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Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

v2.4.0.6
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2012
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:

Ìý

ÌýÌýÌýÌýÌýÌýÌýÌýNameÌýÌýÌýÌýÌýÌýÌýÌý

ÌýÌý ÌýÌýÌýÌýLocationÌýÌýÌýÌý ÌýÌý ÌýÌýÌýÌýOwnershipÌýInterestÌýÌýÌýÌý Ìý Ìý ÌýÌýÌýÌýOperationÌýÌýÌýÌý

ÌýNorthshore

ÌýÌý ÌýMinnesota ÌýÌý Ìý 100.0 %Ìý Ìý IronÌýOre

ÌýUnited Taconite

ÌýÌý ÌýMinnesota ÌýÌý Ìý 100.0 %Ìý Ìý Iron Ore

ÌýWabush

ÌýÌý ÌýLabrador/Quebec,ÌýCanada ÌýÌý Ìý 100.0 %Ìý Ìý Iron Ore

ÌýBloom Lake

ÌýÌý ÌýQuebec, Canada ÌýÌý Ìý 75.0 %Ìý Ìý Iron Ore

ÌýTilden

ÌýÌý ÌýMichigan ÌýÌý Ìý 85.0 %Ìý Ìý Iron Ore

ÌýEmpire

ÌýÌý ÌýMichigan ÌýÌý Ìý 79.0 %Ìý Ìý Iron Ore

ÌýKoolyanobbing

ÌýÌý ÌýWestern Australia ÌýÌý Ìý 100.0 %Ìý Ìý Iron Ore

ÌýPinnacle

ÌýÌý ÌýWest Virginia ÌýÌý Ìý 100.0 %Ìý Ìý Coal

ÌýOak Grove

ÌýÌý ÌýAlabama ÌýÌý Ìý 100.0 %Ìý Ìý Coal

ÌýCLCC

ÌýÌý ÌýWest Virginia ÌýÌý Ìý 100.0 %Ìý Ìý Coal
Investments In Unconsolidated Ventures

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 JuneÌý30, 2012 and DecemberÌý31, 2011. Parentheses indicate a net liability.

Ìý

Ìý ÌýÌý Ìý ÌýÌý Ìý ÌýÌý Ìý ÌýÌý (In Millions) Ìý

InvestmentÌýÌýÌýÌý

ÌýÌý ClassificationÌýÌýÌýÌýÌýÌýÌýÌý ÌýÌý ÌýÌýAccountingÌýÌý
Method
ÌýÌý Interest
ÌýÌýPercentageÌýÌý
ÌýÌý ÌýÌýJuneÌý30,ÌýÌý
2012
Ìý ÌýÌý

ÌýÌýDecemberÌý31,ÌýÌý
2011

Ìý

´¡³¾²¹±èá

ÌýÌý InvestmentsÌýinÌýventures ÌýÌý EquityÌýMethod ÌýÌý 30 ÌýÌý ÌýÌý$ ÌýÌýÌýÌýÌýÌýÌýÌý493.4ÌýÌý ÌýÌý ÌýÌý ÌýÌý$ 498.6ÌýÌý ÌýÌý

Cockatoo

ÌýÌý Other liabilities ÌýÌý Equity Method ÌýÌý 50 ÌýÌý Ìý (16.7)Ìý ÌýÌý ÌýÌý Ìý (15.0)Ìý ÌýÌý

Hibbing

ÌýÌý Other liabilities ÌýÌý Equity Method ÌýÌý 23 ÌýÌý Ìý (5.8)Ìý ÌýÌý ÌýÌý Ìý (6.8)Ìý ÌýÌý

Other

ÌýÌý Investments in ventures ÌýÌý Equity Method ÌýÌý Various ÌýÌý Ìý 37.8ÌýÌý ÌýÌý ÌýÌý Ìý 28.0ÌýÌý ÌýÌý
ÌýÌý ÌýÌý ÌýÌý ÌýÌý

Ìý

Ìý

Ìý ÌýÌý

Ìý

Ìý

Ìý
ÌýÌý ÌýÌý ÌýÌý ÌýÌý ÌýÌý$ 508.7ÌýÌý ÌýÌý ÌýÌý ÌýÌý$ 504.8ÌýÌý ÌýÌý
ÌýÌý ÌýÌý ÌýÌý ÌýÌý

Ìý

Ìý

Ìý ÌýÌý

Ìý

Ìý

Ìý