Mesabi Trust says Cleveland-Cliffs has 'failed to engage' over royalties at mine
Cliffs CEO said 'ridiculous royalty structure' reason for idling Silver Bay and Babbitt operations this spring.
Source: startribune.com
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Plans to idle Northshore mine disrupt otherwise strong outlook for iron ore and steel
Taconite mines recovered quickly in 2021 from a brief pandemic lull, and strong steel demand bodes well for the industry's year ahead.
Source: startribune.com
Babbitt mine to be idled, layoffs coming
REGIONAL- More than 400 employees of Northshore Mining operations in Babbitt and Silver Bay are facing layoffs in May after Cleveland-Cliffs confirmed today the facilities will be idled at least into …
Source: timberjay.com
Cleveland-Cliffs to idle Northshore taconite mine this spring
Cliffs CEO had previously said Northshore could become a swing operation to avoid paying royalties to Mesabi Trust.
Source: startribune.com
Cliffs to idle Northshore Mining as fight over royalty fees intensifies, scrap metal lessens need for pellets
The company does not want to pay "absurdly high" royalty fees to Mesabi Trust and is using more scrap metal in its electric arc furnaces.
Source: duluthnewstribune.com