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

Annual report pursuant to Section 13 and 15(d)

Environmental And Mine Closure Obligations (Tables)

Environmental And Mine Closure Obligations (Tables)

12 Months Ended

Dec. 31, 2011

Environmental And Mine Closure Obligations [Abstract]

Schedule Of Environmental Loss Contingencies By Site


	(In Millions)
	December 31,
	2011		2010
Environmental	$	15.5	$	13.7
Mine closure
LTVSMC		16.5		17.1
Operating mines:
U.S Iron Ore		74.3		62.7
Eastern Canadian Iron Ore		68.0		49.3
North American Coal		36.3		34.7
Asia Pacific Iron Ore		16.3		15.4
Other		8.8		6.2

Total mine closure		220.2		185.4

Total environmental and mine closure obligations		235.7		199.1
Less current portion		13.7		14.2

Long term environmental and mine closure obligations	$	222.0	$	184.9

Asset Retirement Obligation Disclosure


	(In Millions)
	December 31,
	2011			2010
Asset retirement obligation at beginning of period	$	168.3		$	103.9
Accretion expense		16.1			13.1
Exchange rate changes		0.1			2.5
Revision in estimated cash flows		5.9			1.0
Payments		(0.7	)		(8.4	)
Acquired through business combinations		14.0			56.2

Asset retirement obligation at end of period	$	203.7		$	168.3

- Definition

The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.

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- Definition

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

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