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Cleveland-Cliffs Announces Proposed Offering of Common Shares, including 40,000,000 Common Shares by ArcelorMittal


Press release content from Business Wire. The AP news staff was not involved in its creation.
Cleveland-Cliffs Announces Proposed Offering of Common Shares, including 40,000,000 Common Shares by ArcelorMittal
February 8, 2021 GMT
Cleveland-Cliffs Inc.
(NYSE: CLF) today announced that it has commenced an underwritten public offering (the “Offering”) of 60,000,000 common shares, par value $0.125 per share (the “Common Shares”), which consists of 40,000,000 currently outstanding Common Shares offered by ArcelorMittal North America Holdings LLC, an indirect, wholly-owned subsidiary of ArcelorMittal S.A. (the “Selling Shareholder”) and 20,000,000 Common Shares offered by the Company. The Company also intends to grant the underwriters a 30-day option to purchase an additional 9,000,000 Common Shares. ....

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Global Metal Ore Mining Market Trajectory & Analytics to 2027


Press release content from Business Wire. The AP news staff was not involved in its creation.
Global Metal Ore Mining Market Trajectory & Analytics to 2027 - ResearchAndMarkets.com
February 4, 2021 GMT
DUBLIN (BUSINESS WIRE) Feb 4, 2021
Amid the COVID-19 crisis, the global market for Metal Ore Mining estimated at US$495.4 Billion in the year 2020, is projected to reach a revised size of US$873.7 Billion by 2027, growing at a CAGR of 8.4% over the analysis period 2020-2027.
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Gold, one of the segments analyzed in the report, is projected to grow at a 9% CAGR to reach US$226.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Iron segment is readjusted to a revised 8.6% CAGR for the next 7-year period. This segment currently accounts for a 22% share of the global Metal Ore Mining market. ....

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