Cleveland Cliffs Inc (CLF)

[KennyPro]

http://www.hibbingmn.com/news/local/iron-range-on-the-rebound/article_0abcb23a-45aa-11e7-8ee5-9fa13142c273.html

I like this part: Goncalves said the future of Minnesota’s iron mining industry lies in the production of direct reduced iron (DRI) and hot briquetted iron (HBI). He vowed that Cliffs will have the first HBI facility in the Great Lakes region.

Noting the company is “extremely advanced in the process of getting this done,” he rallied those present to lead the charge and help Cliffs secure the former Essar property.

“It’s a homerun, if we do it right,” he said estimating such a facility would reflect an investment of around $700,000 million. “But there’s only a small window of opportunity. I don’t have time to mess around with courts.”