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
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
- Participation
- Geology
- Reserves and resources
- Production
- Operations
- Infrastructure
- Costs
- Sales contracts
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Economic assumptions
- Economic assumptions
Tables and charts
This report includes 13 images and tables including:
Tables
- Key facts: Table 1
- Participation
- Marketable reserves (at 01/01/18)
- Production
- Operations
- Infrastructure
- Cash cost
- Capital cost
- Product quality
- Economic assumptions: Table 1
Images
- Detail Map
- Production
- Cash cost
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