UPDATE 1-Cliffs director resigns; miner must pay ex-CEO $11 million
August 15, 2014 at 10:18 AM EDT
Aug 15 (Reuters) - One of Cliffs Natural Resources Inc's few incumbent directors has stepped down and delivered a stinging resignation letter, filings showed on Friday, as the miner separately said it was on the hook for millions of dollars in payments to its former chief executive officer and others in the wake of a proxy fight.