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The parent company of Hibbing Taconite on the Iron Range said it has found its own solution to the mine nearing the end of its mining life and will not partner with U.S. Steel, a move suggested by Gov. Tim Walz in letters to both companies last week.
Cleveland-Cliffs CEO Lourenco Goncalves said in a statement that he informed Walz on Monday 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.
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.