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Minnesota s governor has a suggestion for Cleveland-Cliffs, but the company has its own idea
Cleveland-Cliffs CEO Lourenco Goncalves
Cleveland-Cliffs Inc. has declined politely a suggestion from the governor of Minnesota about how to extend the mining life of what s known as Hibbing Taconite on Minnesota s Iron Range.
Gov. Tim Walz in letters last week suggested a partnership of Cliffs and U.S. Steel, according to this article from the Minneapolis Star-Tribune.
But the newspaper reports that Cliffs CEO Lourenco Goncalves said in a statement that he informed Walz on Monday, Feb. 8, that Cleveland-Cliffs has identified a solution to extend HibTac s life of mine, using land already under the control of Cleveland-Cliffs. With this solution, no land swap with other companies will be necessary to extend the life of HibTac.