Chippewa Capital Partners buys land, half of Nashwauk ore
A sister company to Chippewa Capital Partners has purchased 1,040 acres of land and the rights to half the iron ore below at the Nashwauk mine site of its fledgling Mesabi Metallics taconite project.
Essar Steel Minnesota heads toward bankruptcy
That company foundered, however, and India-based Essar appeared as a savior in 2007 when it agreed to take over the project that included not only an iron ore mine and processing center but also ...
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What next for long-suffering Nashwauk mine project?
Starting in 2007, Essar Steel Minnesota spent a large but hard-to-quantify amount of money building iron ore processing plant structures on the site. The company didn't finish, but from 2012 to 2015 they erected enormous steel buildings and filled them with actual mining equipment.
Foulath Subsidiary, Bahrain Steel, Signs LOI for Iron Ore …
Foulath Subsidiary, Bahrain Steel, a leading producer, and global supplier of high-grade iron-ore pellets, has partnered with multinational conglomerate Essar Group in the supply of iron ore pellets to the Green Steel Arabia (GSA) project. The Letter of Intent (LOI) signing ceremony was held on Wednesday, 16th August 2023, in Jubail, KSA.
Essar returns to steel biz with $8-bn investment
The $15-billion Essar group is making a quiet but big comeback to the steel industry with a global footprint in three mega projects with an investment of $8 billion over three to four years, according to a senior official. These include a steel plant in Saudi Arabia, and an iron pellet plant each in Odisha and Minnesota, US.
London's Liberty House, backer of bid for Essar project, also …
This week brought the surprising news that Chippewa Capital Partners submitted the successful bid for the former Essar Steel Minnesota iron ore project on the western Mesabi Iron Range. Chippewa Capital Partners is a financing group formed around ERP Iron Ore, a company founded by ia state entrepreneur Tom Clarke.
Essar rejoins Nashwauk project; ArcelorMittal looms large
The nameless shapeshifting proposed iron ore mine outside Nashwauk roils the Iron Range again as old names and new names enter the storyline. ... Essar rejoins Nashwauk project; ArcelorMittal looms large. September 13, ... Jerry Burnes reports that Essar Steel Minnesota has maintained its corporate firewall between itself and former …
Making Mega Projects Possible
Essar Projects was amongst the first few Indian companies that ventured into the challenging environment of offshore construction back in ... • 12" Dia x 3.5 km Slurry Pipeline at Minnesota for Essar Steel Minnesota Ltd. ... every stage of the steel manufacturing process – from iron ore to rolling out the end product. and be considered ...
New majority investor announced for Essar project on Iron …
A day after meeting with Minnesota's governor, the company that controls the controversial Essar Steel Minnesota project on the Iron Range announced that it …
Essar Steel Minnesota, Nashwauk, MN
Sebench Engineering is currently performing the design of the Fire Protection Systems for the largest integrated mine-to-steel-making facility in North America. This $1.65+ billion project will ultimately produce up to …
Essar Minmet: Advanced Technology for High-Grade Iron Ore …
Essar Minmet uses advanced technology to produce high-grade iron ore pellets for decarbonizing the steel industry. Ready to meet increasing global demand for EAF-produced steel.
Up North Report: Inside Essar Steel Minnesota, North America…
Iron Range writer Brown tours the long-awaited, often-delayed Essar Steel Minnesota project near Nashwauk where significant progress and new goals aim to shake up Iron Range economy.
Court backs DNR in axing leases for beleaguered Nashwauk iron ore project
An iron ore project in Nashwauk that was first proposed in 2007 is still in limbo. Pictured is a file photo from 2014. ... Essar Steel Minnesota started building the Nashwauk plant in earnest in ...
Essar Steel Minnesota faces financing woes again
"We expect U.S.-based Essar Steel Minnesota LLC will be vulnerable to financing, execution and completion risks as the company constructs its iron ore mine and its concentrate and pelletizing plant."
Company trying to finish $2.6 billion Essar Minnesota project …
Wall Street rallies to bounce back from its worst day in nearly 2 years, as Japanese stocks soar
Cliffs buys land, mineral rights at Nashwauk project site
Cleveland-Cliffs announced Monday that it has acquired land in Itasca County adjacent to the proposed Mesabi Metallics project in a move that further confuses how the former Essar Steel Minnesota ...
Minnesota Supreme Court rejects Mesabi Metallics' bid to …
The Department of Natural Resources is now set to reassign state leases for the long-stalled Mesabi project to other mining interests.
Minnesota iron ore producer files for bankruptcy
Essar Steel Minnesota LLC (ESML), Hibbing, Minnesota, has reportedly filed for Chapter 11 bankruptcy protection after Minnesota's state government cancelled …
Minnesota awards Nashwauk mineral leases to Cleveland …
Essar Steel Minnesota started construction in earnest in 2011 with a planned 2013 completion date. But by July 2016, after myriad missed deadlines, then-Gov. Mark Dayton moved to terminate Essar's ...
Essar Steel Minnesota, LLC
After obtaining environmental clearances and acquiring over 8,000 acres in Itasca County near Nashwauk, Essar Steel Minnesota broke ground for its $1.1 billion pellet plant in September of 2008. In addition to iron ore mining and production, the proposed project included a 4-million metric ton pellet plant, a direct reduced iron (DRI) unit and steel …
As Essar Steel Minnesota ramps up, State officials visit the company
About Essar Steel Minnesota LLC. ESML is an iron ore project engaged in the development of a 7 million ton per annum fully-integrated pellet production facility in the western Mesabi Range in ...
Essar Global to acquire Minnesota Steel; invest USD 1.65 …
("Minnesota") today announced that an agreement has been executed to acquire Minnesota Steel LLC; a US based steel company which controls iron ore resources of over 1.4 Billion tonnes. Minnesota Steel plans to set up an integrated steel plant at an estimated cost of USD 1.65 billion.
Essar claims financing; Magnetation rolls pellets
Essar Steel Minnesota (ESML) has secured the financing needed to complete construction of its open-pit iron ore mine, crushing, concentrating and pelletizing facilities in Nashwauk, the company announced Wednesday.
State officials move to bar Essar Steel from …
The Minnesota Department of Natural Resources is moving to legally bar Essar Global from doing business in the state, after more than 10 years of missed deadlines and payments in the company's ...
Essar Steel Minnesota bankruptcy resolved
It took more than 11 months, thousands of court documents and dozens of attorneys, but the massive Essar Steel Minnesota bankruptcy case has been resolved. Federal Judge Brendan Shannon in ...
UPDATE: Mesabi Metallics claims new partners to restart former Essar
Mesabi Metallics consultant claims new investors and partners for former Essar Steel iron ore project near Nashwauk, Minnesota.
Essar Steel Minnesota LLC signs a landmark Iron Ore Pellet …
HIBBING, MN, Feb. 11, 2013 /PRNewswire/ - Essar Steel Minnesota LLC ("ESML" or the "Company") is pleased to announce that it has entered into a long term iron ore pellet off-take agreement with ...
History
Production of natural iron ore from the Mesabi Range commenced in 1866 through the late 1960s. The history of Essar Steel Minnesota.
Mining and Plant Facilities
The main steps involved in the production of pellets at ESML's facility are: the mining of iron ore; the crushing of the mined ore; the concentration of the crushed ore; and the pelletization of the concentrate.
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New owners bring Essar project out of bankruptcy
Iron workers set up a crane in 2014 to move steel for the construction of buildings on the site of Essar Steel Minnesota's taconite mine project in Nashwauk, Minn.