Cliffs Natural Resources: A Look Back At The Year 2015
Cliffs Natural Resources’ revenue and EBITDA decreased 56% and 63% year-over-year, respectively, driven by the deconsolidation of the Eastern Canadian Iron Ore operations (which filed for bankruptcy in 2014), a decline in iron ore prices, a drop in iron ore production levels due to weak demand conditions, and the sale of the loss-making North American Coal division.
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Cost reduction initiatives and the impact of the sale of the loss-making coal mining operations partially offset the negative impact of top line headwinds on results.
Have more questions about Cliffs Natural Resources? See the links below.
- What Is Cliffs Natural Resources’ Fundamental Value Based On 2015 Results?
- What Is Cliffs Natural Resources’ Revenue And EBITDA Breakdown?
- How Has Cliffs Natural Resources’ Revenue Composition Changed Over The Last 5 Years?
- By What Percentage Did Cliffs Natural Resources’ Revenue & EBITDA Decline Over The Last 5 Years?
- By What Percentage Can Cliffs Natural Resources’ Revenue & EBITDA Change Over The Next 3 Years?
- How Will Cliffs Natural Resources’ Revenue Composition Change by 2020?
- How Do Cliffs Natural Resources’ Margins Compare With Those Of Iron Ore Mining Giants Such As Rio Tinto And Vale?
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