Mar. 31: New natural gas-fueled power plant begins commercial operation in U.P.

WEC Energy Group’s subsidiary, Upper Michigan Energy Resources Corp., began commercial operation of the A.J. Mihm Generating Station and the F.D. Kuester Generating Station in the Upper Peninsula. The natural gas-powered generating stations replace the energy produced at the company’s coal-fueled Presque Isle Power Plant, which was retired the same day.

“The new generating stations are good for our customers, good for business and good for electric reliability throughout the U.P.,” Kevin Fletcher, WEC Energy Group’s president and CEO, said in a press release. “Closure of the Presque Isle Power Plant also helps achieve our goal of reducing carbon dioxide emissions by 40 percent, well ahead of our 2030 target.”

WEC Energy Group funded the $275 million investment. Half of the funding will be recovered through a 20-year agreement with Cleveland-Cliffs Inc., which operates the Tilden Mine in Marquette County. 

The complete news release is available online.

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.

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.

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

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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