It is within 20 mins drive of Wabush/Lab CIty.  Most workers were staying in those two towns.  Say what you want but the global economy is reeking havoc.  

Unless China starts buying ore, Europe sorts its mess out this is going to be a while.  Finally the Yanks must not only avoid the fiscal cliff, but they need to apply booster cables to heart start their economy.  I do not have any confidence in the global market for the forseeable future.    Consumer debt all time highs, govt debts are high and Money is on the sidelines. I fear it is going to be an ugly recession with a winter freeze that will last a 2-5 years.