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

Environmental And Mine Closure Obligations (Tables)

9 Months Ended

Sep. 30, 2011


	(In Millions)
	September 30, 2011		December 31, 2010
Environmental	$	15.0	$	13.7
Mine closure
LTVSMC		17.9		17.1
Operating mines:
U.S. Iron Ore		67.5		62.7
Eastern Canadian Iron Ore		67.8		49.3
North American Coal		35.6		34.7
Asia Pacific Iron Ore		15.2		15.4
Other		6.2		6.2

Total mine closure		210.2		185.4

Total environmental and mine closure obligations		225.2		199.1
Less current portion		14.7		14.2

Long-term environmental and mine closure obligations	$	210.5	$	184.9


	(In Millions)
	September 30, 2011		December 31, 2010⁽¹⁾
Asset retirement obligation at beginning of period	$	168.3	$	103.9
Accretion expense		11.8		13.1
Exchange rate changes		(1.1)		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	$	192.3	$	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.