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Released October 03, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--A new four-year labor contract between Cleveland-Cliffs Incorporated (NYSE:CLF) (Cleveland, Ohio) and the United Steelworkers (USW) went into effect on Monday under a tentative agreement announced last week. The contract covers 1,800 USW workers at Cleveland-Cliffs' United Taconite and Hibbing mines in Minnesota as well as its Tilden and Empire mines in Michigan. Industrial Info is tracking more than $1.8 billion in iron mine project activity in the U.S., with the bulk of that amount tied to a handful of capital projects in Minnesota.
The labor contract agreement was pending ratification by local USW members, the USW and Cleveland-Cliffs said in a joint release.
Among the U.S. iron mine projects being tracked is a taconite direct-reduced grade pellet plant upgrade and optimization project at Cleveland-Cliffs' 6 million-ton-per-year mining operation in Silver Bay, Minnesota. Now under construction, the project involves upgrading the 100,000-ton-per-year pellet plant to supply 2.5 million tons per year of taconite pellets to Cleveland-Cliffs' hot briquetted iron (HBI) plant under construction in Toledo, Ohio. Lakehead Constructors Incorporated (Superior, Wisconsin) is the general contractor for the mine project. For more information, see Industrial Info's project report.
Construction began last spring on Cleveland-Cliffs' $700 million hot briquetted iron (HBI) plant in Toledo, Ohio. The plant is expected to come online in 2020 and will produce 2.48 million tons per year of direct reduced iron (DRI) from taconite pellets. For more information, see Industrial Info's project report and April 12, 2018, article - Cleveland-Cliffs Breaks Ground on Hot Briquetted Iron Plant.
The largest U.S. iron mine project in terms of total investment value is a planned $1.1 billion restart of an above-ground taconite mine and pellet plant addition in Nashwauk, Minnesota. The planned flotation ore processing plant would have an initial capacity to produce 4.1 million tons per year of iron pellets, which would be expandable to 7 million tons per year under a planned second phase.
The history of the project is somewhat tangled, having been partially constructed by Essar Steel Minnesota before the company declared bankruptcy. The project is now being headed by Mesabi Metallics Company (Hibbing, Minnesota). Cleveland-Cliffs filed suit against Mesabi Metallics and Minnesota's Department of Natural Resources in August, challenging the department's failure to modify Mesabi Metallics' mining permits and prohibit the company from conducting mining operations on properties owned or controlled by Cleveland-Cliffs, according to the Duluth News Tribune.
If all goes as planned, the first phase of the Mesabi Metallics project would be completed in mid-2021. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
The labor contract agreement was pending ratification by local USW members, the USW and Cleveland-Cliffs said in a joint release.
Among the U.S. iron mine projects being tracked is a taconite direct-reduced grade pellet plant upgrade and optimization project at Cleveland-Cliffs' 6 million-ton-per-year mining operation in Silver Bay, Minnesota. Now under construction, the project involves upgrading the 100,000-ton-per-year pellet plant to supply 2.5 million tons per year of taconite pellets to Cleveland-Cliffs' hot briquetted iron (HBI) plant under construction in Toledo, Ohio. Lakehead Constructors Incorporated (Superior, Wisconsin) is the general contractor for the mine project. For more information, see Industrial Info's project report.
Construction began last spring on Cleveland-Cliffs' $700 million hot briquetted iron (HBI) plant in Toledo, Ohio. The plant is expected to come online in 2020 and will produce 2.48 million tons per year of direct reduced iron (DRI) from taconite pellets. For more information, see Industrial Info's project report and April 12, 2018, article - Cleveland-Cliffs Breaks Ground on Hot Briquetted Iron Plant.
The largest U.S. iron mine project in terms of total investment value is a planned $1.1 billion restart of an above-ground taconite mine and pellet plant addition in Nashwauk, Minnesota. The planned flotation ore processing plant would have an initial capacity to produce 4.1 million tons per year of iron pellets, which would be expandable to 7 million tons per year under a planned second phase.
The history of the project is somewhat tangled, having been partially constructed by Essar Steel Minnesota before the company declared bankruptcy. The project is now being headed by Mesabi Metallics Company (Hibbing, Minnesota). Cleveland-Cliffs filed suit against Mesabi Metallics and Minnesota's Department of Natural Resources in August, challenging the department's failure to modify Mesabi Metallics' mining permits and prohibit the company from conducting mining operations on properties owned or controlled by Cleveland-Cliffs, according to the Duluth News Tribune.
If all goes as planned, the first phase of the Mesabi Metallics project would be completed in mid-2021. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
