CLEVELAND-CLIFFS INC. — Board/Management Information 2012

May 18, 2012

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): May 15, 2012

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Cliffs Natural Resources Inc. ______ (Exact name of registrant as specified in its charter)

Ohio	1-8944	34-1464672
___ (State or other jurisdiction	_______ (Commission	__ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
200 Public Square, Suite 3300, Cleveland, Ohio		44114-2315
_________ (Address of principal executive offices)		_____ (Zip Code)

Registrant’s telephone number, including area code: 216-694-5700

Not Applicable __________ Former name or former address, if changed since last report

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 15, 2012, the Consulting Agreement dated June 7, 2011 between Cliffs Natural Resources Inc. (the "Company") and William R. Calfee, a retired executive of the Company and named executive officer, was amended to extend the term of Mr. Calfee’s engagement as a consultant from June 29, 2012 until December 31, 2012. In addition, the amendment clarified the term "business day" for purposes of its application in the Consulting Agreement. All other terms of the Consulting Agreement remain in full force.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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Carolyn E. Cheverine
Name: Carolyn E. Cheverine
Title: General Counsel - Corporate Affairs & Secretary

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