CLEVELAND-CLIFFS INC. — Director's Dealing 2010

Jan 7, 2010

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2009-12-31

Reporting Person: Boor William C (Sr. Vice Pres., Bus. Devel.)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15562	Indirect
Common Stock	14592.2609	Direct

Footnotes

F1: Balance shown reflects 21, 25 and 30 dividend reinvestment shares acquired June 1, September 1, and December 1, 2009, respectively, pursuant to the dividend reinvestment feature of the Cliffs Natural Resources Inc. 2005 Voluntary Non-Qualified Deferred Compensation Plan ("VNQDC").

F2: The balance includes dividend reinvestment from dividends of $.04 per share payable to all holders of record on June 1 and September 1, 2009 and $.0875 per share payable on December 1, 2009. The amount shown reflects 6.2408, 7.0603, and 8.9058 dividend reinvestment shares acquired pursuant to a Dividend Reinvestment and Stock Purchase Plan for Cliffs Natural Resources Inc. Common Stock on June 1, September 1, and December 1, 2009, respectively.