AG真人平台AG真人试玩

Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

锘� v2.3.0.11
Segment Reporting
 6 Months Ended
Jun. 30, 2011
Segment Reporting 听
Segment Reporting

NOTE 2 鈥� SEGMENT REPORTING

Our Company's primary operations are organized and managed according to product category and geographic location: U.S. Iron Ore, Eastern Canadian Iron Ore, North American Coal, Asia Pacific Iron Ore, Asia Pacific Coal, Latin American Iron Ore, Alternative Energies, Ferroalloys and our Global Exploration Group. The U.S. Iron Ore segment is comprised of our interests in听five U.S. mines that provide iron ore to the integrated steel industry. The Eastern Canadian Iron Ore segment is comprised of听two Eastern Canadian mines that provide iron ore primarily to the seaborne market to Asian steel producers. The North American Coal segment is comprised of our听five metallurgical coal mines and听one thermal coal mine that provide metallurgical coal primarily to the integrated steel industry and thermal coal primarily to the energy industry. The Asia Pacific Iron Ore segment is comprised of听two iron ore mining complexes in Western Australia and provides iron ore to steel producers in China and Japan. There are no intersegment revenues.

听

The Asia Pacific Coal operating segment is comprised of our听45 percent economic interest in Sonoma, located in Queensland, Australia. The Latin American Iron Ore operating segment is comprised of our听30 percent Amap谩 interest in Brazil. The Alternative Energies operating segment is comprised of our听95 percent interest in renewaFUEL located in Michigan. The Ferroalloys operating segment is comprised of our interests in chromite deposits held by Freewest and Spider in Northern Ontario, Canada, and the Global Exploration Group is focused on early involvement in exploration activities to identify new world-class projects for future development or projects that add significant value to existing operations. The Asia Pacific Coal, Latin American Iron Ore, Alternative Energies, Ferroalloys and Global Exploration Group operating segments do not meet reportable segment disclosure requirements and therefore are not separately reported.

We evaluate segment performance based on sales margin, defined as revenues less cost of goods sold and operating expenses identifiable to each segment. This measure of operating performance is an effective measurement as we focus on reducing production costs throughout the Company.

听

The following table presents a summary of our reportable segments for the three and six months ended June听30, 2011 and 2010:

听

听 听听 (In Millions) 听
听 听听 Three听Months听Ended
June听30, 		听 听听 Six听Months听Ended
June听30, 		听
听 听听 2011 听 听听 2010 听 听听 2011 听 听听 2010 听

Revenues from product sales and services:

 听听 听听 听听 听听 听听 听听 听听 听听

U.S. Iron Ore

 听听 听听$ 885.2听听 听听 听听 听 49% 听听 听听 听听$ 604.0听听 听听 听听 听 51% 听听 听听 听听$ 听听1,395.3听听 听听 听听 听 47% 听听 听听 听听$ 988.4听听 听听 听听 听 52% 听听

Eastern Canadian Iron Ore

 听听 听 297.6听听 听听 听听 听 16% 听听 听听 听 110.8听听 听听 听听 听 9% 听听 听听 听 424.9听听 听听 听听 听 14% 听听 听听 听 183.7听听 听听 听听 听 10% 听听

North American Coal

 听听 听 159.7听听 听听 听听 听 9% 听听 听听 听 116.2听听 听听 听听 听 10% 听听 听听 听 324.7听听 听听 听听 听 11% 听听 听听 听 197.3听听 听听 听听 听 10% 听听

Asia Pacific Iron Ore

 听听 听 381.6听听 听听 听听 听 21% 听听 听听 听 309.4听听 听听 听听 听 26% 听听 听听 听 727.0听听 听听 听听 听 24% 听听 听听 听 468.9听听 听听 听听 听 25% 听听

Other

 听听 听 81.7听听 听听 听听 听 5% 听听 听听 听 43.9听听 听听 听听 听 4% 听听 听听 听 117.1听听 听听 听听 听 4% 听听 听听 听 73.7听听 听听 听听 听 4% 听听
听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听

Total revenues from product sales and services for reportable segments

 听听 听听$ 听听1,805.8听听 听听 听听 听 100% 听听 听听 听听$ 听听1,184.3听听 听听 听听 听 100% 听听 听听 听听$ 2,989.0听听 听听 听听 听 100% 听听 听听 听听$ 听听1,912.0听听 听听 听听 听 100% 听听
听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听

Sales margin:

 听听 听听 听听 听听 听听 听听 听听 听听

U.S. Iron Ore

 听听 听听$ 441.1听听 听听 听听 听听 听听$ 179.8听听 听听 听听 听听 听听$ 802.4听听 听听 听听 听听 听听$ 281.3听听 听听 听听

Eastern Canadian Iron Ore

 听听 听 68.5听听 听听 听听 听听 听 28.7听听 听听 听听 听听 听 103.0听听 听听 听听 听听 听 36.7听听 听听 听听

North American Coal

 听听 听 (14.8)听 听听 听听 听听 听 23.0听听 听听 听听 听听 听 (17.7)听 听听 听听 听听 听 12.4听听 听听 听听

Asia Pacific Iron Ore

 听听 听 205.0听听 听听 听听 听听 听 169.1听听 听听 听听 听听 听 400.8听听 听听 听听 听听 听 212.8听听 听听 听听

Other

 听听 听 31.0听听 听听 听听 听听 听 14.1听听 听听 听听 听听 听 41.0听听 听听 听听 听听 听 21.5听听 听听 听听
听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听

Sales margin

 听听 听 730.8听听 听听 听听 听听 听 414.7听听 听听 听听 听听 听 1,329.5听听 听听 听听 听听 听 564.7听听 听听 听听

Other operating expense

 听听 听 (113.9)听 听听 听听 听听 听 (48.9)听 听听 听听 听听 听 (171.4)听 听听 听听 听听 听 (85.5)听 听听 听听

Other income (expense)

 听听 听 (27.7)听 听听 听听 听听 听 (14.1)听 听听 听听 听听 听 (6.6)听 听听 听听 听听 听 19.7听听 听听 听听
听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听

Income from continuing operations before income taxes and equity income (loss) from ventures

 听听 听听$ 589.2听听 听听 听听 听听 听听$ 351.7听听 听听 听听 听听 听听$ 1,151.5听听 听听 听听 听听 听听$ 498.9听听 听听 听听
听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听

Depreciation, depletion and amortization:

 听听 听听 听听 听听 听听 听听 听听 听听

U.S. Iron Ore

 听听 听听$ 22.2听听 听听 听听 听听 听听$ 15.7听听 听听 听听 听听 听听$ 39.5听听 听听 听听 听听 听听$ 27.5听听 听听 听听

Eastern Canadian Iron Ore

 听听 听 30.1听听 听听 听听 听听 听 14.4听听 听听 听听 听听 听 39.9听听 听听 听听 听听 听 25.6听听 听听 听听

North American Coal

 听听 听 20.8听听 听听 听听 听听 听 11.3听听 听听 听听 听听 听 42.4听听 听听 听听 听听 听 23.0听听 听听 听听

Asia Pacific Iron Ore

 听听 听 24.9听听 听听 听听 听听 听 40.3听听 听听 听听 听听 听 48.9听听 听听 听听 听听 听 66.2听听 听听 听听

Other

 听听 听 7.4听听 听听 听听 听听 听 6.8听听 听听 听听 听听 听 14.5听听 听听 听听 听听 听 12.8听听 听听 听听
听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听

Total depreciation, depletion and amortization

 听听 听听$ 105.4听听 听听 听听 听听 听听$ 88.5听听 听听 听听 听听 听听$ 185.2听听 听听 听听 听听 听听$ 155.1听听 听听 听听
听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听

Capital additions (1):

 听听 听听 听听 听听 听听 听听 听听 听听

U.S. Iron Ore

 听听 听听$ 55.7听听 听听 听听 听听 听听$ 19.2听听 听听 听听 听听 听听$ 87.3听听 听听 听听 听听 听听$ 27.2听听 听听 听听

Eastern Canadian Iron Ore

 听听 听 60.7听听 听听 听听 听听 听 3.2听听 听听 听听 听听 听 64.2听听 听听 听听 听听 听 4.6听听 听听 听听

North American Coal

 听听 听 28.5听听 听听 听听 听听 听 9.8听听 听听 听听 听听 听 56.0听听 听听 听听 听听 听 13.9听听 听听 听听

Asia Pacific Iron Ore

 听听 听 58.0听听 听听 听听 听听 听 12.5听听 听听 听听 听听 听 83.3听听 听听 听听 听听 听 20.2听听 听听 听听

Other

 听听 听 3.5听听 听听 听听 听听 听 2.2听听 听听 听听 听听 听 6.6听听 听听 听听 听听 听 4.8听听 听听 听听
听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听

Total capital additions

 听听 听听$ 206.4听听 听听 听听 听听 听听$ 46.9听听 听听 听听 听听 听听$ 297.4听听 听听 听听 听听 听听$ 70.7听听 听听 听听
听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听 听听 听 听 听 听听

(1)听Includes capital lease additions and non-cash accruals.

听

A summary of assets by segment is as follows:

听

听 听听 (In Millions) 听
听 听听 听听June听30,听听
2011 		听 听听 听听December听31,听听
2010		 听

Segment Assets:

 听听 听听

U.S. Iron Ore

 听听 听听$ 1,807.6听听 听听 听听 听听$ 1,537.1听听 听听

Eastern Canadian Iron Ore

 听听 听 7,525.6听听 听听 听听 听 629.6听听 听听

North American Coal

 听听 听 1,625.4听听 听听 听听 听 1,623.8听听 听听

Asia Pacific Iron Ore

 听听 听 1,429.2听听 听听 听听 听 1,195.3听听 听听

Other

 听听 听 1,021.3听听 听听 听听 听 1,257.8听听 听听
听听 听 听 听 听听 听 听 听

Total segment assets

 听听 听 13,409.1听听 听听 听听 听 6,243.6听听 听听

Corporate

 听听 听 262.6听听 听听 听听 听 1,534.6听听 听听
听听 听 听 听 听听 听 听 听

Total assets

 听听 听听$ 听听听听听听听听13,671.7听听 听听 听听 听听$ 听听7,778.2听听 听听
听听 听 听 听 听听 听 听 听