Updated: 08/11/2014 10:14 PM
Created: 08/11/2014 2:27 PM WDIO.com
After a shakeup of the Board of Directors of Cliffs Natural Resources, the new CEO has come out with a message about the company.
Lourenco Goncalves' introduction was posted on the Cliffs website on Friday. It says, "Cliffs has tremendous inherent value, and I am truly excited that the shareholders have emphatically demonstrated that they agree with me."
"Our strategy going forward is crystal clear. Our domestic operations in iron ore are the bedrock of this Company. We will continue to enhance them and, together with the men and women working hard at the mine sites, we will make the business stronger, resilient, and more profitable."
Steelworker leadership out at the international convention in Las Vegas this week told Eyewitness News over the phone that it's nice to hear Goncalves supports the domestic industry, and that they have a meeting with him next month.
Cliffs owns or manages three of the six mines in the Northland: United Taconite, Hibbing Taconite, and Northshore Mining.
Hibtac union president Frank Jenko said that some of the workers had been feeling a sense of uncertainty. But from his perspective, this is a management change, and that management will be looking to be more efficient. "I don't see a lot of changes on our end," Jenko said over the phone.
According to his bio, Goncalves has leadership experience as a CEO from other companies, like Metal USA Holdings Corp and California Steel Industries.
He was the choice of Casablanca Capital, one of Cliffs' larger shareholders and an investment group, to lead Cliffs. Once Casablanca was able to gain control of the board of directors through a shareholder vote late in July, the choice of Goncalves seemed inevitable. The Board voted to name him CEO late last week. Immediate past CEO Gary Halvorsen has retained his seat on the board.
No Injuries in Superior Plane Crash
Two men were apparently not injured when a small plane crashed at Superior's Bong Memorial Airport on Wednesday afternoon. The plane crashed near the Upper Deck Restaurant at about 2:13 p.m.
Leaders Break Ground on $17.7M Port of Duluth Intermodal Project
Leaders from across the state and country gathered Wednesday to break ground on the largest infrastructure project undertaken by the Duluth Seaway Port Authority in nearly half a century.
No Antlerless Deer Hunt in Northern Wis. This Fall
The state Department of Natural Resources' board has prohibited hunters from killing antlerless deer in 13 counties this fall in an effort to regrow the herd in those areas. Douglas, Bayfield, Sawyer, Ashland, and Iron counties are included in the ban.
Identities of Grand Forks Walmart Shooting Victims Released
Police have identified the man who was killed and the woman who was injured when a U.S. airman walked into a North Dakota Wal-Mart Supercenter and opened fire before turning the gun on himself.
Mesabi Nugget, Mining Resources Idled Indefinitely
Steel Dynamics, the parent company of Mesabi Nugget and Mining Resources, announced Tuesday that the two Iron Range facilities will remain idled indefinitely, affecting about 200 workers. A small group of workers will be retained to maintain the facilities.