Wabush Mine (Scully) Mining Property in Canada, Newfoundland

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WABUSH MINE (SCULLY)

Classification: Active/Verified
Status: Producer
Type of Work: Open-Pit

Location:
Canada, Newfoundland
Nearest Landmark: WABUSH
Distance from Landmark: 5 km
Direction from Landmark: West
Latitude: 52 Degrees 54 Minutes (North)
Longitude: 66 Degrees 55 Minutes (West)

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October 9, 2009

Consolidated Thompson Iron Mines announced that it has made an offer to purchase a 100% interest in the Wabush Mines joint venture from U.S. Steel Canada Inc, ArcelorMittal Dofasco Inc. (�AMD�) and Cliffs Natural Resources Inc, for an aggregate purchase price of US$120 million.

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September 30, 2008

Reported iron ore production of 3.2 million Long tons of Iron Pellets.

June 30, 2008

Reported to have produced 2.1 million long tons iron pellet.

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