Annual report pursuant to Section 13 and 15(d)

Environmental And Mine Closure Obligations (Tables)

v2.4.0.6
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