Table of Contents
1 Table of Contents 2
1.1 List of Tables 5
1.2 List of Figures 6
2 Executive Summary 7
2.1 Major Producer and Exporter of Iron Ore 7
2.2 Abundant Reserves 8
3 Introduction 9
3.1 GlobalData Report Guidance 9
4 United States Iron Ore Mining Industry – Drivers and Restraints 10
5 United States Iron Ore Mining Industry – Production, Reserves, Consumption and Trade 12
5.1 United States Iron Ore Mining Industry – Total Production 12
5.1.1 United States Iron Ore Mining Industry – Total Production by Form 14
5.2 United States Iron Ore Mining Industry – Total Reserves 16
5.3 United States Iron Ore Mining Industry – Total Consumption 18
5.4 United States Iron Ore Mining Industry – Exports and Imports Scenario 20
5.4.1 United States Iron Ore Mining Industry – Export to Destination Countries 22
5.4.2 United States Iron Ore Mining Industry – Import from Countries of Origin 24
6 United States Iron Ore Mining Industry – Top Active and Planned Projects 26
6.1 United States Iron Ore Mining Industry – Top Active Projects 26
6.2 United States Iron Ore Mining Industry – Planned Projects 26
7 United States Iron Ore Mining Industry – Fiscal Regime 27
7.1 United States, Governing Bodies 27
7.1.1 Office of Geological Survey 27
7.1.2 Mine Safety and Health Administration 27
7.1.3 Federal Mine Safety and Health Review Commission 27
7.1.4 Environmental Protection Agency 27
7.1.5 Minnesota Department of Natural Resources 27
7.2 United States, Governing Law 28
7.2.1 Federal Mine Safety and Health Act, 1977 28
7.2.2 Minnesota Mining Laws, 1998 28
7.2.3 Natural Resources and Environment Protection Act, 1994 PA 451 28
7.3 United States, Mining Licenses and Permit 28
7.3.1 Metallic Mineral Mining Permit, Michigan 28
7.3.2 Metallic Mineral Mining Permit, Minnesota 29
7.4 United States, Rights and Obligations 29
7.4.1 Rights 29
7.4.2 Obligations 29
7.5 United States, Key Fiscal Terms 30
7.5.1 Occupation Tax 30
7.5.2 Royalty 30
7.5.3 State Iron Severance Tax and Fees 30
7.5.4 State Real Property Tax 31
7.5.5 Corporate Taxes 32
7.5.6 State Corporate Income Tax 32
7.5.7 Alternative Minimum Tax 33
7.5.8 Branch Profit Tax 33
7.5.9 Local Taxes 33
7.5.10 Capital Gain Tax 33
7.5.11 Deductions & Allowances 33
7.5.12 Depreciation 34
7.5.13 Withholding Tax 34
7.5.14 Loss Carry Forward 34
7.5.15 Value Added Tax 34
8 United States Iron Ore Mining Industry – Competitive Landscape 35
8.1 United States Iron Ore Mining Industry – Key Companies, Cliffs Natural Resources Inc. (Cliffs Natural) 35
8.1.1 Cliffs Natural Resources Inc. (Cliffs Natural), Overview 35
8.1.2 Cliffs Natural Resources Inc. (Cliffs Natural), Business Description 35
8.1.3 Cliffs Natural Resources Inc. (Cliffs Natural), Iron Ore Projects 37
8.2 United States Iron Ore Mining Industry – Key Companies, United States Steel Corporation (USSC) 38
8.2.1 United States Steel Corporation (USSC), Overview 38
8.2.2 United States Steel Corporation (USSC), Business Description 38
8.2.3 United States Steel Corporation (USSC), Iron Ore Projects 40
8.3 United States Iron Ore Mining Industry – Key Companies, ArcelorMittal USA LLC 40
8.3.1 ArcelorMittal USA LLC, Overview 40
8.3.2 ArcelorMittal USA LLC, Business Description 40
8.3.3 ArcelorMittal USA LLC, Iron Ore Projects 41
8.4 United States Iron Ore Mining Industry – Key Companies, Palladon Ventures Ltd. (Palladon) 41
8.4.1 Palladon Ventures Ltd. (Palladon), Overview 41
8.4.2 Palladon Ventures Ltd. (Palladon), Business Description 41
8.4.3 Palladon Ventures Ltd. (Palladon), Iron Ore Projects 42
9 Appendix 43
9.1 Abbreviations 43
9.2 GlobalData’s Methodology 43
9.2.1 Coverage 43
9.2.2 Secondary Research 44
9.2.3 Primary Research 44
9.2.4 Expert Panel Validation 44
9.3 Contact Us 45
9.4 Disclaimer 45
List Of Tables
Table 1: Iron Ore Mining Industry, United States, Total Production (MMt), 2000–2020 13
Table 2: Iron Ore Mining Industry, United States, Total Fines (MMt), 2000–2020 15
Table 3: Iron Ore Mining Industry, United States, Total Reserves (MMt), 2000–2010 17
Table 4: Iron Ore Mining Industry, United States, Total Consumption (MMt), 2000–2020 19
Table 5: Iron Ore Mining Industry, United States, Exports / Imports (MMt), 2000–2020 21
Table 6: Iron Ore Mining Industry, United States, Export to Region and Countries of Origin (MMt), 2010 23
Table 7: Iron Ore Mining Industry, United States, Import from Region and Countries of Origin (MMt), 2010 25
Table 8: Iron Ore Mining Industry, United States, Top Active Projects 26
Table 9: Iron Ore Mining Industry, United States, Planned Project 26
Table 10: Iron Ore Mining Industry, United States, Occupation Tax Rates (%), 2011 30
Table 11: Iron Ore Mining Industry, United States, Alaska, Mining Tax on Net Income, 2011 31
Table 12: Iron Ore Mining Industry, United States, Federal Income Tax Rates (%), 2011 32
Table 13: Iron Ore Mining Industry, United States, State Corporate Income Tax Rates (%), 2011 32
Table 14: Iron Ore Mining Industry, United States, Cliffs Natural Resources Inc., Major Iron Ore Projects 37
Table 15: Iron Ore Mining Industry, United States, United States Steel Corporation, Iron Ore Projects 40
Table 16: Iron Ore Mining Industry, United States, ArcelorMittal USA LLC, Major Iron Ore Projects 41
Table 17: Iron Ore Mining Industry, United States, Palladon Ventures Ltd., Major Iron Ore Projects 42
List Of Figures
Figure 1: Iron Ore Mining Industry, United States, Iron Ore Production and Exports (MMt), 2000–2020 7
Figure 2: Iron Ore Mining Industry, United States, Total Production (MMt), 2000–2020 12
Figure 3: Iron Ore Mining Industry, United States, Total Fines Production (MMt), 2000–2020 14
Figure 4: Iron Ore Mining Industry, United States, Total Reserves (MMt), 2000–2010 16
Figure 5: Iron Ore Mining Industry, United States, Total Consumption (MMt), 2000–2020 18
Figure 6: Iron Ore Mining Industry, United States, Total Trade (MMt), 2000–2020 20
Figure 7: Iron Ore Mining Industry, United States, Export to Destination Countries (%), 2010 22
Figure 8: Iron Ore Mining Industry, United States, Import from Countries of Origin (%), 2010 24