IRON-ORE
US iron-ore company Cleveland-Cliffs has delivered on promises to aggressively drive up growth in its earnings before interest, tax, depreciation and amortisation (Ebitda) metric, reporting growth greater than 25% for the second consecutive year.
Based in Cleveland, Ohio, the company reported full-year 2017, adjusted Ebitda of $513-million, compared with $374-million in 2016.
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