Cleveland-Cliffs Inc (NYSE: CLF) and Alpha Natural Resources,
Inc. (NYSE: ANR), today reported that on Aug. 22, 2008, the
Federal Trade Commission granted them early termination of the waiting
period under the Hart-Scott-Rodino Act for their proposed merger. The
merger transaction remains subject to additional approvals, including
Cleveland-Cliffs shareholder and Alpha stockholder approvals.
ABOUT CLEVELAND-CLIFFS INC
Cleveland-Cliffs Inc, headquartered in Cleveland, Ohio, is an
international mining company, the largest producer of iron ore pellets
in North America and a major supplier of metallurgical coal to the
global steelmaking industry. The Company operates six iron ore mines in
Michigan, Minnesota and Eastern Canada, and three coking coal mines in
West Virginia and Alabama. Cleveland-Cliffs also owns 85% of Portman
Limited, a large iron ore mining company in Australia, serving the Asian
iron ore markets with direct-shipping fines and lump ore. In addition,
the Company has a 30% interest in the Amapá
Project, a Brazilian iron ore project, and a 45% economic interest in
the Sonoma Project, an Australian coking and thermal coal project.
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distribution list, please click on the link below: http://www.cpg-llc.com/clearsite/clf/emailoptin.html
News releases and other information on the Company are available on the
Internet at: http://www.cleveland-cliffs.com
or www.cleveland-cliffs.com/Investors/Pages/default.aspx?b=1041&1=1
ABOUT ALPHA NATURAL RESOURCES
Alpha Natural Resources is a leading supplier of high-quality
Appalachian coal to the steel industry, electric utilities and other
industries. Approximately 89% of the company's reserve base is high Btu
coal and 82% is low sulfur, qualities that are in high demand among
electric utilities which use steam coal. Alpha is also the nation's
largest supplier and exporter of metallurgical coal, a key ingredient in
steel manufacturing. Alpha and its subsidiaries currently operate mining
complexes in four states, consisting of 57 mines supplying 11 coal
preparation and blending plants.
