Asset report

Keetac iron ore mine

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Report summary

Keetac is a surface mine located in Minnesota's Mesabi Iron Range near Keewatin Minnesota. In May 2015 US Steel announced it would be idling the Keetac operations due to weak iron ore and steel market conditions. The mine is expected to re start in March 2017 to supply pellets to third party consumers.US Steel has considered an expansion at Keetac which would cost roughly US$800 million and increase production capacity by approximately 3.3 Mtpa. While the company has completed the necessary permitting we believe its development to be highly unlikely.

What's included

This report contains

  • Document

    Keetac iron ore mine

    PDF 319.00 KB

  • Document

    Keetac.xls

    XLS 221.00 KB

Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Participation
  • Geology
  • Reserves and resources
  • Production
  • Operations
  • Infrastructure
  • Costs
  • Sales contracts
  • Economic assumptions

Tables and charts

This report includes 13 images and tables including:

Images

  • Detail Map
  • Production
  • Cash cost

Tables

  • Key facts: Table 1
  • Participation
  • Marketable reserves (at 01/01/17)
  • Production
  • Operations
  • Infrastructure
  • Cash cost
  • Capital cost
  • Product quality
  • Economic assumptions

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