Davis Polk advised the joint book-running managers and representatives of the several underwriters on the $300 million SEC-registered offering by Cliffs Natural Resources Inc. of approximately 44.4 million of its common shares.

Headquartered in Cleveland, Ohio, Cliffs is a leading mining and natural resources company in the United States. The company is a major supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. Cliffs also operates an iron ore mining complex in Western Australia.

The Davis Polk corporate team included partners Richard D. Truesdell Jr. and Shane Tintle and associate John H. Runne. Partner Michael Farber and associates Sam R. Van Peperstraete and Andrew Imber provided tax advice. Counsel Loyti Cheng and associate Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.

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