Cliffs to restart United Taconite plant 2 months early, lifts guidance

June 9, 2016

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US-focused iron-ore producer Cliffs Natural Resources on Thursday announced that it would be restarting its United Taconite mining facility (UTAC), in Minnesota, two months ahead earlier than previously thought, after it last week announced a ten-year iron-ore pellet supply agreement with ArcelorMittal USA.
Cliffs advised that the August restart of UTAC was made possible owing to added business recently contracted with Hamilton-based US Steel Canada to supply the majority of their iron-ore pellet requirements for the third and the fourth quarters of 2016.

Category: General