| Business Summary | | Cleveland-Cliffs
Inc.
has
two
business
segments
offering
differing
iron
products
and
services
to
the
steel
industry.
Iron
ore
is
the
Company's
dominant
segment
and
ferrous
metallics
is
the
other
segment.
The
Company
manages
and
owns
interests
in
mines,
sells
iron
ore,
controls,
develops
and
leases
reserves
to
mine
owners
and
owns
ancillary
companies
providing
services
to
the
mines.
Iron
ore
production
activities
are
conducted
in
North
America.
Iron
ore
is
marketed
in
North
America
and
Europe.
The
ferrous
metallics
segment
consists
of
a
hot
briquetted
iron
venture
project
located
in
Trinidad
and
Tobago
and
other
developmental
activities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CLF
is
engaged
in
the
production
and
sale
of
iron
ore
pellets
to
integrated
steel
companies.
CLF
controls,
develops
and
leases
reserves
to
mine
owners;
manages
and
owns
interests
in
mines;
sells
iron
ore;
and
provides
ancillary
services
to
the
mines.
For
the
six
months
ended
6/30/01,
total
revenues
fell
29%
to
$133.2
million.
Net
loss
totaled
$24.7
million
vs.
an
income
of
$7.5
million.
Results
reflect
reduced
iron
ore
production
and
lower
gross
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| John Brinzo, 59 Chairman,
CEO | $836K | $20K | Thomas O'Neil, 60 Pres,
COO | 485K | -- | David Gunning Vice
Chairman | -- | -- | William Calfee, 54 Exec.
VP - Commercial | 432K | 12K | Cynthia Bezik, 47 Sr.
VP-Fin. | 371K | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|