APG Specialty Publications 00_IRON_MINING_ASSN_20_BOOK | Page 15

MINNESOTA IRON MINING Minnesota Department of Natural Resources Division of Lands and Minerals Ely Mesabi Range Mining Operations Natural Ore Pit Taconite Pit Iron Formation rm Ve e ilion R ang O 0 3 6 12 BWCA Tower Babbitt 18 Miles # * Copyright 2015, State of Minnesota; MnDNR - Division of Lands and Minerals; tac17org14.pdf, Tim Pastika, 3/12/15 # * # 0 Cliffs Erie Area # * ArcelorMittal Minorca er n Sa n ta Fe rth . Northshore Mining (Plant) Silver Bay N # * R.R n Fe dia â es mil . Sa nta R.R n 15 g No ng to n rli rth er Bu No Grand Rapids # * n ERP Iron Ore: Holman-Plummer (Plant) ng to # 0 Na # 0 United Taconite ERP Iron Ore: Canisteo Mining Resources Niles-Duncan Bu rli Hibbing Keetac R. arbor Tacon it e H # * # * (Mine) R R. Virginia # * U. S. Steel # 0 Cu-Ni-PGE Northmet Deposit Cu-Ni-PGE Cliff Deposit sN Itasca Co. Louis Mesaba # 0 ERP Iron Ore: Mesabi Chief Northshore Mining (Mine) Mesabi Nugget U. S. Steel Minntac # * Hibbing Taconite Former Essar Steel Minnesota Site Maturi Cu-Ni-PGE Deposit Birch Lake Cu-Ni-PGE Deposit $ T Taconite / Iron Ore Operation Two Harbors R. R. Mesabi Range Cuyuna Range Vermilion Range Duluth Brainard Lake Superior Mpls St. Paul Duluth MINNESOTA IRON MINING-OUR COMMUNITIES, STATE AND NATION DEPEND ON IT. Use of iron ore dates back more than 5,000 years, and as needs for iron have grown, iron ore deposits have been found all over the world. Minnesota has the largest deposits of iron ore in the United States, and northern Minnesota has been mining iron ore for 135 years (26 years after Minnesota became a state in 1858). The Iron Mining Association of Minnesota (IMA) was founded in 1992 to promote an iron ore industry that will provide long-term growth and prosperity for all stakeholders through a profitability in a competitive, global market. In addition to vendor members like you, the IMA represents the eight iron ore mines in northeast Minnesota that are capable of producing over 40 million tons of taconite annually from Minnesota’s iron ore deposits. The companies that operate the mines include ArcelorMittal, Cleveland-Cliffs Inc., Steel Dynamics, and U.S. Steel. During normal economic conditions, Minnesota's iron mines directly contribute $1.9 billion to the economy of Minnesota every year in the form of purchases, wages and benefits, taxes, and royalties. Subsequent business impact induced as the result of iron mining is responsible for more than an additional $1.1 billion—making the total economic impact $3.0 billion on the state and region’s economy. The mines directly employ approximately 4,000 hardworking men and women, with more than 11,000 others employed by vendors. Part of the direct impact to the economy includes taxes and royalties paid by the iron mining industry. Taxes payable in 2012 equaled $107.4 million. Distribution of those taxes included $49.1 million towards Minnesota’s education – $36.6 million to K-12 and $12.5 million to the University Trust Fund. This effect on the economy is expected to increase with upgrades to existing mines and the addition of new iron mining initiatives. 2019-2020 Membership Directory | 15