- Associated Press - Tuesday, May 31, 2016

DULUTH, Minn. (AP) - The head of Cliffs Natural Resources says idled United Taconite in Eveleth and Forbes will restart in mid-October.

Cliffs CEO Lourenco Goncalves (lor-EN’-soh gon-SAHL’-vays) says operations should be up to full production in November.

WDIO-TV (https://bit.ly/1UstB0I ) reports the company has reached a 10-year supply agreement with steelmaker ArcelorMittal. Goncalves has said reopening United Taconite hinged on the agreement. Cliffs plans to invest $65 million in the plant so it can produce a higher-grade of pellets.

The plant in Forbes and the mine in Eveleth were idled in August, putting nearly 500 people out of work.

Union leaders say they are pleased to hear that United Taconite will resume production.

___

Information from: WDIO-TV, https://www.wdio.com


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide