UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   May 9, 2006

Cleveland-Cliffs Inc
__________________________________________
(Exact name of registrant as specified in its charter)

     
Ohio 1-8944 34-1464672
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
1100 Superior Avenue, Cleveland, Ohio   44114-2589
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   216-694-5700

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Top of the Form

Item 8.01 Other Events.

Cleveland-Cliffs Inc (the "Company") published a news release on May 9, 2006 announcing the Board of Directors' authorization of a stock repurchase program of up to 1.25 million shares, an increase in the quarterly cash dividend for common stock to $.25 per share payable on June 1, 2006, and a two-for-one common stock split. The news release is contained in Item 9.01 as Exhibit 99(a) to Form 8-K and incorporated in this Item 8.01 by reference.

The Company also published a news release on May 9, 2006 captioned, "Cleveland-Cliffs Declares Dividend on Preferred Stock". The news release is contained in Item 9.01 as Exhibit 99(b) to Form 8-K and incorporated in this Item 8.01 by reference.





Item 9.01 Financial Statements and Exhibits.

Exhibits (c)

99(a) Cleveland-Cliffs Inc published a news release dated May 9, 2006 captioned, "Cleveland-Cliffs Announces Stock Repurchase Program; Increases Common Stock Cash Dividend; Declares Two-for-One Stock Split"

99(b) Cleveland-Cliffs Inc published a news release captioned, "Cleveland-Cliffs Declares Dividend on Preferred Stock"





Top of the Form

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    Cleveland-Cliffs Inc
          
May 10, 2006   By:   George W. Hawk, Jr.
       
        Name: George W. Hawk, Jr.
        Title: General Counsel and Secretary

Top of the Form

Exhibit Index


     
Exhibit No.   Description
 
99.(a)
  Cleveland-Cliffs Inc published a news release dated May 9, 2006 captioned, "Cleveland-Cliffs Announces Stock Repurchase Program; Increases Common Stock Cash Dividend; Declares Two-for-One Stock Split"
99.(b)
  Cleveland-Cliffs Inc published a news release dated May 9, 2006 captioned, "Cleveland-Cliffs Declares Dividend on Preferred Stock"