On a scale of 1-10 on the “Oh, hell no” Iron Range bad economic news metric, this would be a 7. Cliffs Natural Resources has announced that Hibbing Taconite may remain in temporary shutdown until April 2010 because of the global economic slump and slow steel sales. This is bad news at a bad time. All Iron Range mines are currently in slow down or shutdown because of the economy. A shutdown of this length will probably run out the unemployment benefits of several miners, especially the younger workers with families.
Report: Hibbing Taconite may be closed until April 2010
July 2, 2009 by Leave a Comment
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