of major contracts and/or venture agreements by customers and/or participants under provisions of the U.S. Bankruptcy Code or similar statutes in other countries; inability to achieve expected production levels; failure to receive or maintain required environmental permits; problems with productivity, labor disputes, weather conditions, fluctuations in ore grade, tons mined, changes in cost factors including energy costs, transportation and employee benefit costs; and the effect of these various risks on the Company’s future cash flows, debt levels, liquidity and financial position.

Reference is also made to the detailed explanation of the many factors and risks that may cause such predictive statements to turn out differently, set forth in the Company’s Annual Report for 2005, Reports on Form 10-K and Form 10-Q and previous news releases filed with the Securities and Exchange Commission, which are publicly available on Cleveland-Cliffs’ website. The information contained in this document speaks as of the date of this news release and may be superseded by subsequent events.

News releases and other information on the Company are available on the Internet at:
http://www.cleveland-cliffs.com .

SOURCE: Cleveland-Cliffs Inc
CONTACT: Media: 1-216-694-4870
Financial Community: 1-800-214-0739, or 1-216-694-5459






表格顶部

签名

根据1934年《证券交易法》的要求,注册人已正式授权以下签字人代表其签署本报告。

         
    Cleveland-Cliffs公司
          
2007年3月8日   由:   小乔治·w·霍克
       
        姓名:小乔治·w·霍克
        职务:总法律顾问兼秘书