Cleveland-Cliffs Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT (Tables)

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Value Of Each Of The Major Classes Of Consolidated Depreciable Assets

The following table indicates the value of each of the major classes of our consolidated depreciable assets as of December 31, 2012 and 2011:



	(In Millions)
	December 31,
	2012			2011
Land rights and mineral rights	$	7,920.8		$	7,868.7
Office and information technology	92.4			66.8
Buildings	162.0			132.2
Mining equipment	1,290.7			1,323.8
Processing equipment	1,937.4			1,311.6
Railroad equipment	240.8			161.6
Electric power facilities	58.7			57.9
Port facilities	114.3			64.1
Interest capitalized during construction	20.8			22.5
Land improvements	43.9			30.4
Other	39.0			43.2
Construction in progress	1,123.9			612.8
	13,044.7			11,695.6
Allowance for depreciation and depletion	(1,837.4		)	(1,291.5		)
	$	11,207.3		$	10,404.1

Net Book Value of Land and Mineral Rights

The net book value of the land rights and mineral rights as of December 31, 2012 and 2011 is as follows:



	(In Millions)
	December 31,
	2012		2011
Land rights	$	46.4	$	37.3
Mineral rights:
Cost	$	7,874.4	$	7,831.4
Less depletion	727.0		516.0
Net mineral rights	$	7,147.4	$	7,315.4

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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