Cliffs recognized for good corporate governance

Cliffs recognized for good corporate governance

Cleveland-Cliffs has been recognized as being in the top one percentile of companies with good corporate governance practices. According to a survey conducted by the Institutional Shareholder Services (ISS) Cleveland-Cliffs score on the Corporate Guidance Quotient exceeded 99.3% and higher than more than 99% of all materials companies reviews by ISS. "Throughout our organization, we promote the highest level of ethical conduct and corporate governance practices,” said John S. Brinzo, chairman and chief executive officer “At Cliffs, ethical standards are not simply a set of rules, but rather the way we live and work day to day. Mr. Brinzo went on to reaffirm Cliff’s commitment to bettering their corporate practices. Cleveland, Ohio-based Cleveland-Cliffs Inc is the largest producer of iron ore pellets in North America and sells the majority of its pellets to integrated steel companies in the United States and Canada. The company operates a total of six iron ore mines located in Michigan, Minnesota and Eastern Canada and is the majority owner of Portman Limited, the third-largest iron ore mining company in Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore.