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It is expected that Bethlehem )Tj 51.7103 0 TD (will )Tj -51.7103 -1.1191 TD (continue to fund its obligations and take iron ore from the mine. Cliffs is a 15 percent owner of Hibbing Taconite, with Stelco)Tj 50.3234 0 TD ( Inc. )Tj -50.3234 -1.1192 TD (owning the balance. )Tj 0 -2.524 TD ( Cliffs did not have any trade account receivables from Bethlehem as of September 30, 2001. Cliffs sold iron ore to Bethleh)Tj 50.4604 0 TD (em in )Tj -50.4604 -1.1192 TD (October, prior to the bankruptcy filing, that will result in a fourth quarter pre-tax charge of approximately $1.0 million. )Tj /F6 1 Tf 26.0501 -2.5955 TD (* * * * *)Tj /F8 1 Tf -26.0501 -2.5717 TD ( ǿմý is the largest supplier of iron ore products to the North American steel industry and is developing a sig)Tj 49.1565 0 TD (nificant )Tj -49.1565 -1.1192 TD (ferrous metallics business. Subsidiaries of the Company manage and hold equity interests in five iron ore mines in Michigan, Mi)Tj 51.4633 0 TD (nnesota, )Tj -51.4633 -1.1192 TD (and Eastern Canada. Cliffs has a major iron ore reserve position in the United States and is a substantial iron ore merchant. R)Tj 50.0435 0 TD (eferences in )Tj -50.0435 -1.1192 TD (this news release to )Tj /F2 1 Tf 8.0533 0 TD ()Tj /F8 1 Tf 0.444 0 TD (Cliffs)Tj /F2 1 Tf 2.2778 0 TD ()Tj /F8 1 Tf 0.444 0 TD ( and )Tj /F2 1 Tf 1.9438 0 TD ()Tj /F8 1 Tf 0.444 0 TD (Company)Tj /F2 1 Tf 3.8886 0 TD ()Tj /F8 1 Tf 0.444 0 TD ( include subsidiaries and affiliates as appropriate in the context. )Tj -17.9394 -2.524 TD ( This news release contains predictive statements that are intended to be made as )Tj /F2 1 Tf 33.546 0 TD ()Tj /F8 1 Tf 0.444 0 TD (forward-looking)Tj /F2 1 Tf 6.5534 0 TD ()Tj /F8 1 Tf 0.444 0 TD ( within the safe harbor protections )Tj -40.9873 -1.1192 TD (of the Private Securities Litigation Reform Act of 1995. Although the Company believes that its forward-looking statements are )Tj 51.4623 0 TD (based on )Tj -51.4623 -1.1192 TD (reasonable assumptions, such statements are subject to risks and uncertainties. )Tj 0 -2.524 TD ( Actual results may differ materially from such statements for a variety of factors, such as: un-anticipated actions Bethle)Tj 49.0695 0 TD (hem may take )Tj -49.0695 -1.1192 TD (in Chapter 11, and changes in economic and market conditions that impact the iron and steel industry, Bethlehem, and Cliffs. )Tj 0 -2.5241 TD ( Reference is made to the detailed explanation of the many factors and risks that may cause such predictive statements to t)Tj 49.8475 0 TD (urn out )Tj -49.8475 -1.1192 TD (differently, as set forth in the Company)Tj /F2 1 Tf 15.7466 0 TD ()Tj /F8 1 Tf 0.333 0 TD (s Annual Report for 2000 and Reports on Form 10-K and 10-Q and previous news releases filed )Tj -16.0795 -1.1192 TD (with the Securities and Exchange Commission, which are available publicly on Cliffs)Tj /F2 1 Tf 34.2159 0 TD ()Tj /F8 1 Tf 0.333 0 TD ( web site. 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Bezik)Tj 0 -1.1191 TD (Title: Senior Vice President )Tj /F2 1 Tf 11.8869 0 TD ()Tj /F8 1 Tf 0.5 0 TD (Finance)Tj -37.4369 -2.5241 TD (Dated: October 16, 2001 )Tj 27.5741 -2.6907 TD (3)Tj ET endstream endobj 7 0 obj << /Type /Font /Subtype /Type1 /FirstChar 32 /LastChar 181 /Widths [ 250 333 408 500 500 833 778 180 333 333 500 564 250 333 250 278 500 500 500 500 500 500 500 500 500 500 278 278 564 564 564 444 921 722 667 667 722 611 556 722 722 333 389 722 611 889 722 722 556 722 667 556 611 722 722 944 722 722 611 333 278 333 469 500 333 444 500 444 500 444 333 500 500 278 278 500 278 778 500 500 500 500 333 389 278 500 500 722 500 500 444 480 200 480 541 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 500 500 250 250 250 250 250 760 250 250 250 250 250 250 250 564 250 250 250 500 ] /Encoding /WinAnsiEncoding /BaseFont /PHKDGE+Times-Roman /FontDescriptor 26 0 R >> endobj 8 0 obj << /Type /Pages /Kids [ 22 0 R 1 0 R 4 0 R ] /Count 3 >> endobj 9 0 obj << /Dt (D:20011016153054) /JTM (Distiller) >> endobj 10 0 obj /This endobj 11 0 obj << /CP (Distiller) /Fi 10 0 R >> endobj 12 0 obj << /R [ 600 600 ] >> endobj 13 0 obj << /JTF 0 /MB [ 0 0 612 1008 ] /R 12 0 R /W [ 0 2 ] >> endobj 14 0 obj << /Fi [ 11 0 R ] /P [ 13 0 R ] >> endobj 15 0 obj << /Dm [ 612 1008 612 1008 ] >> endobj 16 0 obj << /Me 15 0 R >> endobj 17 0 obj << /D [ 14 0 R ] /MS 16 0 R /Type /JobTicketContents >> endobj 18 0 obj << /A [ 9 0 R ] /Cn [ 17 0 R ] /V 1.10001 >> endobj 19 0 obj << /CreationDate (D:20011016153054) /Producer (Acrobat Distiller 4.05 for Windows) /ModDate (D:20011016153054-04'00') >> endobj xref 0 20 0000000000 65535 f 0000018439 00000 n 0000018591 00000 n 0000018714 00000 n 0000023101 00000 n 0000023253 00000 n 0000023376 00000 n 0000024534 00000 n 0000025322 00000 n 0000025399 00000 n 0000025462 00000 n 0000025485 00000 n 0000025537 00000 n 0000025577 00000 n 0000025654 00000 n 0000025709 00000 n 0000025760 00000 n 0000025796 00000 n 0000025873 00000 n 0000025939 00000 n trailer << /Size 20 /ID[<037b5be3fd522e705d4c8ae4be72b8ea><037b5be3fd522e705d4c8ae4be72b8ea>] >> startxref 173 %%EOF