On Feb. 27th，2012， the Signing Ceremony of the Longterm Contract of iron ore between Shandong Laigang Yongfeng Steel Corp. and Cliffs Natural Resources Ltd was held in Beijing. Mr. Li Chuanyong, Vice General Manager of Yongfeng Group signed the contract jointly with Mr. Don Gallagher, Global Commercial President of Cliffs Resources. General Manager of Yongfeng Intl Mr. Minggang and Director Mr. Lin Yanqing attended this Ceremony.