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DewDiligence

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DewDiligence

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Re: Democritus_of_Abdera post# 2532

Monday, 10/02/2017 9:17:21 AM

Monday, October 02, 2017 9:17:21 AM

Post# of 8672
CLF acquires 15% stake of Tilden mine it did not already own for $105M in cash—raises 2018 production guidance:

https://finance.yahoo.com/news/cleveland-cliffs-inc-announces-acquisition-110000546.html

With the additional capacity, Cliffs U.S. Iron Ore business segment’s expected pellet sales volume will increase to 20 million long tons in 2018 from an expected 19 million long tons in 2017.

…The Tilden Mine is an iron ore mining, concentrating, pelletizing, and railroad operation located in Ishpeming, Michigan, that employs a workforce of approximately 900 employees.

The seller of the 15% stake in Tilden is US Steel.

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