Cliffs Natural Resources Inc. provided earnings guidance for the fourth quarter and full year of 2011 and cash flow guidance for the year 2012. For the quarter, the company expects $28 million pre-tax, goodwill impairment charge in the fourth quarter related to its coal operations that were acquired from INR Energy in 2010. Cliffs also noted that its fourth-quarter effective income tax rate is expected to be approximately 36%. For the year, the company expects cash flow from operations of approximately $2.3 billion and capital spending of $880 million for the year. Effective tax rate is expected to be approximately 19%, slightly above Cliffs' previous outlook of 18%. For the year 2012, the company anticipated $1.9 billion in cash flow from operations. The company is maintaining the 2012 capital expenditures budget previously disclosed on Jan. 19, 2012. This $1 billion budget was comprised of approximately $300 million in sustaining capital and $700 million in growth and productivity-improvement capital.