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Cliffs to Resign as Mine Manager of HibTac

Cleveland-Cliffs is resigning as mine manager of Hibbing Taconite, effective August 1, 2019. Cleveland-Cliffs is resigning as mine manager of Hibbing Taconite, effective August 1, 2019. | 

Updated: August 14, 2018 07:56 AM

A big change is coming to the management of Hibbing Taconite. Cleveland-Cliffs has notified its partners that it intends to resign as mine manager, August 12, 2019.

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ArcelorMittal owns 62% of the mine, U.S. Steel has 15%, and Cliffs owns 23%.

Cliffs' spokeswoman, Pat Persico said, "Right now, it's business as usual for the employees. The new mine manager will be determined by the joint venture."

She added that the announcement doesn't change the partnership, and that Cliffs will continue to take its share of iron ore pellet production at HibTac.

Cliffs has been the manager at HibTac since 1974. The company also owns and operates Northshore Mining and United Taconite.

Hibbing Taconite is facing the challenge of having a limited mine life, which means they don't have an unlimited source to mine. 

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