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Form 8-K · Current Report · Filed 2024-04-05

Tilden Mining Receives MSHA Imminent Danger Order

On April 2, 2024, Tilden Mining Company, a subsidiary of Cleveland-Cliffs Inc., received an imminent danger order from the Mine Safety and Health Administration (MSHA) for employees working without fall protection at their Michigan operations.

Filer
Cleveland-Cliffs Inc. CLF · NYSE
Filed
Accession
0000764065-24-000103
CIK
0000764065
Signal
High impactBasic Materials

Details

The order was issued due to two employees working on the back of a stationary flatbed vehicle at 48 inches above the ground without fall protection. The employees returned to the ground, and the order was terminated. The company intends to dispute the order, which did not result in any accidents, injuries, or operational impacts.

Items reported

Item 1.04

Reported Item

Mine Shutdown

Market reaction

Close before filing

$22.42

Next session

+0.0%

Since filing

-48.6%

Latest close

$11.52

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from CLF reporting the same item, with the next session's move:

About Cleveland-Cliffs Inc.

Cleveland-Cliffs Inc. is a leading integrated producer of flat-rolled steel products in North America. The company operates through a robust supply chain that spans a wide range of steel manufacturing processes, including mining, pelletizing, and direct reduced iron production. As a major supplier of steel to various industries, Cleveland-Cliffs serves critical sectors such as automotive, construction, and manufacturing, providing essential materials used in the production of vehicles, appliances, and infrastructure projects. Founded in 1847, Cleveland-Cliffs has evolved from a small iron mining operation into a comprehensive steel powerhouse, reflecting its importance to the U.S. economy and robust industrial base. The firm's strategic acquisitions and production capabilities enhance its position in the market, allowing it to reduce reliance on third-party suppliers and maintain greater control over the quality of its steel products. Cleveland-Cliffs stands out in the financial market due to its significant impact on raw material supply chains and its role in supporting industrial growth and development across North America.

Exchange NYSE Industry Steel Company website ↗

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