Cliffs Cutting Iron Ore From One U.S. Mine

Reuters Africa reported Cliffs Natural Resources Inc (NYSE:CLF) is cutting production at one of its five iron ore mines.

As quoted in the market news:

Wall Street viewed the announcement positively, sending the company’s stock up 4.6 percent to $71.49 in Monday morning trading on the New York Stock Exchange.

Click here to read the full Reuters Africa report.