Cleveland Cliffs acquires ArcelorMittal USA

Cleveland Cliffs becomes North America’s largest producer of iron ore and flat-rolled steel after acquiring the assets of ArcelorMittal USA. Reuters reported over the weekend that ArcelorMittal and Cleveland Cliffs were negotiating an asset merger that would dramatically affect the taconite industry on Minnesota’s Mesabi Iron Range. The deal merges ArcelorMittal’s American operations with those… Read More →

Cleveland Cliffs idles Northshore Mine until Aug. 15

Cleveland Cliffs announced today it would idle its Northshore Mining operations in Babbitt and Silver Bay until at least Aug. 15. This becomes the first mine shutdown announced since the economic recession caused by COVID-19. Cliffs will also shutter its Tilden Mine in Michigan’s Upper Peninsula. Cliffs recently completed its takeover of AK Steel, but… Read More →

Cleveland Cliffs acquires AK Steel

Iron ore producer Cleveland Cliffs acquired AK Steel in a deal announced today. It’s a seismic transaction that could have long-term implications for the Mesabi Iron Range. Cliffs will use its stock to buy $1.1 billion worth of AK Steel stock, assuming about 68 percent ownership of the Ohio-based company. Cliffs CEO Lourenco Goncalves will… Read More →

United Steelworkers to rally Thursday over contract talks

On Thursday, Aug. 30, members and supporters of the United Steelworkers will hold rallies and demonstrations across the Mesabi Iron Range. They seek to bring attention to the union’s ongoing impasse with major steelmakers over a new labor contract. This story highlights a critical moment in the economic recovery that reached the Iron Range in 2016,… Read More →

Iron innovation most vital mining challenge for Mesabi Range

I know, there’s plenty we could talk about regarding controversial copper-nickel mining projects in Northern Minnesota. PolyMet has a draft permit to mine. Ely’s Twin Metals got a symbolic boost from the Trump Administration. Persistent and largely meaningless slap fights between mining advocates and skeptics color the pages of the local press. But the truth… Read More →

‘Holy’ Miles Lord echoes through Minnesota history

To some, judges are supposed to stay hidden in the chambers of Minnesota law, better forgotten than seen or heard. But we learn about one judge who relished the spotlight and used it well in “Miles Lord: The Maverick Judge Who Brought Corporate America to Justice.” This new book from the University of Minnesota Press comes… Read More →

What’s in a name? Cleveland-Cliffs is back

Cliffs Natural Resources is now Cleveland-Cliffs. That means that the grand old man of American iron mining now wears his old duds. Lourenco Goncalves , Chairman, President and Chief Executive Officer, said, “The historical name Cleveland-Cliffs is synonymous with our strong heritage, and is the perfect one for our next era of growth. As we did… Read More →

Northshore Mining back to work early

Northshore Mining has called back workers early to reopen production of taconite at its Babbitt Mine and Silver Bay processing facility. The mine had previously announced it would reopen in mid- to late-May, but is ahead of schedule. WDIO reported on the news when U.S. Sen. Amy Klobuchar (D-MN) made the announcement after a tour of… Read More →

Cliffs eyes fall start for United Taconite

In a call to investors yesterday, Cliffs CEO Lourenco Goncalves announced that his company will reopen Northshore Mining in May and plans to restart United Taconite in Eveleth later this year. Goncalves also announced that Cliffs made a profit during the last quarter, which wasn’t expected. However, Cliffs remains more than $2 billion in debt. A few weeks ago, Goncalves said United… Read More →

Cliffs eyes acquiring Essar plant

As snow fades from the ditches of Northern Minnesota, the Essar Steel construction site north of Nashwauk remains frozen in time. Minor movement in and out of the site is but partial salve for the idled hope of hundreds of jobs from the region’s largest new mining project in a generation. Essar has stated that it hopes… Read More →