| Xstrata - CHF.l is one of the world’s largest mining and metals companies - a major producer of seven commodities such as coal, copper, nickel and zinc.|
The company has operations in more than 20 countries and employs more than 70,000 people.
"Cliffs Natural Resources Announces North American Thermal Coal Sales and Production Volume Adjustments
CLEVELAND, June 15, 2012 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that it is reducing its full-year 2012 thermal coal sales and production volume expectations from 1.1 million tons to approximately 800,000 tons at its Toney Fork No. 2 surface mine in Man, WV. The adjustment is driven by a softer U.S. pricing environment for thermal coal products. The decreased volumes will result in the reduction of 46 hourly positions at the mining operation along with 13 salaried positions within the Company's administrative offices, effective June 15, 2012."