Cliffs Natural Resources held their annual company breakfast Tuesday morning, with attendees being joined by the company's CEO, Gary Halverson.
Halverson says he plans to continue taking the company in a direction of growth and says being able to keep the Empire Mine operating is part of that growth.
He says it's time to get back to the basics, looking at how they operate productively, efficiently and continue their core values of safety and environmental stewardship. Last year they brought in $5.7 billion in revenue.
This year the company will be focusing on their financial discipline to continue forming a sustainable business.
"Even though we were looking at closing at Empire, the guys continue to focus on their safety and environmental stewardship and continued on meeting their targets so the focus there will be continuing to do that and the great work the guys do here in Michigan," said Halverson.
He also says they hope to continue forming long-term partnerships, extending the life of their mines and aid in growth. Last week, Cliffs announced the Empire Mine will not be closing at the end of this year.
In fact, it'll be around for at least three more years.