CLIFFS

Cliffs Natural Resources specializes in operating mines and exploiting natural resources. Net sales break down by activity as follows:

• production of iron ore granules in North America (65.7%; North American No.1): owns, at the end of 2008, 6 mines located in the United States (5) and Canada;
• production of iron ore in Asia-Pacific (21.3%): operating through 2 mines located in Australia;
• production of coal in North America (9.6%): owns 2 coal mines in the United States;
• other (3.4%): primarily operation of a coal mine in Australia and an iron mine in Brazil.
• Geographically, net sales are distributed as follows: the United States (44.8%), China (21.4%), Canada (15.9%), Japan (7.3%) and other (10.6%).