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The head of Cliffs Natural Resources says he expects to resume production at United Taconite in Eveleth and Forbes sometime this year.


Speaking to Iron Range business and community leaders Wednesday, Cliffs CEO Lourenco Goncalves said the company plans to invest $65 million in the plant so it can produce a higher-grade of pellets.

Northshore mining to reopen May 15

The Mesabi Daily News reports he also says the company is negotiating a new contract for those pellets with steelmaker ArcelorMittal. He didn't give a specific timeline for the contract, or for United Taconite reopening. He just says it's "going well" and upgrading the mine will hinge on the contract.


United Taconite has been idle since August.


Cliffs last week announced it will reopen 

The Associated Press

Author

CEO Lourenco Goncalves said Wednesday the company plans to invest $65 million in the plant so it can produce a higher-grade of pellets.

Cliffs expects to reopen United Taconite sometime this year

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