ArcelorMittal to assume management of Hibbing Taconite

VIRGINIA, MN (AP) – Global iron ore producer ArcelorMittal says no changes in employment, production or operations are expected when it assumes the role as managing partner for Hibbing Taconite later this year.

ArcelorMittal will take over managing duties from Cleveland-Cliffs Inc. effective Aug. 12. Cleveland-Cliffs announced earlier this year that it planned to resign from its position as managing partner in the open-pit mining operation when its contract expires.

Hibbing Taconite began production in 1976 and currently has 735 hourly and salaried employees.

The companies say that while management of the facility will change, ownership of the Iron Range operation will not. About 62 percent of the iron ore mine and pellet processing facility is owned by ArcelorMittal with Cliffs and U.S. Steel owning the remaining percentage.

Associated Press

Associated Press

More News

Your Forecast Now

Superior
28°
Ashland
27°
Hayward
27°
Hibbing
27°
International Falls
26°
Grand Marais
34°
Ironwood
24°
Mild and dry start to the week

Mild and dry start to the week

Temperatures begin mild, and slowly warm throughout the week with mostly dry conditions.

Click for forecast details...
CONNECT WITH CBS 3
top stories
Scroll to top
Skip to content