The Hibbing Taconite Property (HibTac) is mined using conventional surface mining methods. The Mine requires large 200-plus ton mining trucks, and some areas of the pit require long hauls. The surface operations include:
• Clearing and grubbing;
• Overburden (glacial till) removal;
• Drilling and blasting (excluding overburden);
• Loading and haulage.
The Mineral Reserve is based on the ongoing annual average ore production of 21.9 MLT from the Group I, II, III, IV, and V pits, producing an average of 5.6 MLT/y of wet pellets for domestic consumption. The HibTac operations have no current expansion plans and are likely to cease operating once the reserves are depleted by 2026.
The current LOM plan has mining scheduled for five years and mines the known Mineral Reserve. The average stripping ratio is 1.0 waste units to 1.0 crude ore units (1.0 stripping ratio).
There are 20 mining pits/phases with varying dimensions, with a maximum depth of approximately 600 ft attained in two of the pits/phases.
Primary production for all mine pits includes drilling 16.00 in.-diameter rotary blast holes. Production blast hole depth to 40 ft bench heights is drilled. Burden and spacing varies depending on the material being drilled. The holes are filled with explosive and blasted. A combination of front-end loaders (FEL) and electric shovels load the broken material into 240 ton-payload mining trucks for transport from t ........
