Annual report pursuant to Section 13 and 15(d)

ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS (Tables)

v2.4.0.8
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS (Tables)
 12 Months Ended
Dec. 31, 2013
Environmental Remediation Obligations [Abstract]  
Summary Of Mine Closure Obligations
The following is a summary of the obligations as of December 31, 2013 and 2012:
 
(In Millions)
 
December 31,
 
2013
 
2012
Environmental
$
8.4

 
$
15.7

Mine closure
 
 
 
LTVSMC
22.0

 
18.3

Operating mines:
 
 
 
U.S. Iron Ore
152.2

 
81.2

Eastern Canadian Iron Ore
78.2

 
88.9

Asia Pacific Iron Ore
25.5

 
22.4

North American Coal
34.7

 
38.6

Total mine closure
312.6

 
249.4

Total environmental and mine closure obligations
321.0

 
265.1

Less current portion
11.3

 
12.3

Long-term environmental and mine closure obligations
$
309.7

 
$
252.8

Asset Retirement Obligation Disclosure
The following represents a roll forward of our asset retirement obligation liability related to our active mining locations for the years ended December 31, 2013 and 2012:
 
(In Millions)
 
December 31,
 
2013
 
2012
Asset retirement obligation at beginning of period
$
231.1

 
$
194.9

Accretion expense
18.1

 
17.6

Exchange rate changes
(3.4
)
 
0.3

Revision in estimated cash flows
44.8

 
18.2

Payments
—

 
0.1

Asset retirement obligation at end of period
$
290.6

 
$
231.1