03
Oct
19:46
Cliffs gains control of Tilden Mining
US iron ore supplier Cleveland-Cliffs has bought the remaining 15% interest in the Tilden Mining Company from US Steel for $105 million, Kallanish reports.
The buy brings Cleveland to 100% ownership of the Michigan mining and logistics complex, which adds 1.2m long tons of pellet production capacity and 55m lt of crude ore reserves. Cleveland expects to produce 20m lt of pellets in 2018.
“With the current strength in the Great Lakes iron ore p…
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Anonymous
Very good overview of the weekly steel market.
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