Cliffs Chairman, President & CEO Lourenco Goncalves has issued a media statement regarding MN Gov. Mark Dayton’s Statement on Essar Steel Minnesota, and the State of Minnesota's termination of Essar Steel Minnesota's mineral leases associated with the Nashwauk, MN mine site:
"I am pleased that Minnesota Governor Mark Dayton has moved to terminate the State's existing agreement for the iron ore mineral leases at the Nashwauk mine site. This is the first step in a long-term development process that we believe holds tremendous potential for job creation on the Iron Range."
Mr. Goncalves continued: "Cliffs looks forward to the opportunity to work in partnership with Governor Dayton's administration to develop the Nashwauk site as part of our future growth plans toward the production of value-added iron products in Minnesota."
The statement is available in the “News” section of our website.