Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

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BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2012
Schedule Of Subsidiaries

The unaudited condensed consolidated financial statements include our accounts and the accounts of our wholly owned and majority-owned subsidiaries, including the following operations:

 

        Name        

       Location            Ownership Interest             Operation    

 Northshore

    Minnesota      100.0   Iron Ore

 United Taconite

    Minnesota      100.0   Iron Ore

 Wabush

    Labrador/Quebec, Canada      100.0   Iron Ore

 Bloom Lake

    Quebec, Canada      75.0   Iron Ore

 Tilden

    Michigan      85.0   Iron Ore

 Empire

    Michigan      79.0   Iron Ore

 Koolyanobbing

    Western Australia      100.0   Iron Ore

 Pinnacle

    West Virginia      100.0   Coal

 Oak Grove

    Alabama      100.0   Coal

 CLCC

    West Virginia      100.0   Coal
Investments In Unconsolidated Ventures

The following table presents the detail of our investments in unconsolidated ventures and where those investments are classified in the Statements of Unaudited Condensed Consolidated Financial Position as of June 30, 2012 and December 31, 2011. Parentheses indicate a net liability.

 

                    (In Millions)  

Investment    

   Classification              Accounting  
Method
   Interest
  Percentage  
     June 30,  
2012
    

  December 31,  
2011

 

Amapá

   Investments in ventures    Equity Method    30      $         493.4           $ 498.6     

Cockatoo

   Other liabilities    Equity Method    50      (16.7)          (15.0)    

Hibbing

   Other liabilities    Equity Method    23      (5.8)          (6.8)    

Other

   Investments in ventures    Equity Method    Various      37.8           28.0     
           

 

 

    

 

 

 
              $ 508.7           $ 504.8