Coal news and updates

Miner Cliffs says considering sale of North American coal business

Coal and iron-ore producer Cliffs Natural Resources said on Tuesday that it was considering a sale of its North American coal business.

The company's net loss attributable to shareholders widened to $772.6 million, or $4.26 per share, in the first quarter ended March 31, from $83.1 million, or 54 cents per share, a year earlier.

Revenue fell 27.5 percent to $446 million.

The company said the results take into account the impact of the North American Coal and the Canadian businesses being treated as discontinued operations.

source: http://in.reuters.com