CEO of Cliffs tells Walz they have a solution to extend life at HibTac

Updated: February 08, 2021 06:55 PM
Created: February 08, 2021 03:31 PM

A big development on Monday in mining.

Cleveland-Cliffs' CEO Lourenco Goncalves had a call with Governor Walz in the afternoon. And in that call, Goncalves told the governor that they have a solution for extending the life at Hibbing Taconite.

The solution calls for using land already under control of Cliffs.

In a statement, Cliffs said, "With this solution, no land swap with other companies will be necessary to extend the life of HibTac."

The statement said Walz stated his commitment to direct his agencies to take all legally possible actions to support Cliffs' initiative.

Mr. Goncalves thanked Governor Walz for his commitment and willingness to help find a solution to extend the life of HibTac, preserving hundreds of good paying middle-class union jobs in Minnesota.

Last week, Walz had urged both Cliffs and U.S. Steel to work together to find a solution for HibTac. U.S. Steel has mineral rights near HibTac.

Cliffs did not release any further details on Monday afternoon about where the land is. We do know they have control of some land in Nashwauk, and they own and operate Northshore Mining, United Taconite, and Minorca Mine.

A spokesman for Governor Walz sent a statement, saying, "Governor Walz appreciated the opportunity to talk with Cleveland-Cliffs about keeping Hibbing Taconite open and protecting 800 jobs on the Iron Range. The Governor also looks forward to talking with U.S. Steel and is committed to exploring all options to find a solution."

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