Cliffs Natural Resources begins production of new Mustang iron ore pellet at United Taconite mine
Cliffs Natural Resources Inc. announced May 16 that production of the new Mustang superflux pellet has started at its United Taconite mine. The start-up of the new production equipment, including supporting infrastructure, was flawlessly executed on schedule, after nine months of construction, as planned, and within the original total investment budget of $75 million.
Lourenco Goncalves, Chairman, President and Chief Executive Officer, said: “Building a new facility on budget, without any lost time accidents, and in only nine months through the Minnesota winter is no small undertaking, one that only the Cliffs team can accomplish. As we have done time and time again, Cliffs has confirmed why we have been in the Iron Range for so many years, and why we have earned the right to continue to be in the range for the years to come.” Goncalves added, “I am also very thankful for the strong support of the State of Minnesota throughout this project’s development. As we expand in the Iron Range, we appreciate our established working relationships with our elected officials and their ongoing support for our business endeavors.”
Cliffs will host a ribbon-cutting event for the new facility at United Taconite Tuesday, May 30. Invited dignitaries include Gov. Mark Dayton; U.S. Sens. Amy Klobuchar and Al Franken; and U.S. Rep. Rick Nolan. To date, Dayton, Klobuchar and Nolan are confirmed speakers at the event.
Cliffs invested $75 million in cash to build a new storage facility, silos, a limestone crusher, conveyors and rail infrastructure to support the production of the Mustang pellet. The company broke ground for the project at a ceremony held in August 2016. The execution of the project included an estimated 200,000 labor hours, which was accomplished without any lost time accidents. Construction jobs created for the Mustang project included 120 people employed at peak construction, which included management, craft and labor.