Cliffs To Scoop Up INR Coal Operations For $757M

Law360, New York (July 6, 2010, 12:42 PM EDT) -- Cliffs Natural Resources Inc. announced Tuesday that it would pay $757 million to acquire the West Virginia coal mining operations of privately held INR Energy LLC, aiming to complement and boost its current coal output with INR's high-quality thermal and metallurgical coal products.

When completed, the deal will give Cliffs control over INR's metallurgical and thermal coal mining complex with state-of-the-art coal preparation and processing facilities in southern West Virginia, as well as a long-life reserve base with approximately 68 million tons of metallurgical coal and...
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