Northshore taconite mine to 'idle every now and then'
Cliffs CEO Goncalves blasts "absurdly high" royalty payments.
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Cliffs CEO Goncalves blasts "absurdly high" royalty payments.
Cleveland-Cliffs pays the Mesabi Trust royalties based on the volume of its shipments, the price of taconite and the amount of taconite that was mined from land owned by the trust, namely the Peter Mitchell Mine in Babbitt.
A big announcement from Cleveland-Cliffs on Friday during the earnings call. The company is moving production of the DR grade pellet from Northshore to Minorca.
A big announcement from Cleveland-Cliffs on Friday during the earnings call. The company is moving production of the DR grade pellet from Northshore to Minorca.
A big announcement from Cleveland-Cliffs on Friday during the earnings call. The company is moving production of the DR grade pellet from Northshore to Minorca.