Miner Cliffs Natural profit rises on cost cutting

Thu Oct 24, 2013 4:46pm EDT
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Oct 24 (Reuters) - Cliffs Natural Resources Inc reported an increase in third quarter profit on Thursday as the iron ore miner reduced costs.

Net income attributable to common shareholders rose to $104.3 million, or 66 cents a share, from $85.1 million, or 59 cents, a year earlier. Revenue rose slightly to $1.55 billion from $1.54 billion.