Asset report
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8 Pages

Minorca iron ore mine


Minorca iron ore mine

Report summary

Minorca is a surface mine located in Minnesota's Mesabi Iron Range near Virginia. The mine is owned and operated by ArcelorMittal and produces both fluxed and non-fluxed pellets. Annual production is typically around 2.8Mtpa. Output is typically transferred to one of ArcelorMittal's several blast furnaces, but can also be sold on the open market to customers in the US and Canada. The United Steelworkers union has negotiated a labour agreement allowing a 2% per annum increase in wages, over and above inflation.  We have factored this rise in labour rates in our forward-looking C1 cash costs for Minorca.

What's included?

This report includes 2 file(s)

  • Minorca iron ore mine PDF - 317.45 KB 8 Pages, 10 Tables, 3 Figures
  • Minorca.xls XLS - 209.50 KB

Description

This Iron Ore Metals Mine report provides a detailed analysis of the cost profile, geology, reserves and future production for this mine, as well as a detailed location map.

Iron ore producers, advisors and financial companies can use this report to better understand asset value and efficiency of the operation. It will also help you benchmark against similar mines, identify acquisition opportunities and examine evolving cost structures to strengthen business strategies.

Wood Mackenzie's cost methodology is the established global industry standard, relied on by the world’s leading investment banks and mining companies to make strategic, operational and investment decisions.

Our analysts are based in the markets they analyse, working with high-quality proprietary cost databases and cost curve analyses to write consistent and reliable insights. Our database includes over 2,450 asset analyses covering more than 1,000 companies worldwide.

  • Key facts
  • Summary and key issues
    • Summary
    • Key issues
  • Location maps
  • Participation
    • Participation
  • Geology
  • Reserves and resources
    • Marketable reserves (at 01/01/17)
  • Production
    • Production
  • Operations
  • Infrastructure
    • Infrastructure
  • Costs
  • Sales contracts
    • Product quality
  • Economic assumptions
    • Economic assumptions

In this report there are 13 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Detail Map
  • Participation
    • Participation: Table 1
  • Geology
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production
    • Production: Table 1
  • Operations
    • Operations
  • Infrastructure
    • Infrastructure: Table 1
  • Costs
    • Cash cost
    • Cash cost
    • Capital cost
  • Sales contracts
    • Sales contracts: Table 1
  • Economic assumptions
    • Economic assumptions: Table 1
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