EXHIBIT G



                                 PRESS RELEASE


HARBINGER CAPITAL PARTNERS COMMENTS ON ITS INVESTMENT IN CLIFFS NATURAL
RESOURCES
Friday January 9, 8:04 pm ET

NEW  YORK--(BUSINESS   WIRE)--As  part  of  ongoing  portfolio  management  and
rebalancing,  the Harbinger Capital  Partners(R) funds announced a reduction in
their exposure to Cliffs Natural Resources (NYSE: CLF - NEWS) in order to bring
the position in line with current  portfolio  metrics and may continue to do so
in the future, as conditions  permit.  Harbinger  maintains its conviction that
Cliffs  controls  unique and valuable assets and believes Cliffs will be one of
the prime beneficiaries of the eventual economic recovery.

Though it has adjusted its stake in Cliffs,  Harbinger maintains its commitment
to supporting  value-maximizing strategies at Cliffs and, as such, reserves the
right to be in  contact  with  members  of  management,  members  of the Board,
shareholders  and other relevant  parties  regarding  alternatives  that Cliffs
could employ to maximize  shareholder value.  Harbinger also reserves the right
to repurchase shares in the future if it deems it appropriate for its investors
should the portfolio metrics permit.


CONTACT:
Media:
Rubenstein Associates, Inc.
Marcia Horowitz, 917-922-0408
mhorowitz@rubenstein.com
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