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ArcelorMittal to Take Over Managing Role at Hibbing Taconite

Updated: December 26, 2018 10:34 PM

ArcelorMittal will become the manager of Hibbing Taconite, effective August 12th. Ownership of the 8-million ton capacity mine remains unchanged, and there are no anticipated changes to production or operating plans.

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Longtime manager Cleveland-Cliffs announced back in August they were resigning from the management role. "When Cliffs announced it would tender its resignation as managing partner, we knew that assuming oversight for the operation was the right thing for our business, the Hibbing workers and the Iron Range community," said John Brett, president and CEO of ArcelorMittal USA. "Assuming the role of managing partner demonstrates ArcelorMittal's continued commitment to Hibbing Taconite while ensuring the long-term supply of quality iron ore to our key operations in the United States."

The statement said that over the next eight months, the partners will work to ensure there is an orderly transition of management with the goal of maintaining stability for the Hibbing workforce. Also, the Hibtac owners will continue to honor the terms of the recently ratified labor agreement with the USW.

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