ÐÇ¿Õ´«Ã½



Exhibit 21
SIGNIFICANT SUBSIDIARIES
CLIFFS NATURAL RESOURCES INC. AS OF DECEMBER 31, 2015
Name
Cliffs' Effective Ownership
Place of Incorporation
ÐÇ¿Õ´«Ã½ International Holding Company
100%
Delaware, USA
Cliffs Finance US LLC
100%
Ohio, USA
Cliffs Finance Lux SCS
100%
Luxembourg
Cliffs (Gibraltar) Holdings Limited
100%
Gibraltar
Cliffs (Gibraltar) Holdings Limited Luxembourg S.C.S.
100%
Luxembourg
Cliffs (Gibraltar) Limited
100%
Gibraltar
Cliffs Mining Company
100%
Delaware, USA
Cliffs Minnesota Mining Company
100%
Delaware, USA
Cliffs Natural Resources Pty Ltd.
100%
WA Australia
Cliffs Natural Resources Holdings Pty Ltd.
100%
WA Australia
Cliffs Natural Resources Luxembourg S.a.r.l
100%
Luxembourg
Cliffs TIOP Holding, LLC
100%
Delaware, USA
Cliffs TIOP, Inc.
100%
Michigan, USA
Cliffs UTAC Holding LLC
100%
Delaware, USA
The ÐÇ¿Õ´«Ã½ Iron Company
100%
Ohio, USA
Tilden Mining Company L.C.
85%
Michigan, USA