X0306 4 2013-02-21 0000764065 CLIFFS NATURAL RESOURCES INC. CLF 0001486545 BLAKE DAVID B 200 PUBLIC SQUARE SUITE 3300 CLEVELAND OH 44114-2315 1 SVP, Oper. N. Amer. Iron Ore Common Shares 2013-02-21 4 A 0 8856.0000 26.8400 A 29699.0000 D Common Shares 2013-02-21 4 F 0 3764.0000 26.8400 D 25935.0000 D Common Shares 771.0000 I VNQDC Reflects a payout of performance shares for the 2010-2012 performance period earned under the Issuer's 2007 Incentive Equity Plan. Reflects the surrender of 2,978 performance shares and 786 restricted share units from the 2010-2012 performance period in payment of the related tax liability incurred by the Reporting Person as a result of the award. Balance shown reflects 2, 13, 14 and 22 shares acquired on March 1, 2012, June 1, 2012, August 31, 2012 and December 3, 2012, respectively, pursuant to the dividend reinvestment feature of the Issuer's 2005 Voluntary Non-Qualified Deferred Compensation Plan ("VNQDC"). Held for the benefit of the Reporting Person by the VNQDC. poa-blake.txt /s/ Carolyn Cheverine by Power of Attorney 2013-02-25