Cliffs Natural Resources Inc. announced that production of the new Mustang superflux pellet has started at its United Taconite mine. The start up of the new production equipment, including supporting infrastructure, was executed on schedule, after nine months of construction, and within the original total investment budget of $75 million.
“Building a new facility on budget, without any lost time accidents, and in only nine months through the Minnesota winter is no small undertaking, one that only the Cliffs team can accomplish,” said Lourenco Goncalves, chairman, president and chief executive officer.
Cliffs will host a ribbon cutting event for the new facility at United Taconite on May 30. Invited dignitaries include Gov. Mark Dayton; U.S. Sens. Amy Klobuchar and Al Franken; and U.S. Rep. Rick Nolan. To date, Gov. Dayton, Sen. Klobuchar and Rep. Nolan are confirmed speakers at the event.
Cliffs invested a total of $75 million in cash to build a new storage facility, silos, a limestone crusher, conveyors and rail infrastructure to support the production of the Mustang pellet. The company broke ground for the project at a ceremony held in August 2016, and the execution of the project included an estimated 200,000 labor hours, which was accomplished without any lost time accident. Construction jobs created for the Mustang project included 120 people employed at peak construction, which included management, craft and labor.