Cliffs Natural Resources Inc. Oak Grove Mine Impacted by Severe Weather in Alabama
Friday, 29 April 2011 11:03
Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF)reported that during the evening of April 27, 2011 its above ground operations at its Oak Grove Mine in Alabamawere struck by severe weather, including a tornado storm.
All mine operations employees are accounted for and safe with no known injuries at this point in time. Cliffs indicated that it does appear that the severe weather did significant damage to the mine's preparation plant and overland conveyor system and this, along with overall infrastructure damage in Alabama, will impact future customer deliveries.
Cliffs cautioned that it is extremely early in the damage assessment process being conducted by its operations team, and therefore, difficult to accurately forecast potential business impact. The Company will continue with its assessment and further information will be communicated as appropriate and available.
