Cleveland-Cliffs Announces Management Changes in Its Ferrous Metallics Business Segment.Business Editors CLEVELAND--(BUSINESS WIRE)--April 28, 2000 Cleveland-Cliffs Inc (NYSE NYSE See: New York Stock Exchange :CLF) today announced two changes in the management of the Company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Cliffs Reduced Iron Corporation (CRIC), effective May 1, 2000: -- Steven A. Elmquist has been appointed Vice President and General Manager of CRIC with responsibility for the Cliffs and Associates Limited (CAL) hot briquetted iron (HBI) plant in Trinidad and Tobago Trinidad and Tobago (trĭn`ĭdăd, təbā`gō), officially Republic of Trinidad and Tobago, republic (2005 est. pop. 1,088,000), 1,980 sq mi (5,129 sq km), West Indies. The capital is Port of Spain. . Elmquist will report to Edward C. Dowling, Cliffs' Senior Vice President-Operations. -- Rainald W. von Bitter, who is currently responsible for the CAL plant in Trinidad, will become Vice President and General Manager-Reduced Iron Project Support of CRIC. In his new position, Ray will continue to provide liaison and support to CAL, as well as assisting in the continuing development of Cliffs' ferrous metallics business. von Bitter will report to William R. Calfee, Cliffs' Executive Vice President-Commercial, and President of CRIC. Mr. Elmquist is currently Assistant General Manager of the Cliffs-managed Hibbing Taconite Mine in Minnesota and prior to that was Manager of the Silver Bay operations of Cliffs' wholly-owned Northshore Mining Company, also in Minnesota. Before joining Cliffs in 1990, he held management positions with several metallics companies prototyping direct reduced iron Direct reduced iron is produced from iron ore powder through heating and chemical reduction by natural gas. While this is in general a more expensive process than reducing the ore in a blast furnace, there are several factors which can make it economical: BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in Minerals Engineering from the University of Minnesota (body, education) University of Minnesota - The home of Gopher. http://umn.edu/. Address: Minneapolis, Minnesota, USA. and a Master's degree in Engineering Management from the Milwaukee School of Engineering
The Milwaukee School of Engineering (MSOE) is a private university located in a vibrant neighborhood in downtown Milwaukee, Wisconsin. . Mr. von Bitter oversaw construction of the HBI plant in Trinidad and has led CAL during its commissioning and start-up activities. Prior to the CAL assignment, he held numerous operating and management positions with various Cliffs-managed mining ventures. He holds a Master's degree in Mechanical Engineering from the University of Waterloo The University of Waterloo (also referred to as UW, UWaterloo, or Waterloo) is a medium-sized research-intensive public university in the city of Waterloo, Ontario, Canada. The school was founded in 1957. in Ontario, Canada. Cleveland-Cliffs is the largest supplier of iron ore products to the North American steel industry and is developing a significant ferrous metallics business. Subsidiaries of the Company manage six iron ore mines in North America and hold equity interests in five of the mines. Cliffs has a major iron ore reserve position in the United States, is a substantial iron ore merchant, and is beginning production of hot briquetted iron at a joint venture plant in Trinidad and Tobago. To obtain faxed copies of Cleveland-Cliffs Inc news releases dial (800) 778-3888. News releases and other information on the Company are available on the Internet at http://www.cleveland-cliffs.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion