IRON RANGE REGION

ArcelorMittal USA Becomes Managing Partner for Hibbing Taconite Co.

Chicago-based ArcelorMittal USA will now act as Managing Partner of H ibbing Taconite Co. at Minnesota's Iron Range, that provides iron ore via lake freighters to ArcelorMittal's steel m ills in northwest Indiana.

“Accepting the role of Managing Partner demonstrates ArcelorMittal's continued commitment to Hibbing Taconite while ensuring long-term supply of quality iron ore to our key operations in USA," ArcelorMittal USA President and CEO, John Brett said.

The steelmaker, with a vast majority ownership stake in the eight-million ton capacity iron ore mine in northern Minnesota, said it plans to make no compromise to the mine's operations, manufacturing volumes or ownership. U.S. Steel also includes a 14.7 percent interest from the mine.

The Hibbing Taconite Company mine opened in 1976 and produced 7.7 million tons of magnetite ore last year. Brett confirmed his complete functional overview of this mine during the next eight months when ArcelorMittal assumes the new position. Infact, the company plans to honour Hibbing Taconite, that currently employs about 735 hourly and salaried workers and a labour contract between the United Steelworkers unions.

"ArcelorMittal is responsible for a significant portfolio of raw materials and mining assets across the planet, producing more than 62 million tons of iron ore this past year alone," Brett stated. "This includes our Minorca mine operation situated only 30 minutes northeast of the Hibbing property."

World Gateway for Transloading & Storage of Bulk Commodities H allett Dock Company, located in the Duluth-Superior Harbor at the western end of Lake Superior, has been in the business of receiving, stockpiling, screening, and shipping bulk and liquid commodities since 1961. • Whether transloading chrome ore from Montana to European customers, bentonite from Wyoming to iron ore plants in Quebec or bringing limestone from Michigan for Minnesota’s sugar beet industry—we stand ready to meet your needs.

P.O. Box 16447 • Duluth, MN 55816-0447 (800) 637-4497 • (218) 628-2281 Web: www.hallettdock.com • Email: info@hallettdock.comà

Located at the head of the St. Lawrence Seaway system, we serve customers worldwide

Our liquid storage tanks have 2.1 million gallon capacity

We have two docks with seaway draft capacity, and a third surface transloading facility

We’ve been efficiently handling and delivering a wide variety of products for nearly five decades