CLEVELAND-CLIFFS INC. — Director's Dealing 2011

Feb 7, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2011-01-27

Reporting Person: Mee Terrence R (SVP Global Iron Ore & Metallic)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10652	Direct
Common Stock	537	Indirect

Footnotes

F1: The total includes 6,972 directly held common shares and 600, 2050 and 1030 outstanding restricted share units from the 2008, 2009 and 2010 Performance Share grants, respectively, acquired pursuant to the Cliffs Natural Resources 2007 Incentive Equity Plan.

F2: Held for the benefit of the Reporting Person by the Cliffs Natural Resources Inc. 2005 Voluntary Non-Qualified Deferred Compensation Plan (VNQDC).