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MESABI METALLICS

The Minnesota Supreme Court on Tuesday declined to take up Mesabi Metallics' challenge of the DNR's decision to terminate the company's leases.
The company behind the long-stalled and half-built iron ore mine and processing facility near Nashwauk failed to make a $200 million payment in a last-chance requirement set by the DNR.
The project failed to raise the full $200 million required by the agency in a last-chance deal last year.
In a lawsuit filed Friday, the company claims the DNR violated the terms by terminating the leases after the company missed deadlines and requirements.

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The company had missed several last-chance requirements earlier this month.
State agency says additional requirements not met, continues lease termination.
The company said it could only provide half of the required $200 million because of the COVID-19 crisis in India.
Lourenco Goncalves, president and CEO of Cleveland-Cliffs, threatened to close Hibtac if state continues to give Mesabi Metallics leases instead of Cliffs.
Iron Range lawmakers oppose such a move and seek a different company to take over the Nashwauk site.
Mesabi Metallics Co. LLC. has applied to the Minnesota Pollution Control Agency to reissue its air quality permit for the half-built iron ore mine and taconite processing center outside Nashwauk that has never operated.

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The Minnesota Court of Appeals upheld a lower court's ruling Monday that dismissed Essar's challenge.
The Nashwauk mine failed to finish construction on the plant and missed a $12 million payment.
Company fined for disrupting streamflow

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