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Mesabi Trust Message Board

  • neilfe99 neilfe99 Feb 12, 2013 10:22 PM Flag

    CLF Results - impact on Mesabi

    i didnt see any news about NorthShore in the CLF release, so i assume its status quo for MSB, although i did see that CLF was expanding its cap-ex in its iron ore biz, which seems like a positve, and I also noted that cost guidance was poor for the upcoming year

    Does anyone have views as to how CLF's results could impact Mesabi

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    • from the call
      As part of our deliberate steps to managing our production volumes to meet market demand, earlier last month we idled to of the smaller less efficient pellet production lines at North Shore mind there should we see an improvement for US pellet demand call we can resume production
      at this mine rarely easy.

      Thus, this confirms that we dont lose half the production and any increase in iron ore pricing will get these lines turned back on possibly before year end

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