Asset Report

Minorca iron ore mine

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Minorca is a surface mine owned and operated by Cleveland-Cliffs located in Minnesota's Mesabi Iron Range, near the town of Virginia. The operation produces fluxed and non-fluxed pellets which we've assumed are being sold into the open market to steelmakers in the US and Canada. Minorca's costs increased 3% in 2023 compared to 2022 amid higher inflationary pressure and oil prices. In 2024 and beyond, we anticipate inflationary effects to continue affecting the cost level for the operation while there is no expected reduction from fixed cost dilution as the production level should remain steady.

Table of contents

  • Summary
  • Key issues
    • Participation
    • Production
    • Infrastructure
    • Product quality
    • Economic assumptions

Tables and charts

This report includes the following images and tables:

  • Minorca Emission Intensity Quartile Ranking - total global production - tonnes of Ore
  • Detail Map
  • Production
  • Operations
  • Cash cost
  • Cash cost
  • Capital cost
  • 1 more item(s)...

What's included

This report contains:

  • Document

    Minorca.xls

    XLS 160.00 KB

  • Document

    Minorca iron ore mine

    PDF 1.35 MB