June 12 (Reuters) - Cleveland-Cliffs Inc CLF.N :
* CLEVELAND-CLIFFS INC. AGREES TO SELL ITS IRON ORE ASSETS IN AUSTRALIA
* CLEVELAND-CLIFFS INC. AGREES TO SELL ITS IRON ORE ASSETS IN AUSTRALIA
* CLEVELAND-CLIFFS INC - TRANSACTION IS SUPPORTED BY WESTERN AUSTRALIAN GOVERNMENT
* CLEVELAND-CLIFFS INC - AS A RESULT OF DEAL, COSTS OF CLOSING AUSTRALIAN OPERATIONS EXPECTED TO BE REDUCED BY ABOUT $65-75 MILLION
* CLEVELAND-CLIFFS INC - TRANSACTION IS SUPPORTED BY WESTERN AUSTRALIAN GOVERNMENT
* CLEVELAND-CLIFFS INC - ENTERED INTO AGREEMENT FOR SALE OF SUBSTANTIALLY ALL ASSETS OF ASIA PACIFIC IRON ORE BUSINESS TO MINERAL RESOURCES LIMITED