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Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

v2.4.0.8
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule Of Subsidiaries
The unaudited condensed consolidated financial statements include our accounts and the accounts of our wholly owned and majority-owned subsidiaries, including the following operations:
Name
Location
Ownership Interest
Operation
Northshore
Minnesota
100.0%
Iron Ore
United Taconite
Minnesota
100.0%
Iron Ore
Wabush
Newfoundland and Labrador/Quebec, Canada
100.0%
Iron Ore
Bloom Lake
Quebec, Canada
75.0%
Iron Ore
Tilden
Michigan
85.0%
Iron Ore
Empire
Michigan
79.0%
Iron Ore
Koolyanobbing
Western Australia
100.0%
Iron Ore
Pinnacle
West Virginia
100.0%
Coal
Oak Grove
Alabama
100.0%
Coal
CLCC
West Virginia
100.0%
Coal
Schedule of Equity Method Investments
The following table presents the detail of our investments in unconsolidated ventures and where those investments are classified in the Statements of Unaudited Condensed Consolidated Financial Position as of June听30, 2013 and December听31, 2012. Parentheses indicate a net liability.
(In Millions)
Investment
Classification
Accounting
Method
Interest
Percentage
June听30,
2013
December听31, 2012
础尘补辫谩
Investments in ventures
Equity Method
30
$
29.4

$
101.9

Cockatoo
Other liabilities2
Equity Method
鈥�
N/A

(25.3
)
Hibbing
Investments in ventures1
Equity Method
23
6.4

(2.1
)
Other
Investments in ventures
Equity Method
Various
32.9

33.9

$
68.7

$
108.4

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1 At December 31, 2012 the classification for Hibbing was Other liabilities.
2 At December 31, 2012 our ownership interest percentage for Cockatoo was 50 percent.
Estimated Useful Lives Of Intangible Assets Subject To Periodic Amortization On Straight Line Basis Table [Text Block]
Other intangible assets are subject to periodic amortization on a straight-line basis over their estimated useful lives or on a units of production basis as follows:
Intangible Assets
Basis
Useful Life (years)
Permits - Asia Pacific Iron Ore
Units of production
Life of mine
Permits - All Other
Straight line
15 - 40
Utility contracts
Straight line
5
Leases - North American Coal
Units of production
Life of mine
Leases - All Other
Straight line
4.5 - 17.5