CLEVELAND-CLIFFS INC. — Director's Dealing 2010

Jan 5, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2010-01-04

Reporting Person: Eldridge Barry J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-04	Common Stock	A	108.4834	$46.09	Acquired	12829.4243	Direct

Footnotes

F1: Reflects number of Common Shares credited to the account of the Reporting Person in payment of the Reporting Person's Required Quarterly Retainer for the first quarter of 2010 under the Cliffs Natural Resources Inc. Nonemployee Directors Compensation Plan.("Plan") Full shares earned in 2010 will be issued effective January 2, 2011.

F2: On November 9, 2009, Cliffs Natural Resources Inc. (the "Company") declared a dividend of $.0875 per share, payable to all holders of record as of November 20, 2009 of common stock payable on December 1, 2009. The amount shown reflects 12.5434 shares acquired pursuant to a Dividend Reinvestment and Stock Purchase Plan for the Company's Common Stock.