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On March 21, 1930, Cleveland-Cliffs bought 62.5 percent of the shares of Corrigan, McKinney Steel. [48] The cost of the transaction was $35.5 million. [43] The acquisition seemed to make sense: Corrigan, McKinney was a ready customer for Cleveland-Cliffs ore, and the steel firm owned several iron mines in Michigan. [49]
Cleveland-Cliffs manages and operates four iron ore mines in Minnesota and two mines in Michigan, one of which, the Empire Mine, has been indefinitely idled. [3] These mines produce various grades of iron ore pellets, including standard and fluxed, for use in blast furnaces as part of the steelmaking process as well as Direct Reduced (DR) grade pellets for use in direct reduced iron (DRI ...
Cleveland-Cliffs (2020–present) ArcelorMittal (2006–2020) Mittal Steel Company (2005–2006) ... and chairman of the board from 1945 until his retirement in 1957 ...
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Cleveland Cliffs made an unsolicited $8.3 billion cash and stock offer for US Steel last year that was supported by the union, but it was rejected by the company. The nation’s automakers ...
Mather was born in Cleveland, Ohio and attended Trinity College for his undergraduate and MA degrees. Mather headed the Cleveland-Cliffs Iron Company for 50 years from 1890 through 1940. During his tenure he consolidated several mining operations and diversified into iron-ore industries and steel operations.
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