Asset Report
Tilden iron ore mine
Report summary
Tilden is a surface mine located in Michigan's Marquette Iron Range, approximately 8 kilometres southwest of the city of Ishpeming. Cliffs owns 100% of the operation after acquiring US Steel's minority ownership stake in September 2017. In September 2020, Cleveland-Cliffs acquired ArcelorMittal’s operations in the US for approximately US$1.4 billion. Prior to that, in December 2019, Cliffs had purchased AK Steel for US$1.1 billion. Both acquisitions not only give rise to US' largest flats producer, but are also poised to fundamentally change pellet price systems within the new conglomerate. Tilden's output is expected to fall by more than 25% in 2022, as a result of increased scrap usage and associated lower pellet demand. Lower production volumes also caused Tilden's C1 direct cash cost to increase by 19% in 2022.
Table of contents
- Summary
- Key issues
- Emissions
Tables and charts
This report includes 13 images and tables including:
- Tilden Emission Intensity Quartile Ranking - Total global production - Tonnes of ore
- Detail Map
- Participation
- Marketable reserves (at 01/01/22)
- Production
- Production
- Operations
- Infrastructure
- Cash cost
- Cash cost
- Capital cost
- Product quality
- Economic assumptions
What's included
This report contains:
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