ArcelorMittal to idle Hibbing Taconite
2020-04-23 14:37:05 [Print]
ArcelorMittal, which manages Hibbing Taconite and owns the largest stake in the mine, said the iron ore mine and pellet processing plant will idle on May 3 and resume operation on July 6 due to the unprecedented and challenging times presented by the COVID-19 pandemic.
Hibbing Taconite is the third Iron Range mine and plant to announce it would idle production and layoff most employees. Last week, Cleveland-Cliffs said it would idle Northshore Mining in Babbitt and Silver Bay and U.S. Steel said it would idle Keetac.
The other three Iron Range mines and plants -- Cleveland-Cliff's United Taconite in Eveleth and Forbes, ArcelorMittal's Minorca Mine in Virginia and U.S. Steel's Minntac in Mountain Iron -- have not announced any shutdowns or layoffs.
Hibbing Taconite is a joint venture between ArcelorMittal, Cleveland-Cliffs and U.S. Steel. Much of the 7.8 million tons of pellets it produces each year are shipped to blast furnaces at ArcelorMittal's Burns Harbor.
Hibbing Taconite is the third Iron Range mine and plant to announce it would idle production and layoff most employees. Last week, Cleveland-Cliffs said it would idle Northshore Mining in Babbitt and Silver Bay and U.S. Steel said it would idle Keetac.
The other three Iron Range mines and plants -- Cleveland-Cliff's United Taconite in Eveleth and Forbes, ArcelorMittal's Minorca Mine in Virginia and U.S. Steel's Minntac in Mountain Iron -- have not announced any shutdowns or layoffs.
Hibbing Taconite is a joint venture between ArcelorMittal, Cleveland-Cliffs and U.S. Steel. Much of the 7.8 million tons of pellets it produces each year are shipped to blast furnaces at ArcelorMittal's Burns Harbor.
