Cliffs Natural Resources (CLF) Stock Advancing Today on Coal Assets Sale

NEW YORK (TheStreet) -- Shares of Cliffs Natural Resources Inc. are higher by 5.15% to $8.58 in early afternoon trading on Wednesday, after the company announced its plan to sell its Logan County Coal assets in southern West Virginia to Coronado Coal II LLC, for $175 million in cash. The company said the assets sale is "another important step in executing our strategy to transform Cliffs into a stronger, pure-play U.S. iron ore supplier." The company is planning on using the proceeds to reduce ...