trending Market Intelligence /marketintelligence/en/news-insights/trending/4i5eW15cCfmPY4Mi3PQQGg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Cleveland-Cliffs facing arbitration claim over allegedly unpaid royalties

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Cleveland-Cliffs facing arbitration claim over allegedly unpaid royalties

Cleveland-Cliffs Inc. is facing an arbitration claim from New York-based Mesabi Trust over royalties on the Peter Mitchell iron ore mine in Minnesota.

Cleveland-Cliffs unit Northshore Mining Co. mines ore from the mine and pays a royalty to Mesabi based on the selling prices of pellets shipped from the Northshore pellet plant.

In a case filed with the American Arbitration Association, Mesabi alleged that Northshore failed to record and calculate royalties related to the production, shipment and sale of iron ore, including direct reduction-grade pellets, during the second and third quarters.

The royalty trust is seeking an award of damages, along with specific performance and declaratory relief. No specific figures were disclosed in the Dec. 9 news release.

Cleveland-Cliffs recently agreed to acquire AK Steel Holding Corp. for US$1.1 billion.