Asset Report

Minorca iron ore mine

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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 contains

  • Document

    Minorca iron ore mine

    PDF 317.69 KB

  • Document

    Minorca.xls

    XLS 210.00 KB

Table of contents

Tables and charts

This report includes 13 images and tables including:

Tables

  • Key facts: Table 1
  • Operations
  • Cash cost
  • Capital cost
  • Participation: Table 1
  • Reserves and resources: Table 1
  • Production: Table 1
  • Infrastructure: Table 1
  • Sales contracts: Table 1
  • Economic assumptions: Table 1

Images

  • Detail Map
  • Production
  • Cash cost

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