Cleveland-Cliffs Inc. Quarterly report pursuant to Section 13 or 15(d)

Environmental and Mine Closure Obligations (Tables)

6 Months Ended

Jun. 30, 2011


	(In Millions)
	June 30, 2011		December 31, 2010
Environmental	$	13.7	$	13.7
Mine closure
LTVSMC		17.6		17.1
Operating mines:
U.S. Iron Ore		65.9		62.7
Eastern Canadian Iron Ore		66.2		49.3
North American Coal		35.0		34.7
Asia Pacific Iron Ore		16.7		15.4
Other		6.7		6.2

Total mine closure		208.1		185.4

Total environmental and mine closure obligations		221.8		199.1
Less current portion		14.3		14.2

Long-term environmental and mine closure obligations	$	207.5	$	184.9


	(In Millions)
	June 30, 2011		December 31, 2010 ⁽¹⁾
Asset retirement obligation at beginning of period	$	168.3	$	103.9
Accretion expense		7.7		13.1
Exchange rate changes		1.2		2.5
Revision in estimated cash flows		-		1.0
Payments		(0.7)		(8.4)
Acquired through business combinations		14.0		56.2

Asset retirement obligation at end of period	$	190.5	$	168.3

(1) Represents a 12-month rollforward of our asset retirement obligation at December 31, 2010.

Tabular disclosure of environmental loss contingencies by individual site. Does not include loss contingencies that are not environmental in nature.