Asset Report

Empire iron ore mine

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11 January 2019

Empire iron ore mine

Report summary

Empire is a surface mine located in Michigan's Marquette Iron Range, approximately 24 kilometres southwest of the city of Marquette. Cliffs owns 100% of the operation after acquiring ArcelorMittal's 21% ownership stake in September 2017. Empire was closed at the end of 2016 as a result of weak market conditions. We have assumed the mine will remain permanently closed and, as a result, it currently sits out of our base case. In 2010, Empire embarked on an expansion project which allowed the mine to grow its production rate. Some of the mine's output was tolled to the neighbouring Tilden mine for processing.

Table of contents

Tables and charts

This report includes 13 images and tables including:

  • Key facts: Table 1
  • Detail Map
  • Participation
  • Marketable Reserves (at 01/01/18)
  • Production
  • Production
  • Infrastructure
  • Cash cost
  • Cash cost
  • Capital cost
  • Economic assumptions
  • Operations: Table 1
  • Sales contracts: Table 1

What's included

This report contains:

  • Document

    Empire iron ore mine

    PDF 767.36 KB

  • Document

    Empire.xls

    XLS 191.00 KB

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