Iron Ore

Cleveland-Cliffs to Acquire ArcelorMittal

The deal is worth roughly $1.4 billion. 

ST. LOUIS COUNTY, Minn. – Cleveland Cliffs has announced it has entered into a definitive agreement with ArcelorMittal to acquire all of the operations of ArcelorMittal and its subsidiaries. The deal is worth roughly $1.4 billion. Once the deal closes, Cleveland-Cliffs will be the largest flat-rolled steel producer in North America. The company will also be the largest iron ore…

Cleveland-Cliffs To Idle Northshore Mining; 470 Employees Affected

The Northshore Mining Plant employees 570, only 100 remain employed.

SILVER BAY, Minn.- Cleveland-Cliffs has announced it is idling two of its iron ore plants, including Northshore Mining in Silver Bay, which will be shutting down by the middle of this month. This will affect roughly 470 employees, a significant number for a city like Silver Bay with a population of only 1,800. Cleveland-Cliffs CEO Lourenco Goncalves said they’ve evaluated…

Report: Iron Ore Trade Up Two Percent in May

Shipments of Iron Ore from U.S. Great Lakes Ports Increased Two Percent in May Compared to 2018

CLEVELAND – A new report released by the Lake Carriers’ Association shows shipments of iron ore from U.S. Great Lakes ports totaled six million tons in May, an increase of nearly two percent compared to a year ago. The new data is also four percent above the month’s 5-year average. Year-to-date the iron ore trade stands at 14.5 million tons, an increase of…

Cleveland-Cliffs Delivers State of the Business

Business leaders, city and state officials gather in Chisholm.

CHISHOLM, Minn.- Chisholm business leaders, city and state officials, and employees heard a state of the business update from the iron ore mining company Cleveland-Cliffs. President, Chairman and CEO Lourenco Goncalves spent the beginning of his presentation detailing Cleveland-Cliffs’s growth since he took over in August 2014. But soon he delved into the environmental impacts of iron ore mining, clean steel-making…

Twin Ports Send Off Last Ocean Bound Vessel of Season

The last ocean going vessel is shipping out of the Twin Ports Tuesday night.

DULUTH, Minn.- The Beautrix will be the last ocean going vessel of the season to ship out of the Twin Ports. Tuesday night the Beatrix is loading spring wheat destined for the United Kingdom. So far this year nearly 700 vessels visited the Twin Ports. Northlanders will see plenty more ships coming in, but Beatrix is the last to head out…