Cleveland-Cliffs Inc
2000 Annual Report
 
Company Profile
Core Values
Comparative Hightlights
Letter to Our Shareholders
Management's Discussion
Financial Information
Notes to Consolidated Financial Statements
Accounting Policies
Accounting and Disclosure Changes
Investments in Associated Companies
Segment Reporting
Environmental Obligations
Long-Term Debt
Lease Obligations
Pensions and Other Postretirement Benefits
Income Taxes
Fair Value of Financial Instruments
Stock Plans
Shareholders' Equity
Earnings Per Share
Non-Recurring Special Items
Commitments & Contingencies
Report of Ernst & Young
Quarterly Results of Operations
Cliffs Managed Mines
Eleven Year Summary
Investor & Corporate Information
Officers and Directors
Annual Report Home
 

 

NOTES  TO CONSOLIDATED FINANCIAL STATEMENTS

Note 14 – Commitments and Contingencies
From time to time, in the normal course of business, the Company enters into contracts to purchase iron ore to meet customer quality specifications or fulfill anticipated or forecasted shortfalls. The Company has committed to purchase approximately $19 million of pellets in 2001.

The Company and its ventures are periodically involved in litigation incidental to their operations. Management believes that any pending litigation will not result in a material liability in relation to the Company’s consolidated financial statements.