CLEVELAND-CLIFFS INC. — Director's Dealing 2011

Dec 2, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CLIFFS NATURAL RESOURCES INC. (CLF)
CIK: 0000764065
Period of Report: 2011-11-30

Reporting Person: Cheverine Carolyn (GC, Corp. Affairs & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-30	Common Stock	P	150	$67.1725	Acquired	150	Direct

Footnotes

F1: The price reported in column four is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $67.164 to $67.19, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the Staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares acquired at each separate price within this range.