news duluth mining

Industry Leaders Talk Future of Mining at 92nd Annual Minerals Conference

92nd annual conference held by SME Minnesota chapter.

DULUTH, Minn.- Future innovations and improvements in mining were among the topics discussed at the 92nd annual SME Minnesota Minerals Conference at the DECC on Monday. The theme of this year’s conference is “Mining for a Modern World.” Organizers brought together industry leaders who explored topics such as gold and surface mining. “They’re looking, as all of us are, to how…

Mining Industry Report Indicates High Wages for Jobs

Tourism Jobs Found to be Low Paying

DULUTH, Minn.-A recent study about the mining industry’s impact on the Northland has revealed some startling statistics. According to a report from the Praxis Strategy Group, mining supports about 5,100 jobs in the area, while tourism accounts for 6,400. The mining jobs pay out at average rate of $82,000 a year, while tourism sits at $18,000 a year. “The region tails…

Cliffs Announces Huge Fourth Quarter

Revenues Up 58 Percent from Last Year

DULUTH, Minn.-Final financial reports released today for Cliffs Natural Resources revealed a huge fourth quarter for them. Revenues were up to $754 million this quarter for the ore pellet manufacturer, which is an increase of 58 percent compared to last year. Overall revenues were up five percent for the company in 2016 topping out at $2.1 billion. The C-E-O of…