Our mining assets today include:
Hibbing Taconite Company (14.7% ownership)
– this mining company based in Hibbing, Minnesota has total iron taconite
reserves estimated at 158 million tons of product with an expected mine life of
19 years. Hibbing’s rated production capacity amounts to 8.1 million tons
annually, of which the U. S. Steel Canada group takes delivery of 1.2 million
tons of iron ore pellets, reflecting its ownership share of production.
Tilden Mining Company (15% ownership)
– this mining company based in Ishpeming, Michigan produces from a complex ore
body of hematite ore (35% iron) and magnetite (24% iron). Total reserves are
estimated at 265 million pellet tons with an expected mine life of 34 years.
Tilden’s rated production capacity amounts to 7.8 million tons, of which the U.
S. Steel Canada group takes delivery of about 1.2 million tons of iron ore
pellets, reflecting its ownership share of production.
Wabush Mines (44.6% ownership) – with mining operations in Wabush,
Labrador and Pointe Noire, Quebec, this joint-venture company has total
reserves of hematite iron ore estimated at 51 million tons. Wabush has a rated
production capacity amounting to 6 million tons annually, of which the U. S.
Steel Canada group takes delivery of about 2.7 million tons of iron ore
pellets, reflecting its ownership share of production.
