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Cliffs announced plans in early 2016 to close the Empire Mine near Marquette, Michigan, terminating the jobs of approximately 400 workers. [34] The company announced on August 15, 2017, that it was returning to its former brand name, Cleveland-Cliffs Inc. [35] In August 2018, the company sold its Asia Pacific iron ore assets. [36]
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 ...
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 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 ...
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 ...
Although it began as a company town, the direct involvement of Cleveland-Cliffs in the affairs of the Gwinn gradually decreased, and by the Great Depression the company had no hand in the operation of the town. [8] Cleveland-Cliffs began divesting itself of real estate in the town, and by 1946 had sold the last of the houses it owned. [8]
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