Exciting news! Cliffs’ CEO says they want to make more pellets in the US...and are floating two sites, on in MN and the other at the Empire Mine. Empire is the more expensive but quicker of the two, and the CEO says the commmunities in MI are showing stronger support so he is leaning that way. He credits Michigan’s recent mining rules changes that helped out the Eagle Mine as well.
Decision should be made sometime this year. Awesome to see somebody bullish on iron ore again.
http://www.uppermichiganssource.com/con ... 97723.html
Cliff’s Empire Mine May Reopen
- Saturnalia
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- Standard Railfan
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Re: Cliff’s Empire Mine May Reopen
The Iron reserves in the Empire pit are exhausted, other than what is inaccessible.
I suspect the Empire pellet mill may reopen using ore from another source.
I suspect the Empire pellet mill may reopen using ore from another source.
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Re: Cliff’s Empire Mine May Reopen
The higher cost is because they'll have to move a crapton of overburden. My suspicion is that they want to expand the pit to the northwest, but have a couple hundred feet of crap to move.Standard Railfan wrote:The Iron reserves in the Empire pit are exhausted, other than what is inaccessible.
I suspect the Empire pellet mill may reopen using ore from another source.
The existing pit is only "dead" to the extent that it isn't economical to go any deeper. They can go wider, which is what they'll likely be doing here.
Yeah they did but that hole ain't gonan fill up overnight. Only about 2-3 "levels" are now underwater per my latest drone flight...wyrickj wrote:Thought they turned the pumps off?
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Re: Cliff’s Empire Mine May Reopen
I learned a number of years ago from consultants working for CCI that the remaining ore body at Empire is under the spoil pile built over the years. There is simply too much rock to move to economically recover the ore.
I do not believe the Empire pit will come back into production. CCI continued to pump the Republic mine for almost 20 years after the mine was shut down in 1981 in case there was a need to reopen. If there was hope of reopening the Empire pit, the pumping would probably have continued.
I do not believe the Empire pit will come back into production. CCI continued to pump the Republic mine for almost 20 years after the mine was shut down in 1981 in case there was a need to reopen. If there was hope of reopening the Empire pit, the pumping would probably have continued.
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Re: Cliff’s Empire Mine May Reopen
Cleveland-Cliffs, Inc., formerly Cliffs Natural Resources, is a Cleveland, Ohio, business.
Old EMD’s are the gift that keeps on giving.