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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 …

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Minnesota DNR retains control of Iron Range mineral …

The original Essar Steel Minnesota project promised about 500 jobs, up to 2,100 spinoff positions and would put more than 2,000 construction to work on building it. With …

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Powering the decarbonization of global steel …

Supporting economic prosperity for Northern Minnesota. ... DR Grade Iron Ore; Green Steel; Sustainability. Environmental Sustainability; Social Sustainability; ... with over $1.8B already invested in the project. 50. Mesabi …

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Essar Minmet: Advanced Technology for High …

Essar Minmet is aiding the steel industry in its critical journey to such a landmark milestone. Its high-grade DR and BF iron ore pellets are produced using state-of-the-art technology. ... at Essar Capital. With 18 years …

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DNR to consider 'credible miners' for Nashwauk …

Since 2007, iterations of Mesabi Metallics — the former Essar Steel Minnesota project that has had multiple owners, managers and names — has floundered through construction stoppages ...

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Our Profile

Essar Steel Minnesota LLC (ESML) is building a state-of-the-art open pit mining, concentrating and pelletizing plant. This started as a greenfield pellet plant project in northern Minnesota, on …

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Long-delayed Iron Range taconite project revived …

After many delays, $2B Iron Range project revives quest to create first new taconite mine since 1970s. Mesabi Metallics lost critical state mineral leases last year, leaving an even bigger ...

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New owners bring Essar project out of …

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. ... 7 million tons of iron ore ...

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Mesabi Metallics wins small victory with judge allowing its …

Mesabi Metallics is the corporate successor to Essar Steel Minnesota, which started building a $2 billion-plus taconite facility about 13 years ago in the Iron Range of …

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Minnesota awards Nashwauk mineral leases to …

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 ...

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Mesabi Metallics Aims to Triple Workforce This Fall

Mesabi Metallics Company LLC, an Essar Group company, is constructing a state-of-the-art, 7-million metric ton Direct Reduction (DR) grade iron ore pellet and mine with …

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Long-delayed Minnesota iron mining project appears to be …

Essar Steel/Mesabi Metalics construction began 15 years ago before hitting hurdles ... — A controversial $2 billion-plus mining project on Minnesota's Iron Range that has …

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Foulath Subsidiary Signs LOI for Iron Ore Supply …

Manama, Bahrain – 17th August, 2023: 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 …

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Minnesota Iron Ore Project, Nashwauk, Minnesota

The open pit iron ore mine, located on the western end of the Mesabi Range in Minnesota, was acquired by Essar Steel Minnesota from Minnesota Steel Industries in October 2007. It is spread over approximately 19,000 acres, including 4,360 acres of mineral lease land, with favourable infrastructure facilities for iron o…See more on mining-technology

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Mesabi Metallics says its full steam ahead at …

Mesabi Metallics plans to be producing iron ore pellets at its project site near Nashwauk beginning in the first quarter of 2026, according to company officials.

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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 would have a new majority …

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Reclaimed ore, high prices spark mining scramble …

Many around Calumet include material like this, consisting of pebble-sized iron ore. Photo by Aaron Brown for Minnesota Reformer. For 130 years, workers excavated vast wealth from the Mesabi Iron Range for big …

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Essar Group to invest an additional $650 million in …

The Indian concern Essar Group plans to invest an additional $650 million in its iron ore project in the United States (Minnesota). This was announced by the company's CEO Prashant Ruia, the group said in a …

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India's Essar Group to invest additional $650 million in iron …

The project includes the construction of an open-pit mine, a concentrator and a 7 million mt per year iron ore pellet plant, which is expected to be the only facility in the US to …

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Essar Steel Minnesota Files For Bankruptcy After Dayton …

Essar Steel Minnesota, which once promised the state's first new taconite plant in decades and the state's first direct-reduced iron plant, filed for Chapter 11 bankruptcy …

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RENAISSANCE ON THE IRON RANGE: $1.65 BILLION …

Essar Steel Minnesota is projecting to create 2,000 construction jobs, 700 permanent jobs and more than 2,000 spin-off jobs, according to Iron Range Resources. The project includes a new …

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Good news on the Iron Range: $2 billion Mesabi …

In 2008, Indian steel giant Essar broke ground for the facility at the same site where a mine closure in 1985 devastated the region. The state of Minnesota, through Itasca County, helped Essar build rail lines, roads and …

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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 …

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Cliffs buys land, mineral rights at Nashwauk …

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 ...

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Essar's Long-Awaited Mesabi Iron Ore Project Gains Traction …

The Mesabi Iron Ore project, located in the heart of the Mesabi Iron Range in northern Minnesota, is a long-awaited initiative by Essar Group. Nearly two decades in the …

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Essar Lays Foundation for Essar Steel Minnesota

In addition to iron ore mining and production, the project will include a concentration plant, a pellet plant, a direct-reduced iron (DRI) plant and steelmaking facilities. At full production Essar Steel …

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Mining and Plant Facilities

The secondary screens will further separate the iron ore into oversized and undersized ore by weight. The undersized iron ore from the secondary screening process will be transported to …

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Essar Steel Minnesota bankruptcy resolved

Clarke said his first priority is to get a more precise estimate of the cost of finishing the taconite mine and processing center. Essar pumped $1.8 billion into the project that has been declared ...

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After seven years, Essar's giant Iron Range project finds a groove

Over seven years, the state and Essar built 13 miles of railroad tracks and Minnesota Power built transmission substations. Essar spent about $1 billion constructing 12 …

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Minnesota Brown: Modern Life on the Iron Range

Part of the taconite plant under construction at Essar Minnesota's Nashwauk project in May 2015. (Aaron J. Brown) UPDATE: I've revised the June 6 post with new information and …

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Chippewa Capital Partners buys land, half of …

India-based Essar Steel Minnesota spent $1.8 billion on the project and wasn't close to finishing the job when it walked away late in 2015 and later declared bankruptcy after years of delays and ...

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Minnesota State Auditor Julie Blaha Visits Mesabi Metallics, …

Auditor Blaha's visit highlights the statewide significance of the Mesabi Metallics project [NASHWAUK, MN] – This week, Minnesota State Auditor Julie Blaha visited Mesabi …

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Essar back in the picture at $2 billion Nashwauk mining and processing

Essar Global in India is back in the financial picture at the controversial $2 billion iron ore mine and processing project in Nashwauk after paying off mountains of debt. ... Essar …

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Mesabi Metallics Acquires Additional Office Location in …

[NASHWAUK, MN] – Mesabi Metallics Company LLC (Mesabi Metallics) announced today that it has acquired an additional office location in Nashwauk, Minnesota. The strategic …

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No more Essar Steel; it's now Mesabi Metallics

Mesabi Metallics is now controlled by a California investment firm, SPL Advisors, that is trying to broker a deal to pay off some of Essar's $1 billion debt, work out a payment plan for contractors …

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Overview

The project involves the construction and commissioning of an iron ore pellet plant with a total production capacity of 7.0 MTPA of iron ore pellets. The nature and scope of the mine allows …

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Making Mega Projects Possible

Pipeline – with Associated Works, for Arcelor Mittal Nippon Steel (fka Essar Steel Ltd.) • 24" Dia x 100 km Ambatovy Nickel Slurry Pipeline for SNC Lavalin at Madagascar • 12" Dia x 3.5 km …

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