%PDF-1.2% 23 0 obj<< /Linearized 1 /O 25 /H [ 734 221 ] /L 34594 /E 19238 /N 4 /T 34016 >> endobj xref23 16 0000000016 00000 n 0000000667 00000 n 0000000955 00000 n 0000001111 00000 n 0000001225 00000 n 0000002015 00000 n 0000002735 00000 n 0000003260 00000 n 0000003642 00000 n 0000006079 00000 n 0000006207 00000 n 0000013110 00000 n 0000013792 00000 n 0000014216 00000 n 0000000734 00000 n 0000000934 00000 n trailer<]>>startxref0%%EOF 24 0 obj<< /Type /Catalog /Pages 11 0 R /JT 21 0 R >> endobj37 0 obj<< /S 94 /Filter /FlateDecode /Length 38 0 R >> stream Hb```f``b 1ħ VęLbWqV&600tt4 F $9b^E  ζ*%]c4 `!endstreamendobj38 0 obj116 endobj25 0 obj<< /Type /Page /Parent 11 0 R /Resources 26 0 R /Contents 31 0 R /MediaBox [ 0 0 612 1008 ] /CropBox [ 0 0 612 1008 ] /Rotate 0 >> endobj26 0 obj<< /ProcSet [ /PDF /Text ] /Font << /F2 28 0 R /F6 27 0 R >> /ExtGState << /GS1 32 0 R >> >> endobj27 0 obj<< /Type /Font /Subtype /Type1 /FirstChar 32 /LastChar 181 /Widths [ 250 333 555 500 500 1000 833 278 333 333 500 570 250 333 250 278 500 500 500 500 500 500 500 500 500 500 333 333 570 570 570 500 930 722 667 722 722 667 611 778 778 389 500 778 667 944 722 778 611 778 722 556 667 722 722 1000 722 722 667 333 278 333 581 500 333 500 556 444 556 444 333 500 556 278 333 556 278 833 556 500 556 556 444 389 333 556 500 722 500 500 444 394 220 394 520 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 500 500 250 250 250 250 250 747 250 250 250 250 250 250 250 570 250 250 250 556 ] /Encoding /WinAnsiEncoding /BaseFont /DOEMDC+Times-Bold /FontDescriptor 30 0 R >> endobj28 0 obj<< /Type /Font /Subtype /Type1 /FirstChar 32 /LastChar 181 /Widths [ 250 333 408 500 500 833 778 180 333 333 500 564 250 333 250 278 500 500 500 500 500 500 500 500 500 500 278 278 564 564 564 444 921 722 667 667 722 611 556 722 722 333 389 722 611 889 722 722 556 722 667 556 611 722 722 944 722 722 611 333 278 333 469 500 333 444 500 444 500 444 333 500 500 278 278 500 278 778 500 500 500 500 333 389 278 500 500 722 500 500 444 480 200 480 541 350 350 350 0 0 0 0 0 0 0 0 0 0 0 350 350 350 350 0 333 444 444 350 500 0 0 0 0 0 0 350 350 0 250 0 500 500 0 0 0 0 0 760 0 0 0 333 0 0 0 564 0 0 0 500 ] /Encoding /WinAnsiEncoding /BaseFont /DOEMDA+Times-Roman /FontDescriptor 29 0 R >> endobj29 0 obj<< /Type /FontDescriptor /Ascent 699 /CapHeight 662 /Descent -217 /Flags 34 /FontBBox [ -168 -218 1000 898 ] /FontName /DOEMDA+Times-Roman /ItalicAngle 0 /StemV 84 /XHeight 450 /CharSet (/four/E/S/parenright/p/quotedblleft/T/five/q/bullet/U/g/B/r/space/six/b/\V/C/s/a/seven/c/W/D/l/comma/t/eight/e/G/hyphen/u/quotedblright/nine/H/f/\I/Y/v/period/colon/h/P/J/Z/F/w/dollar/slash/d/i/L/endash/semicolon/y/N/z\ero/j/M/z/n/one/A/k/O/two/m/quoteright/x/Q/three/o/parenleft/R/K)/FontFile3 33 0 R >> endobj30 0 obj<< /Type /FontDescriptor /Ascent 699 /CapHeight 676 /Descent -205 /Flags 262178 /FontBBox [ -168 -218 1000 935 ] /FontName /DOEMDC+Times-Bold /ItalicAngle 0 /StemV 139 /XHeight 461 /CharSet (/zero/X/eight/M/T/u/A/H/O/g/nine/k/v/two/m/asterisk/C/o/d/R/c/D/l/N/four\/E/S/e/G/hyphen/n/five/U/f/I/period/r/space/h/P/V/F/s/a/W/i/K/L/t)/FontFile3 36 0 R >> endobj31 0 obj<< /Length 2383 >> stream 1 g /GS1 gs 1 i 18.21 989.85 575.76 -449.04 re f BT /F2 1 Tf 12 0 0 12 25.65 967.77 Tm 0 g 0 Tc 0 Tw ( )Tj /F6 1 Tf 10.079 0 0 10.079 197.97 941.13 Tm -0.0001 Tc 0.0001 Tw (SECURITIES AND EXCHANGE COMMISSION)Tj 5.6672 -2.6431 TD 0 Tc 0 Tw (Washington D.C. 20549)Tj ET 0.5 g 233.25 896.01 145.68 -0.48 re f BT 13.44 0 0 13.44 273.09 866.4901 Tm 0 g (FORM 8-K)Tj -2.1786 -1.2143 TD (CURRENT REPORT)Tj /F2 1 Tf 10.079 0 0 10.079 229.41 823.53 Tm (Pursuant to Section 13 or 15\(d\) of the)Tj 0.9763 -1.2858 TD (Securities Exchange Act of 1934)Tj -21.1925 -2.5717 TD (Date of Report \(date of earliest event reported\): January 8, 2002 )Tj /F6 1 Tf 18 0 0 18 196.05 751.05 Tm (CLEVELAND-CLIFFS INC)Tj ET 0.5 g 25.65 744.81 560.88 -0.48 re f BT /F2 1 Tf 10.079 0 0 10.079 200.61 731.61 Tm 0 g (\(Exact name of registrant as specified in its charter\))Tj 12 0 0 12 25.65 718.17 Tm 2.09 Tc [( )-13540( )-10760( )]TJ 10.079 0 0 10.079 108.45 706.41 Tm 0 Tc 8.9175 Tw [(OHIO)-8192.7( 1-8944 )2785.1( )1000.1(34-1464672)]TJ ET 0.5 g 25.65 702.57 190.32 -0.48 re f BT 10.079 0 0 10.079 216.21 695.1301 Tm 0 g 0 Tw ( )Tj ET 0.5 g 244.29 702.57 156.96 -0.48 re f BT 10.079 0 0 10.079 401.49 695.1301 Tm 0 g ( )Tj ET 0.5 g 429.57 702.57 156.96 -0.48 re f BT 10.079 0 0 10.079 67.17 683.8501 Tm 0 g (\(State or other jurisdiction)Tj 1.9049 -1.1192 TD [(of incorporation\))-6078.8( )]TJ 20.7639 1.1192 TD (\(Commission)Tj -0.0238 -1.1192 TD [(File Number\) )-4859.3( )]TJ 18.0493 1.1192 TD (\(IRS Employer)Tj -0.7144 -1.1192 TD (Identification No.\))Tj 12 0 0 12 25.65 659.61 Tm 22.77 Tc [( )21500( )14020( )19280( )]TJ 10.079 0 0 10.079 81.81 647.8501 Tm 0 Tc [(1100 Superior Avenue, Cleveland, Ohio)-5727.8( )-12013.1( )-988.2(44114)-976.7( )]TJ ET 0.5 g 25.65 644.01 276 -0.48 re f BT 10.079 0 0 10.079 301.89 636.5701 Tm 0 g 12.0131 Tc ( )Tj ET 0.5 g 428.13 644.01 44.64 -0.48 re f BT 10.079 0 0 10.079 473.01 636.5701 Tm 0 g 0 Tc ( )Tj -38.6942 -1.1192 TD [(\(Address of principal executive offices\))-5833.8( )-12013.1( )-11.9(\(Zip Code\))]TJ -5.691 -2.524 TD [(Registrants telephone number, including area code: )-249.9(\(216-694-5700\))]TJ ET 0 G 0 J 0 j 0.24 w 10 M []0 d 241.17 598.89 m 305.01 598.89 l S 0.5 g 25.65 581.85 560.88 -0.48 re f BT 10.079 0 0 10.079 180.93 570.3301 Tm 0 g (\(Former name or former address, if changed since last report\) )Tj 12.2869 -2.6907 TD ( )Tj ET endstreamendobj32 0 obj<< /Type /ExtGState /SA false /SM 0.02 /OP false /BG 35 0 R /UCR 34 0 R /HT /Default /TR /Identity >> endobj33 0 obj<< /Filter /FlateDecode /Length 6811 /Subtype /Type1C >> stream H|V LY.Z[**8ʡT3xB 4M4"(4 ܈G"x3(^.d"<6n3ټ|ߗy8&p_t ĪfƪFd7[p,9 8Aq́d+L_jslǸϥnnf]OiF9o:sn evZ*9AMPąkuZJP(cb+GoHPT'u3U&ARuuJMTjxBDp%AQ4b?l Fb&:`^8`a+x0o*BGRAT'Ο^t?d^u;›vW+` 3) P% 0ϣ+|/mY3Z >~D { я6:6VۦnHK| Ix\"WT'VA($`/AY@{BI ٶ#=B`;TSy*o7j˄I;ܐ(3-u#SEoLŲv|dHJL܉_ӻ}2)#Yf؈\bl~XU1S`2cD&QaWe7w:wL6H}c,E]&$0iT˩ϝ:w9wD/uAl^ii:WߍnqXHY~ NAS@ = #rhQeaZzFYBȀ273 g@.ܙ]Bd־=eMȃAe.vo>8K*z4wXZ .BaV}ie(A 7ʐVg1ڂZOuk}EEUMd7Ѓ< SB&$֗v V6 ]B2O$y6fIFhR]4DJ*ksh=S"7E1,Uw73(\}]э9SVOjӼR@%[b<3n2qڏOW^ֱ[OT 'Cq+#0VB.@";0y|@5 F5:MfhofcaxH[dFD~i;7"tǀmջã\7^88 E,=wPy6G1n-AmN\V.CQ>(]`yr26f!)~?Iﴶ϶6q"<uI+;JHN$CZ,x+WDҳo/(\]~7w) 9LK! nհA֐m\hy;4פb3VyMšOX"v$6ZijH즒z~wN^C"k D"gI/q'wCU5hq}+avg*D19@P^_F}oQ7e/0j]_*&%MM 47l$R%vOASSwbeb/WFZ>ƣKYƌfRHjR 0!Z"~h$v鑾%yR%q:Тq춈xaHjvKR3)k iD>F!vBo`@fR eҰ82)ԶdT;,t{24 AIi!qHCxpl1[(WI&5-}Fb >vZ3~Lo%!y4gnmsL甦2l`Z"};=᎓$v3mp7`m{ 'JjR1 ]1חdZYr>:d.~Zȁ+ T)*ps=5+Z24z{%%Ω;VBV@?|t>֘AGO~\G'nC>*FWӟBvہxYz.>ZϢ{p&}[Sb}\ NK8`gFLѶvKW_}7 BfE5F*Dȡ1T5Qpe't>ɜ/;v1O ?_Kv`kJwFOoM@0 Ne1>lmBԁg[7>Ss#bl%M+cл;.ĭրU%RR{ CLG /Ï/@x3"Fnl'm_H_ ::lgc}C] /Ȩ: pE.c\ߤlVeq $1ݡ`98=`EM[x~x!7/?rk~a4c AEu$R!]$`WH6H˷k oI.GA{v\gzO7ͅ~2zēU4DZ"秞@r|〦:0(BH ,O _}XwwjNXd ̃ zA:*)і19ɵWje@H;J,C2L!/f2e ~@(>\^Y#g_2].X0KL#_2BaPX D 7?~m1.@9I4FNa]}U}Z3.-y患&Q>ڼV'vݍ wM;* }:f̅u+~ٖo+VN=nfM(TUSXA|}4_\AFV= +EUHϞ8/n<pxF>]m[ݣ Ps ҐaAXz:֌ XVhnuEFEYuDeIooWj1D}@!$+JeK+,a))剨]KHAk,icXr:3r#%[Wm]6HsemӔIHbh=8thlyTiA!f-: 5 r0iP Ah7уSg.@=˰t6T)iVL&2{nTZb<CSe”yw*/x a%Gv1nF]?`#pڵ'ʁt/)^G~uz%{3Jj7.4OWzҤ8Dy$竝SkﲩߋپϚv揰frQ<@7r?:Dp\ endstreamendobj34 0 obj<< /FunctionType 0 /Domain [ 0 1 ] /Range [ -1 1 ] /BitsPerSample 16 /Size [ 256 ] /Length 527 /Filter /FlateDecode >> stream H  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~ ? endstreamendobj35 0 obj<< /FunctionType 0 /Domain [ 0 1 ] /Range [ 0 1 ] /BitsPerSample 8 /Size [ 256 ] /Length 271 /Filter /FlateDecode >> stream H  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~  endstreamendobj36 0 obj<< /Filter /FlateDecode /Length 4777 /Subtype /Type1C >> stream H\TyPgfAqiǕgp8" Pa 3 r\5 a@Prx$FsZzXz{w59:`8BWE~k^!]=+0~&сgD4G^<W#**^Gg]`i[e%\KZV/АjmP)q'=.V-M2lըVe34zjYjM3 $ojNw0b5F)d'FU*MH!YM5ddiTK?V%&7*PgܱըM&ZM][1\x&1W 0Lcn8a S-  %HGl#+9b$։]~j{"wQbVX"ڈfrP"؜.O?`25g7S|H#].KKЩ]SuoMqB/d_ ʠJO;cNO߲ٮ;Ÿ)YOӵE L꾒ELQ{QA6(ˋb76o閔[SZr>Cf_Ks 0zȌ$`&B@xCWM71f[30|Ep X%ddڝ#0K ]:<4&'h6L#p(B qfjFZn|8"mr#`; Ax4x"(J474y\-Uf Ig3 EejaKY8%H $/pCRY0*Hu:b !-NE0C+q (1C-w;qv]4l#ŖC5=x'+n'%6۴e09\pC`25F݆@g=1{1 8p?o; Jj,-4Ctۮ4u|ȓƐx֖~M_n +Ծk&>Ooߚd Pír80'yAfoQ08jnVZkjr& & T\|6 (/a Jr܅J @-/_d0iW#t]]o(;)mKOˣJ㥰[O0?Cfb֐ͩ0ޏ性?X֎&(GDCP7x@|v2잂̴}(Fj''xN:$sˏhDKyO RG#r>S3 Tlb.NoEyB,wvph9Cz;6DBƬ6a>xQslQi~_\t;ݲ|63PJr}ɀ3ٌ:O@A>QWQ.q ),_,EA IM~Nj-җ}%nt[MP <-(ڰPvvgNMb~` n8zfIV+{QT>^ dj^^Zbܡ2K67NH&b.L[^$RqՅE~׾E-n{6.cQi~ǚ.Rм<ϫG,B%sB%6JyX6l`lU۽_PQ:%dv"(t:}!顒UW~P:,T#u%]qMu?FB=&VW(v-c:Yf1HIHrrLtEP'䀶,";toB$24;]p=UO]ђG =?-l4 \8Y; nz,J5 點Y%lqm >>5ʆF}.h:Sᱠ.-ueo@t} '9{dbDO#p{c[V&pG0QfeIXȒb9T(9ݳs+TU˜54;$V#*ⷴ1EL|MY,GA YTZuXUo38D*&N>XUUsv.x0ƍOytn_V⶷dMXOn#IFiSTo뵖B'T䰦!?FfOf&oD?x|sl`|H*R8U9{C7s\wF}uhX"M`iP&3X.H/N}xI?=`PD gpUȵk*{ o/GQ*џ2Lpco8-xLK:@(z-I//ڕ\W3G *4ǭΘ!r\]%|9-j;r"NЏ7V47ȱ}#"o׮sm{&G78Iobjs5rZ_o O aWs*C| |JfTk"CXzw{H?Aydd,^ :]xy E@`-iҼpoJF d)6*!(ax^-,m,`e=m|4ֲ<-| 39~-:9`t6Ѹ[̾XH (U:kroi\,l-uxn%+@Esőy3{T#|Ђ)kj]̶kewT]{MKo/MY'w_1 K&֯]lM~(;w1blLS^;Gq39~(]Sns=<|?:D~jj endstreamendobj1 0 obj<< /Type /Page /Parent 11 0 R /Resources 2 0 R /Contents 3 0 R /MediaBox [ 0 0 612 1008 ] /CropBox [ 0 0 612 1008 ] /Rotate 0 >> endobj2 0 obj<< /ProcSet [ /PDF /Text ] /Font << /F2 28 0 R /F6 27 0 R /F12 10 0 R >> /ExtGState << /GS1 32 0 R >> >> endobj3 0 obj<< /Length 5007 >> stream 1 g /GS1 gs 1 i 18.21 989.85 575.76 -555.36 re f BT /F2 1 Tf 12 0 0 12 25.65 979.05 Tm 0 g 0 Tc 0 Tw ( )Tj /F6 1 Tf 10.079 0 0 10.079 25.65 952.41 Tm (ITEM 9. Regulation FD Disclosure.)Tj /F2 1 Tf 0 -2.5717 TD ( Cleveland-Cliffs Inc published a News Release on January 8, 2002 as follows: )Tj /F6 1 Tf 18.5494 -2.5955 TD (Cleveland-Cliffs Taking Actions to Address)Tj 2.3097 -1.2382 TD (Current Economic Environment)Tj /F12 1 Tf -20.8591 -2.5717 TD -0.0001 Tc 0.0001 Tw ( CLEVELAND, OH )Tj /F2 1 Tf 9.4421 0 TD 0 Tc 0 Tw ()Tj /F12 1 Tf 0.5 0 TD ( January 8, 2002 )Tj /F2 1 Tf 6.8594 0 TD ()Tj /F12 1 Tf 0.5 0 TD ( Cleveland-Cliffs Inc \(NYSE:CLF\) today announced several actions to conserve cash and )Tj -17.3014 -1.1192 TD (improve financial results during a period of significant change and uncertainty in the North American steel industry. )Tj 0 -2.524 TD ( )Tj /F2 1 Tf 1.6906 0 TD ()Tj /F12 1 Tf 0.5477 0 TD 1.4168 Tw [( Cliffs)]TJ /F2 1 Tf 3.9446 0 TD 0 Tw ()Tj /F12 1 Tf 0.333 0 TD ( 82 percent owned hot briquetted iron plant in Trinidad and Tobago will remain idle until market fundamentals permit a )Tj -2.6108 -1.1192 TD (resumption of operations. Holding costs are being reduced to the absolute minimum while protecting the asset. Full year idle )Tj T* (costs, before depreciation, are not expected to exceed $6 million.)Tj -3.9051 -1.1192 TD ( )Tj T* ( )Tj /F2 1 Tf 1.6906 0 TD ()Tj /F12 1 Tf 0.5477 0 TD [( )-1416.8(The quarterly dividend on common shares, which was 10 cents per share, has been suspended. This action will save over )]TJ 1.6668 -1.1192 TD ($4 million annually.)Tj -3.9051 -1.1192 TD ( )Tj T* ( )Tj /F2 1 Tf 1.6906 0 TD ()Tj /F12 1 Tf 0.5477 0 TD [( )-1416.8(All operating and administrative costs are being challenged and reduced wherever possible.)]TJ -2.2383 -2.5241 TD ( Given the severe economic environment confronting Cliffs)Tj /F2 1 Tf 24.8547 0 TD ()Tj /F12 1 Tf 0.333 0 TD ( steel company customers and partners, the Company expects its business )Tj -25.1877 -1.1192 TD (fundamentals will continue to be difficult. While there is substantial uncertainty regarding Cliffs)Tj /F2 1 Tf 38.5755 0 TD ()Tj /F12 1 Tf 0.333 0 TD ( pellet sales volume and the pellet )Tj -38.9085 -1.1191 TD (requirements of partner companies, current operating plans for 2002 are as follows: )Tj 0 -2.524 TD ( )Tj /F2 1 Tf 1.6906 0 TD ()Tj /F12 1 Tf 0.5477 0 TD 1.4168 Tw [( Tilden )1416.8(Mine )]TJ /F2 1 Tf 6.8884 0 TD 0 Tw ()Tj /F12 1 Tf 0.5 0 TD ( operate near the mine)Tj /F2 1 Tf 8.8852 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s 7.8 million ton capacity)Tj -18.8448 -1.1192 TD ( )Tj T* ( )Tj /F2 1 Tf 1.6906 0 TD ()Tj /F12 1 Tf 0.5477 0 TD 1.4168 Tw [( Hibbing )1416.8(Mine )]TJ /F2 1 Tf 7.5553 0 TD 0 Tw ()Tj /F12 1 Tf 0.5 0 TD ( produce approximately 6.8 million tons)Tj -10.2936 -1.1192 TD ( )Tj T* ( )Tj /F2 1 Tf 1.6906 0 TD ()Tj /F12 1 Tf 0.5477 0 TD 1.4168 Tw [( Wabush )1416.8(Mine )]TJ /F2 1 Tf 7.5543 0 TD 0 Tw ()Tj /F12 1 Tf 0.5 0 TD ( produce about 4.5 million tons)Tj -10.2926 -1.1192 TD ( )Tj T* ( )Tj /F2 1 Tf 1.6906 0 TD ()Tj /F12 1 Tf 0.5477 0 TD 1.4168 Tw [( Northshore )1416.8(Mine )]TJ /F2 1 Tf 8.7762 0 TD 0 Tw ()Tj /F12 1 Tf 0.5 0 TD ( produce about 3 million tons)Tj -11.5144 -1.1192 TD ( )Tj T* ( )Tj /F2 1 Tf 1.6906 0 TD ()Tj /F12 1 Tf 0.5477 0 TD 1.4168 Tw [( Empire )1416.8(Mine )]TJ /F2 1 Tf 7.2213 0 TD 0 Tw ()Tj /F12 1 Tf 0.5 0 TD ( currently idle pending a production decision by the two remaining owners, Ispat Inland and Cliffs)Tj -9.9596 -2.5241 TD ( John S. Brinzo, Cliffs)Tj /F2 1 Tf 9.9441 0 TD ()Tj /F12 1 Tf 0.333 0 TD ( Chairman and Chief Executive Officer, said, )Tj /F2 1 Tf 18.3553 0 TD ()Tj /F12 1 Tf 0.444 0 TD (As one of the first steps in the Company)Tj /F2 1 Tf 16.1085 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s plan to consolidate )Tj -45.5179 -1.1192 TD (North American iron ore interests, we plan to increase our ownership of the Tilden Mine to 85 percent when Algoma Steel complet)Tj 52.5412 0 TD (es its )Tj -52.5412 -1.1192 TD (restructuring later this month. With this transaction, we would expect pellet sales to be between 11.5 and 12.0 million tons, i)Tj 49.7415 0 TD (ncluding the )Tj -49.7415 -1.1192 TD (sale of about 3 million tons to Algoma. This sales forecast would represent about 70 percent of our production capacity. Pellet)Tj 50.4884 0 TD ( sales in )Tj -50.4884 -1.1192 TD (2001 were 8.4 million tons.)Tj /F2 1 Tf 10.999 0 TD ()Tj /F12 1 Tf 0.444 0 TD ( )Tj -11.443 -2.524 TD ( Brinzo said, )Tj /F2 1 Tf 6.3324 0 TD ()Tj /F12 1 Tf 0.444 0 TD (Cliffs is taking decisive actions to reduce its cost structure, strengthen its competitiveness and ensure that the Company )Tj -6.7764 -1.1192 TD (remains well positioned during this period. Every segment of our organization has been challenged to ensure that it is as cost )Tj 50.1555 0 TD (efficient as )Tj -50.1555 -1.1192 TD (possible. Cost reduction initiatives include a corporate-wide )Tj 27.5741 -2.6907 TD (2)Tj ET endstreamendobj4 0 obj<< /Type /Page /Parent 11 0 R /Resources 5 0 R /Contents 6 0 R /MediaBox [ 0 0 612 1008 ] /CropBox [ 0 0 612 1008 ] /Rotate 0 >> endobj5 0 obj<< /ProcSet [ /PDF /Text ] /Font << /F2 28 0 R /F6 27 0 R /F12 10 0 R >> /ExtGState << /GS1 32 0 R >> >> endobj6 0 obj<< /Length 4654 >> stream 1 g /GS1 gs 1 i 18.21 989.85 575.76 -423.12 re f BT /F12 1 Tf 12 0 0 12 25.65 979.05 Tm 0 g 0 Tc 0 Tw ( )Tj 10.079 0 0 10.079 25.65 953.13 Tm (program termed ForCE 21 \(For Competitive Excellence in the 21st Century\). This program, which is designed to produce organizati)Tj 52.9332 0 TD (onal )Tj -52.9332 -1.1191 TD (and operational excellence through employee involvement and cultural change, is accelerating change throughout the Company, wit)Tj 52.8462 0 TD (h a )Tj -52.8462 -1.1192 TD (focus on improvements in cost, safety and quality. The program has achieved impressive results in a number of operational areas)Tj 51.5693 0 TD (, and we )Tj -51.5693 -1.1192 TD (are optimistic about its potential as the program expands.)Tj /F2 1 Tf 22.8569 0 TD ()Tj /F12 1 Tf 0.444 0 TD ( )Tj -23.3009 -2.524 TD ( Separately, Cliffs)Tj /F2 1 Tf 8.2483 0 TD ()Tj /F12 1 Tf 0.333 0 TD ( Board of Directors today approved the Company)Tj /F2 1 Tf 19.8002 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s participation and investment of $4.5 million \($500,000 in cash, )Tj -28.7144 -1.1191 TD (with the balance in materials, other property and manpower\) through Phase II of the Mesabi Nuggets Project. Other participants )Tj 51.4023 0 TD (in this )Tj -51.4023 -1.1192 TD (project are Kobe Steel, Ltd., Steel Dynamics, Inc., the Iron Range Resources and Rehabilitation Agency and the State of Minneso)Tj 51.9033 0 TD (ta. )Tj -51.9033 -1.1192 TD (During Phase II, a pilot demonstration plant will be constructed at the Northshore Mine to test and develop Kobe Steel)Tj /F2 1 Tf 47.4347 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s ITmk3 )Tj -47.7677 -1.1191 TD (ironmaking technology for converting iron ore into nearly pure iron in nugget form. Iron nuggets would be used as an alternativ)Tj 51.1264 0 TD (e or )Tj -51.1264 -1.1191 TD (supplement to pig iron in the steelmaking process. Construction of the pilot plant is expected to begin in May and to be operat)Tj 50.4084 0 TD (ional early )Tj -50.4084 -1.1192 TD (in 2003. )Tj 0 -2.524 TD ( Cliffs enters 2002 with substantial liquidity. At December 31, 2001, the Company had about $180 million of cash, resulting)Tj 50.7434 0 TD ( from the )Tj -50.7434 -1.1191 TD (take down of available credit, $50 million of cash realized from the purchase of LTV Steel Mining Company assets, and effective)Tj 51.8743 0 TD ( )Tj -51.8743 -1.1192 TD (working capital management. )Tj /F2 1 Tf 12.1079 0 TD ()Tj /F12 1 Tf 0.444 0 TD (We continue to be proactive in pursuing business opportunities that have been created by the adversities )Tj -12.5519 -1.1192 TD (in our business, and these efforts will be a high priority in 2002. We intend to be relentless in pursuing the goals and object)Tj 49.2405 0 TD (ives that will )Tj -49.2405 -1.1191 TD (allow Cliffs to successfully meet its challenges and take advantage of the opportunities that are ahead in 2002 and beyond,)Tj /F2 1 Tf 48.9876 0 TD ()Tj /F12 1 Tf 0.444 0 TD ( Brinzo said. )Tj -49.4315 -2.524 TD ( Cliffs expects to release its fourth quarter 2001 results on January 30 and conduct a conference call on January 31. The c)Tj 49.5115 0 TD (all will be )Tj -49.5115 -1.1192 TD (broadcast live on Cliffs)Tj /F2 1 Tf 9.3592 0 TD ()Tj /F12 1 Tf 0.333 0 TD ( website. )Tj /F6 1 Tf 13.1434 -2.5955 TD (********************)Tj /F12 1 Tf -22.8355 -2.5717 TD ( Cleveland-Cliffs is the largest supplier of iron ore products to the North American steel industry and is developing a sig)Tj 49.1565 0 TD (nificant )Tj -49.1565 -1.1192 TD (ferrous metallics business. Subsidiaries of the Company manage and hold equity interests in five iron ore mines in Michigan, Mi)Tj 51.4633 0 TD (nnesota, )Tj -51.4633 -1.1192 TD (and Eastern Canada. Cliffs has a major iron ore reserve position in the United States and is a substantial iron ore merchant. R)Tj 50.0435 0 TD (eferences in )Tj -50.0435 -1.1192 TD (this news release to )Tj /F2 1 Tf 8.0533 0 TD ()Tj /F12 1 Tf 0.444 0 TD (Cliffs)Tj /F2 1 Tf 2.2778 0 TD ()Tj /F12 1 Tf 0.444 0 TD ( and )Tj /F2 1 Tf 1.9438 0 TD ()Tj /F12 1 Tf 0.444 0 TD (Company)Tj /F2 1 Tf 3.8886 0 TD ()Tj /F12 1 Tf 0.444 0 TD ( include subsidiaries and affiliates as appropriate in the context. )Tj -17.9394 -2.5241 TD ( This news release contains predictive statements that are intended to be made as )Tj /F2 1 Tf 33.546 0 TD ()Tj /F12 1 Tf 0.444 0 TD (forward-looking)Tj /F2 1 Tf 6.5534 0 TD ()Tj /F12 1 Tf 0.444 0 TD ( within the safe harbor protections )Tj -40.9873 -1.1192 TD (of the Private Securities Litigation Reform Act of 1995. Although the Company believes that its forward-looking )Tj 27.5741 -2.6907 TD (3)Tj ET endstreamendobj7 0 obj<< /Type /Page /Parent 11 0 R /Resources 8 0 R /Contents 9 0 R /MediaBox [ 0 0 612 1008 ] /CropBox [ 0 0 612 1008 ] /Rotate 0 >> endobj8 0 obj<< /ProcSet [ /PDF /Text ] /Font << /F2 28 0 R /F6 27 0 R /F12 10 0 R >> /ExtGState << /GS1 32 0 R >> >> endobj9 0 obj<< /Length 2713 >> stream 1 g /GS1 gs 1 i 18.21 989.85 575.76 -971.76 re f BT /F12 1 Tf 12 0 0 12 25.65 979.05 Tm 0 g 0 Tc 0 Tw ( )Tj 10.079 0 0 10.079 25.65 953.13 Tm (statements are based on reasonable assumptions, such statements are subject to risks and uncertainties. )Tj 0 -2.524 TD ( Actual results may differ materially from such statements for a variety of factors; such as: demand for iron ore pellets b)Tj 49.0136 0 TD (y North )Tj -49.0136 -1.1192 TD (American integrated steel producers due to changes in steel utilization rates, changes in electric furnace production or import)Tj 49.9845 0 TD (s of semi-)Tj -49.9845 -1.1192 TD (finished steel; changes in the financial condition of the Company)Tj /F2 1 Tf 26.0226 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s partners and/or customers; rejection of major contracts and/or venture )Tj -26.3556 -1.1191 TD (agreements by customers and/or participants under provisions of the U. S. Bankruptcy Code; changes in the market price of HBI a)Tj 52.1533 0 TD (nd )Tj -52.1533 -1.1191 TD (expected idle costs at Cliffs and Associates Limited; inability to successfully complete Phase II and subsequent phases of the )Tj 50.2394 0 TD (Mesabi )Tj -50.2394 -1.1192 TD (Nugget Project or failure of the Kobe Steel technology; and adverse developments in domestic or international economic and poli)Tj 51.8763 0 TD (tical )Tj -51.8763 -1.1192 TD (conditions. )Tj 0 -2.524 TD ( Reference is made to the detailed explanation of the many factors and risks that may cause such predictive statements to t)Tj 49.8475 0 TD (urn out )Tj -49.8475 -1.1192 TD (differently, as set forth in the Company)Tj /F2 1 Tf 15.7466 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s Annual Report for 2000 and Reports on Form 10-K and 10-Q and previous news releases filed )Tj -16.0795 -1.1192 TD (with the Securities and Exchange Commission, which are available publicly on Cliffs)Tj /F2 1 Tf 34.2159 0 TD ()Tj /F12 1 Tf 0.333 0 TD ( web site. The information contained in this )Tj -34.5489 -1.1191 TD (document speaks as of the date of this news release and may be superceded by subsequent events. )Tj 12 0 0 12 151.89 787.77 Tm 1.03 Tc ( )Tj /F6 1 Tf 10.079 0 0 10.079 151.89 775.29 Tm -0.0001 Tc 0.0001 Tw (CLEVELAND-CLIFFS INC)Tj /F12 1 Tf 0 -1.1668 TD 0 Tc 0 Tw ( )Tj 0 -1.1192 TD [(By:)-79.1(/s/ C. B.Bezik)]TJ T* ( )Tj ET 0.5 g 167.25 748.41 146.4 -0.48 re f BT 12 0 0 12 151.89 728.0101 Tm 0 g ( )Tj 10.079 0 0 10.079 167.25 729.6901 Tm (Name: C. B. Bezik)Tj 12 0 0 12 151.89 714.5701 Tm ( )Tj 10.079 0 0 10.079 167.25 716.2501 Tm (Title: Senior Vice President )Tj /F2 1 Tf 11.387 0 TD ()Tj /F12 1 Tf 0.5 0 TD (Finance)Tj -25.9359 -2.7383 TD (Dated: January 9, 2002 )Tj 27.5741 -2.6907 TD (4)Tj ET endstreamendobj10 0 obj<< /Type /Font /Subtype /Type1 /FirstChar 32 /LastChar 181 /Widths [ 250 333 408 500 500 833 778 180 333 333 500 564 250 333 250 278 500 500 500 500 500 500 500 500 500 500 278 278 564 564 564 444 921 722 667 667 722 611 556 722 722 333 389 722 611 889 722 722 556 722 667 556 611 722 722 944 722 722 611 333 278 333 469 500 333 444 500 444 500 444 333 500 500 278 278 500 278 778 500 500 500 500 333 389 278 500 500 722 500 500 444 480 200 480 541 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 500 500 250 250 250 250 250 760 250 250 250 250 250 250 250 564 250 250 250 500 ] /Encoding /WinAnsiEncoding /BaseFont /DOEMDA+Times-Roman /FontDescriptor 29 0 R >> endobj11 0 obj<< /Type /Pages /Kids [ 25 0 R 1 0 R 4 0 R 7 0 R ] /Count 4 >> endobj12 0 obj<< /Dt (D:20020109111457)/JTM (Distiller)>> endobj13 0 obj/This endobj14 0 obj<< /CP (Distiller)/Fi 13 0 R >> endobj15 0 obj<< /R [ 600 600 ] >> endobj16 0 obj<< /JTF 0 /MB [ 0 0 612 1008 ] /R 15 0 R /W [ 0 3 ] >> endobj17 0 obj<< /Fi [ 14 0 R ] /P [ 16 0 R ] >> endobj18 0 obj<< /Dm [ 612 1008 612 1008 ] >> endobj19 0 obj<< /Me 18 0 R >> endobj20 0 obj<< /D [ 17 0 R ] /MS 19 0 R /Type /JobTicketContents >> endobj21 0 obj<< /A [ 12 0 R ] /Cn [ 20 0 R ] /V 1.10001 >> endobj22 0 obj<< /CreationDate (D:20020109111457)/Producer (Acrobat Distiller 4.05 for Windows)/ModDate (D:20020109111458-05'00')>> endobjxref0 23 0000000000 65535 f 0000019085 00000 n 0000019238 00000 n 0000019363 00000 n 0000024423 00000 n 0000024576 00000 n 0000024701 00000 n 0000029408 00000 n 0000029561 00000 n 0000029686 00000 n 0000032452 00000 n 0000033241 00000 n 0000033325 00000 n 0000033389 00000 n 0000033412 00000 n 0000033464 00000 n 0000033504 00000 n 0000033581 00000 n 0000033636 00000 n 0000033687 00000 n 0000033723 00000 n 0000033800 00000 n 0000033867 00000 n trailer<]>>startxref173%%EOF