Lourenco Goncalves, president and CEO of Cleveland-Cliffs, threatened to close Hibtac if state continues to give Mesabi Metallics leases instead of Cliffs.
Essar Global, the company that left the Nashwauk mine site half built and in bankruptcy, is suing two Minnesota state agencies that are trying to prevent the company from conducting business in the state.
India's Essar Steel may be trying to get back into the long-delayed taconite project in Nashwauk, but the state of Minnesota is making it clear it doesn't want Essar back.
Essar could become a minority stakeholder in Mesabi Metallics if a memorandum of understanding with a Switzerland-based commodity group comes to fruition.
A federal bankruptcy judge heard oral arguments Tuesday on whether Glacier Park Iron Ore Properties had the right to pull its mineral rights at the Mesabi Metallics Nashwauk mine site out of a bankruptcy agreement and sell them to Cleveland-Cliffs.
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. Deeds for the purchase were filed with Itasca ...
