Steelworkers, ArcelorMittal reach deal

ArcelorMittal and the United Steelworkers have reached a tentative contract agreement that applies to the workers at the Minorca Mine on the Mesabi Iron Range. Subject to member ratification, the deal appears to preserve most of what the union wanted.

Last week U.S. Steel settled with the Steelworkers and what I’ve heard so far is that the deal was favorable to new and long-serving employees.

The third major mining company on the Range, Cliffs Natural Resources, rescheduled talks with the union until early October, but with deals in place at other mines an quick agreement is likely.

Not all the mining news on the Range is good (more on that here), but this is an encouraging sign for the iron mines already in operation.

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