Clients

CLIFFS NATURAL RESOURCES

Cliffs Natural Resources, formerly Cleveland-Cliffs, is a Cleveland, Ohio, business firm that specializes in the mining and beneficiation of iron ore. The firm is an independent company whose shares are traded on the New York Stock Exchange. Cliffs' primary operations are organized and managed according to product category and geographic location: U.S. iron ore, Eastern Canadian iron ore, Asia Pacific iron ore, and North American coal.

Cliffs manages and operates five iron ore mines located in Michigan and Minnesota. These mines produce various grades of iron ore pellets, including standard and fluxed, for use in blast furnaces as part of the steelmaking process. As the mines are located near the Great Lakes, the majority of the pellets are transported by rail to loading ports for shipments via vessel to steelmakers in North America.

The U.S.-based mines currently have an annual rated capacity of 32.9 million gross tons of iron ore pellet production, representing 56 percent of total U.S. pellet production capacity. Based on equity ownership in these mines, Cliffs’ share of the annual rated production capacity is currently 25.5 million gross tons, representing 44 percent of total U.S. annual pellet capacity.

During 2014, 2013 and 2012, Cliffs sold 21.8 million, 21.3 million and 21.6 million tons of iron ore pellets, respectively, from its share of the production from its U.S. Iron Ore mines.


ARCELORMITTAL (BAFFINLAND IRON MINES)

Baffinland Iron Mines Corporation (Baffinland) is a Canadian mining company, mining iron ore at the Mary River operation in the Qikiqtani region of North Baffin, Nunavut, Canada.

Baffinland is jointly owned by ArcelorMittal and Nunavut Iron Ore. Our head office is located in Oakville, Ontario, Canada and our Northern Headquarters are located in Iqaluit, the capital of Nuanvut.

We also maintain a year-round presence in the North Baffin communities near our operation, with community liaison offices in Arctic Bay, Clyde River, Hall Beach, Igloolik, and Pond Inlet.


SAMANCOR CHROME

Samancor Chrome’s core business is the mining and smelting of chrome ore. With an annual capacity of some1.2 million tons of ferrochrome and chromite ore, Samancor Chrome is one of the largest integrated ferrochrome producers in the world. We produce ferrochrome, which is used in different areas of the stainless steel smelting process.

Samancor Chrome is a private company. The previous shareholders, BHP Billiton (60% ownership) and Anglo American (40% ownership), sold the company to the Kermas Group in June 2005 after evaluating several offers to arrive at the option promising the most prosperous future for the company and the best value for shareholders. Samancor Chrome is currently owned by Samancor Chrome Holdings Proprietary Limited, which is, in turn, held by Terris Chrome Limited (which holds an excess of 70%), a minority shareholder, and various Black Economic Empowerment Shareholders.

The company's corporate office is based in Sandton, Johannesburg. Four ferrochrome plants and two chrome ore mining complexes operate as separate business units in different locations in South Africa:

  • Western Chrome Mines in the Rustenburg area in the North West Province.
  • Eastern Chrome Mines near the Lydenburg /Steelpoort area of the Limpopo Province.
  • TC Smelter in the Rustenburg area in the North West Province.
  • Ferrometals near eMalahleni, Mpumalanga Province.
  • Middelburg Ferrochrome near Middelburg, Mpumalanga Province.
  • Tubatse Ferrochrome in the Lydenburg / Steelpoort area of the Limpopo Province.

TECK (CESL)

Teck is a diversified mining and metals company, headquartered in Vancouver, Canada. With expertise in exploration, mining, development, smelting, refining and materials processing, we provide quality raw materials, energy resources, chemicals and technical solutions to the global market.

Teck is a world leader in the production of zinc and metallurgical coal and is a major producer of copper, gold, indium, germanium and specialty metals. The company pursues development of new technologies that make mining more economically and environmentally sustainable and strives to be a Partner of Choice wherever it operates.


SILVER STANDARD RESOURCES

Silver Standard Resources is a Vancouver-based mining company with assets throughout the Americas. It is listed on the Toronto Stock Exchange (TSX: SSO) and on the NASDAQ Global Market (NASDAQ: SSRI). The company owns and operates the Pirquitas mine in Jujuy, Argentina, which is one of the largest primary silver mines in the world. Pirquitas achieved commercial production in December 2009. In 2012, the mine produced 8.6 million ounces of silver, exceeding production guidance for the year, and is expected to produce up to 8.5 million ounces of silver in 2013. Silver Standard also has two wholly owned feasibility stage projects, Pitarrilla in Mexico and San Luis in Peru. On July 12, 2005, Silver Standard Resources Inc. reported the remaining outstanding drilling results from the Berenguela project located five kilometers east of Santa Lucia on the altiplano of southern Peru.

In 2016 Silver Standard generated cash from operations totaling $170.7 million as well as net earnings of $65 million. The Company produced a record 393,325 gold equivalent ounces at all-in sustaining costs of $923 per payable gold equivalent ounce.