Cleveland Cliffs

CLEVELAND, OH--   Cleveland-Cliffs, Incorporated reported record high sales volume in the second quarter of 2019.

In results released Friday CCI says Mining and Pelletizing pellet sales volume in the second quarter of 2019 was 6.2 million long tons, a 4 percent increase from the prior-year quarter on strong customer demand.

CLEVELAND, OH--   Cleveland Cliffs, Incorporated released first quarter results Thursday and also said it’s still looking for a partner in order to reopen the Empire mine. 

CCI reported a loss of $22 million for the period ended March 31. Consolidated revenues were $157 million, compared to last year's first-quarter consolidated revenues of $180 million. The cost of goods sold was $126 million compared to $119 million reported in the first quarter of 2018.

MARQUETTE, MI--   State Representative Sara Cambensy says she’ll do what she can to assist in the reopening of the Empire Mine in Marquette County. 

In a public conference call last week Cleveland Cliffs CEO Lourenco Goncalves said the company was close to announcing a resurgence in operations at the mine. He anticipates a significant shortage of pellets in the coming year. Cambensy says if Cliffs can find a partner to work with in filling that shortage it would be good news not only for the area but the state as a whole.

MARQUETTE, MI--   Cleveland Cliffs, Inc. has named Clifford Smith as its new Chief Operating Officer.

Effective January 1, 2019, Smith will have oversight of the company’s operations, commercial sales and business development.

CLEVELAND, OH--   Cleveland Cliffs has released its third-quarter 2018 results. 

The company reports consolidated revenues of $742 million, compared to last year’s third-quarter consolidated revenues of $597 million. The cost of goods sold was $480 million, compared to $439 million reported in the third quarter of 2017.

For the nine months ended September 30, net income was $519 million, compared to $53 million during the same period in 2017.

CCI contract ratified

Oct 15, 2018

MARQUETTE, MI--   Workers represented by the United Steelworkers Union at Cleveland Cliffs mines in Michigan and Minnesota have ratified a new contract. 

The four-year agreement is retroactive to October 1 and is effective through September 30, 2022.

It covers about 1,800 employees at the Tilden and Empire mines in Michigan and the United Taconite and Hibbing Taconite mines in Minnesota.

ISHPEMING, MI--   Cleveland Cliffs, Incorporated and the United Steelworkers Union have reached a tentative contract.

If ratified, the new contract will cover about 1,800 workers at the Tilden and Empire mines in Michigan and the United Taconite and Hibbing Taconite mines in Minnesota.

Cliffs Chairman, President and CEO Lourenco Goncalves says the company acknowledges the sacrifices of its employees during recent tough times. He says now that the industry is prospering, Cliffs is looking to give workers their fair share.

CLEVELAND, OH--   State Representative Sara Cambensy and a delegation of U.P. leaders met with Cleveland Cliffs officials in Cleveland Thursday. 

LANSING, MI--   Two U.P. lawmakers urged the Michigan Senate to encourage Cleveland Cliffs to reopen the Empire Mine. 

Representative Sara Cambensy and Senator Tom Casperson testified in front of the Senate Natural Resources Committee Wednesday. They both authored a resolution encouraging the company to come back to Marquette County instead of building a new mine in Minnesota.

LANSING, MI--   State Representative Sara Cambensy has introduced a resolution encouraging the state to show support for Cleveland Cliffs, Incorporated. 

CCI is deciding whether it should reopen the Empire Mine or build a new mining operation in Minnesota. Cambensy says Cleveland Cliffs has been a pillar of the region’s economy for more than 170 years, and continued investment in the Marquette Iron Range would benefit the area’s families, cities, and townships.

Pages