Cleveland-Cliffs Inc declares dividend.CLEVELAND--(BUSINESS WIRE)--Nov. 14, 1995--Cleveland-Cliffs Inc today announced that its Board of Directors declared a quarterly dividend of $.325 per common share. The dividend is payable December 27, 1995 to shareholders of record as of the close of business on December 12, 1995. Cleveland-Cliffs Inc subsidiaries manage seven iron ore mines in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Australia. The Company has equity interests in six of the mines, holds a major iron ore reserve position in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , is a substantial iron ore merchant, and is pursuing development of a direct reduced iron Direct reduced iron is produced from iron ore powder through heating and chemical reduction by natural gas. While this is in general a more expensive process than reducing the ore in a blast furnace, there are several factors which can make it economical: CONTACT: Cleveland-Cliffs Inc., Cleveland David L. Gardner, Manager, Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most , 216/694-5407 |
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