Cliffs Natural Resources celebrates 170 years of mining
Cliffs Natural Resources Inc. rang the closing bell at the New York Stock Exchange May 1. Lourenco Goncalves, Cliffs’ Chairman, President and Chief Executive Officer, the company’s board of directors and executive management team participated in the event to celebrate the company’s 170 year anniversary.
Goncalves said: “I am very proud and honored to lead the largest and oldest mining company in the United States. For nearly two centuries, Cliffs has been instrumental in building and shaping our society by supplying the U.S. domestic steel industry with its most vital ingredient—iron ore. Today, we are commemorating and celebrating the achievements, ingenuity and hard work of our past and present employees.”
“Cliffs has a long history of navigating through the difficult times of a highly cyclical business,” Goncalves continued. “Despite steel industry consolidation and ownership changes, let alone wars and financial crises, the resilience of Cliffs and its people has led to times of profitable growth and great prosperity. Being in business for 170 years is a genuine testament to the resolve and vision of our predecessors who helped build Cliffs into the strong and resilient company it is today. Built on this strong heritage, we will carry this rich tradition forward to ensure Cliffs is a successful company for many more decades ahead.”
Headquartered in Cleveland, Ohio since 1847, Cliffs went public on the New York Stock Exchange in 1960.