Cleveland-Cliffs 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.

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Latest Events

Cleveland-Cliffs to Acquire AK Steel Announcement Call
December 3, 2019

Cleveland-Cliffs and AK Steel Holding Corporation are pleased to announce that they have entered into a definitive merger agreement pursuant to which Cliffs will acquire all of the issued and outstanding shares of AK Steel common stock. Lourenco Goncalves, Chairman of the Board, President and CEO of Cliffs, will lead the expanded organization.

Cleveland-Cliffs and AK Steel will conduct a live conference call and webcast with analysts and investors on December 3, 2019 at 8:30 a.m. ET.


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