Cliffs-ANR merger won’t hamper Cliffs’ $500M investment nor planned production growth
July 19, 08 by TheFleetIf you're new here, you may want to subscribe to our RSS feed. Thanks for visiting!
by Sam Eggleston | Source: Mining Journal
ISHPEMING - The merger between Cleveland Cliffs Inc. and Alpha Natural Resources announced Wednesday morning isn’t expected to affect operations at the Tilden and Empire mines - or the planned surge in pellet production.
The two iron ore mines, both operated by CCI, will continue with full-scale production. Recently announced plans for a nugget-producing facility, a $500 million capital investment and increased production at the Empire Mine will all move forward, said Dale Hemmila, the district manager of public affairs for CCI.
“Nothing is going to change in our production and all of the plans that have been announced are going to progress as expected,” Hemmila said. “It’s going to be business as usual around here.”
Hemmila said there are no plans to interrupt the the investment into the Empire Mine or the expected increase of 375 new full-time jobs and increased pellet production that will come from it.
More details about the Cliffs-ANR merger at the Mining Journal >>
