Mining Tax Guide - Minnesota State Legislature

Company
Figure 24
Occupation Tax Mine Value and Occupation Tax Paid
Employment
2009 2010
Production year
1 An automatic seven-month extension is granted if 90 percent of the tax is paid May 1.
The exact tax liability for the year will not be known until December 1.
* This amount includes both Minntac and Keewatin Taconite.
Figure 25
Occupation Tax Paid by Company
Hibbing Tac $7 $1,141 $1,525 $2,175 $2,260 $5,420 $0 $300
Arcelor-Mittal 35 124 240 130 680 1,137 0 0
National Steel* 0 0 0 0 0 0 0 0
Northshore 0 41 25 280 832 1,563 340 707
United Tac 0 354 770 151 1,086 2,600 0 2,010
USS - Minntac 1,400 3,104 4,000** 5,000** 5,500** 12,668** 0 9,600
USS - Keetac 0 147
Taconite total $1,442 $4,911 $6,560 $7,736 $10,358 $23,388 $340 $12,617
Mesabi Nugget $- $- $- $- $- $- $- $0
Direct-reduced iron
(DRI) total $- $- $- $- $- $- $- $0
Magnetation $- $- $- $- $- $- $- $0
Natural ore total $- $- $- $- $- $- $- $0
34
2010
mine value
Occupation
tax paid 1
(preliminary)
Natural ore totals 30 37 89,581 $5,288,303 $0
2003
(000’s)
2004
(000’s)
2005
(000’s)
2010
tons produced
Hibbing Taconite 310 631 5,715,605 $465,566,148 $300,000
Arcelor-Mittal Steel 330 339 2,820,686 225,998,306 0
Northshore 520 575 4,766,315 375,038,899 707,000
USS-Keetac 86 416 4,905,833 390,810,677
USS-Minntac 911 1,264 12,758,854 1,035,090,767 9,600,000*
United Taconite 500 499 5,016,273 397,208,477 2,010,000
Taconite totals 2,657 3,724 35,983,566 $2,889,713,274 $12,617,000
Mesabi Nugget
Direct-reduced iron (DRI)
N/A N/A 73,817 $33,198,250 $0
totals N/A N/A 73,817 $33,198,250 $0
Magnetation 30 37 89,581 $5,288,303 $0
Grand total 2,687 3,761 36,146,964 $2,928,199,827 $12,617,000
2006
(000’s)
2007
(000’s)
2008
(000’s)
2009
(000’s)
2010
(000’s)
Total tax paid $1,442 $4,911 $6,560 $7,736 $10,358 $23,388 $340 $12,617
*The former National Steel is now USS-Keewatin Taconite (Keetac).
** USS-Minntac & USS-Keetac file a combined return.