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UPDATE 2-Cliffs Natural to take $6 bln charge on coal, iron ore assets

2014-10-17 16:41:19| IT Services - Topix.net

Cliffs Natural Resources Inc said it would record a non-cash charge of $6 billion in the third quarter to write down the value of some coal and iron ore assets due to weak prices. Cliffs Natural replaced it chief executive in July and said it would sell underperforming assets after New York-based fund Casablanca Capital triumphed in a proxy battle.

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