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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 ships Tilden ore by a wholly owned short-line railroad, the Lake Superior and Ishpeming, to Marquette for transport by lake freighter to steel mills in the lower Great Lakes. [7] The Marquette Iron Range was designated as a Michigan registered historic site in 1957, listed as S-0035. [4]
The company obtained three more mine pits by 1870. In 1877, Iron Cliffs began exploratory drilling on this site overlooking Ishpeming. Drilling uncovered iron ore, and in 1879 the company opened the Cliffs Shaft, then known as the "New Barnum". [2] [3] A new boiler house and engine house were built on the site in the early 1880s. [3]
The Lake Superior and Ishpeming Railway was organized in 1893 as a subsidiary of Cleveland-Cliffs Iron Company (now Cleveland-Cliffs Inc.), the iron ore mining company. From the start the railroad's primary business was the transport of iron ore from the Marquette Iron Range , west of Marquette, to docks on Lake Superior from which the ore ...
US iron ore made up 2.5 percent of the total mined worldwide in 2015. Employment as of 2014 was 5,750 in iron mines and iron ore treatment plants. [3] US iron ore mining is dominated by the Precambrian banded iron formation deposits around Lake Superior, in Minnesota and Michigan; such deposits were also formerly mined in Wisconsin. For the ...
Domestic firm Cleveland-Cliffs offered $7.4 billion for the firm, but a few months later, Nippon offered $14.9 billion, with the premium indicating a strong interest in entering the US market. US ...
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