Cleveland-Cliffs Inc

Cliffs Natural Resources Inc.

Aug. 6: Northshore DR-Grade Pellet Project Ribbon Cutting

(Pictured above: Rep. Rob Eckland; Cliff Smith, Executive Vice President & Chief Operating Officer; Congressman Peter Stauber; Lourenco Goncalves, Chairman, President & CEO; Former Congressman Rick Nolan; Paul Carlson, Northshore Mining General Manager; Terry Fedor, Executive Vice President, Operations)

Cleveland-Cliffs held its a ribbon cutting ceremony for its expansion at Northshore Mining in Silver Bay, Minnesota on August 6.

Cliffs is celebrating the startup of the new production equipment, including supporting infrastructure, which was completed on schedule and within a total investment budget of $100 million. The Company invested in upgrading the concentrator building, a new scavenger building, new conveyor systems, a limestone tank and a steam generating plant to support large-scale commercial production of DR-grade pellets.

Cleveland-Cliffs broke ground for the project in March 2018, and the execution of the project concluded after nearly 500,000 labor hours of work. The project employed 150 people at peak construction, which included management, craft and labor.

Northshore Mining is now the only U.S. based iron ore processing facility to produce low silica DR-grade pellets. The Northshore operation is producing DR-grade pellet feedstock inventory for Cliffs’ Hot Briquetted Iron Plant in Toledo, OH, which will be commissioned in mid-2020.

Archived Presentations

United Taconite Project Mustang Pellet Plant Groundbreaking August 11, 2016

Cliffs Natural Resources held a groundbreaking ceremony at United Taconite to celebrate the future production of a superflux Mustang pellet for the Company’s largest customer, ArcelorMittal. Cliffs is investing in building new assets to support the customized iron ore pellet, including a storage facility, new silos, a limestone crusher and new conveyors.

The project will take approximately eight months and involve an estimated 200,000 hours of labor during construction. Cliffs is on track to deliver the Mustang pellets to ArcelorMittal starting next year.

Shown in picture (l-r): UTAC General Manager Santi Romani, Congressman Rick Nolan, Cliffs Chairman, President & CEO Lourenco Goncalves, Minnesota Governor Mark Dayton, USW Local 6860 President Brian Zarn, and EVP, USIO Terry Fedor.

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Cliffs CEO on CNBC: China is biggest problem for steel oversupply May 20, 2016

Despite China signaling moves to cut its excess steel production capacity, industry chiefs say the country has declared a metals "war" that has had a "devastating" impact for the rest of the world's industry. Cliffs CEO, Lourenco Goncalves, explains to CNBC why it's time to take action on the glut in the steel market.

Watch the interview on CNBC.

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Steel's Resolve: Overcoming the Excess May 18, 2016

Cliffs CEO Lourenco Goncalves joined executives from six steel giants as a panelist for AISTech's Town Hall Forum as part of a weeklong conference sponsored by the Association for Iron and Steel Technology. During "Steel's Resolve: Overcoming the Excess," the executives explored the challenges — and discussed the opportunities — that lie ahead for the domestic steel industry. The global steel industry was challenged by excess capacity, excess production and excess imports in 2015. Despite a recovering construction market and a record year for auto sales, the headwinds buffeted steel producers.

Learn more about the conference and these issues at AIST’s website. You can also watch the town hall forum online -- registration is required to view the video

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Sen Klobuchar Tours Reopened Northshore Mining May 6, 2016

Minnesota Sen Amy Klobuchar met with workers and company leadership at Cliffs’ Northshore Mining, which was recently reopened after having been idled in December. Klobuchar toured the facility and met with workers now back on the job. More than 400 workers at Cliffs Natural Resources ‘ Northshore Mining are back to work this week – Northshore’s facilities in Silver Bay and Babbitt are expected to be fully staffed by early next week.

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Latest Events

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American Metal Market 4th DRI & Mini-mills Conference

November 17, 2016 08:00 AM CST

Hilton Rosemont Chicago/O’Hare, Chicago, IL

Cliffs CEO Lourenco Goncalves will be presenting “Cliffs: closing the raw materials loop and reducing exposure to volatility” at 9:00 a.m. on Thursday, November 17

Cliffs EVP, Business Development Clifford Smith will be participating in a panel discussion on “Future of DRI production in USA: mega or micro modules, better big or small? How can DRI increase its market share?” at 11:00 a.m. on Friday, November 18.

More details on the conference can be found at AMM’s Events Site.

200 Public Square, Suite 3300, Cleveland. OH 44114-2544 - Phone: 216-694-5700