Comments on: Cliffs Faces Blockades at Mining Projects in Canada’s Ring of Fire

By: Response from Steven Baisden – “immaterial” « ZenyattaVentures's Blog

Response from Steven Baisden – “immaterial” « ZenyattaVentures's Blog — Sun, 06 Jun 2010 18:57:32 +0000

[...] Lake Superior Mining News Possibly related posts: (automatically generated)Latest developments in OTTER copyrightHomes Evacuated After Cliffs’ Rail AccidentCliffs Faces Blockades at Mining Projects in Canada’s Ring of Fire [...]

By: LSMN

LSMN — Sun, 28 Feb 2010 00:46:09 +0000

Thanks for the comment, Rob. The above article relies on reports from other media in Canada and the US for the $800 million claim. I believe they based it off of Cliffs’ news releases or quotes. Maybe Cliffs was just trying to impress investors? I’m not sure. Wouldn’t it still be considered an $800 million investment? I mean to back out they would have to pay legal fee, correct? And you don’t really see it noted as an investment only after a company has spent all the development money. You really don’t see it described in that way.

Anyway. . .

By: Rob Reukl

Rob Reukl — Sat, 27 Feb 2010 21:02:06 +0000

Cliffs has not invested $800 million to open a new chromite mine. This is totally incorrect and in the interest of accuraccy should not be repeated. Cliffs has invested about $200M to date to purchase the deposit and has suggested that it will cost another $800M over the next 5 to 7 years to deveop an open pit chromite mine and associated ferrochrome production facility nearby.

By: LSMN

LSMN — Sat, 20 Feb 2010 16:33:26 +0000

Fyre,

I know, Cliffs is always whining they are doing poorly and it helps them get away with axing jobs and paying less tax to locals. And yet, all of a sudden, yeah we have a whole lot of cash to re-brand the company and we are going to buy up expensive projects elsewhere.

How do they get away with this?

In Michigan, our state politicians don’t do anything to Cliffs or require them to do anything. So, we don’t get much.

On the bright side, their investors are probably doing well, though!

By: Forrest Fyre

Forrest Fyre — Sat, 20 Feb 2010 07:32:02 +0000

“Late in 2009, while many of its iron workers in Minnesota and Michigan were without work, Cliffs invested $800 million in an effort to open a new chromite deposit.”

Yes, this is true. It is also true that these iron workers in Minnesota and Michigan were put on a layoff notice during the same week that Cliffs spent several million dollars on their corporate re-branding, just because Cliffs CEO Joe Carraba and North American Iron Ore Unit president Dave Blake are obsessed with re-inventing Cliffs in the image of their former employers, Rio Tinto (Kennecott’s parent company). I also know that in June 2009, Cliffs eliminated dozens of salaried workers in Minnesota and Michigan on the same day that they paid themselves monthly and quarterly bonuses.

As for the chromite deposits in Canada, I would not be too concerned. With Cliffs’ current technical “expertise”, I believe this endeavor will be as successful as their proposed Empire Mine expansion (which they’ve since swept under the rug).

By: 4854derrida

4854derrida — Wed, 10 Feb 2010 01:05:33 +0000

Hello

I’ve recently uploaded two rare interviews with the Wobblie, anarchist, and activist Dorothy Day.

Day had begun her service to the poor in New York City during the Depression with Peter Maurin, and it continued until her death in 1980. Their dedication to administering to the homeless, elderly, and disenfranchised continues in many parts of the world.

Please post or announce the availability of these videos for those who may be interested in hearing this remarkable humanist.

They may be located here:

http://www.youtube.com/user/4854derrida

Thank you

Dean Taylor