About Mesabi Metallics

Mesabi Metallics is an advanced construction-stage iron ore mine and pelletization project located on over 16,000 acres of land in Nashwauk, Minnesota. The project currently has an estimated 15 year mine life and the capacity to annually produce a total of 7-million metric tons of Direct Reduction (DR) grade iron ore pellets. The current construction project includes a 7-million metric ton per year taconite mining and DR grade pelletization plant. Mesabi Metallics plans to expand by building a 1.8-million metric ton per year Direct Reduction Iron Plant, and a 1.5-million metric ton per year Green Steel project. 
 
Once operational, the Green Steel initiative, situated at the former Butler mine site, will mark one of the first fully integrated Green Steel projects globally. Furthering the net-zero vision of the U.S., the project marks a substantial stride towards achieving sustainability goals by advancing the decarbonization of domestic steel production. The pelletizing facility is being constructed and is expected to commence operations in 2026. The project represents a record-breaking investment in Minnesota. Mesabi Metallics has already invested more than $1.5B and completed over 3 million man hours of construction.

Sustainable Mining Practices

Mesabi Metallics will adopt responsible mining practices through the use of advanced technologies to minimize environmental impact.

Land reclamation efforts aim to ensure harmony with the surrounding ecosystem. Recognizing its connection to the community, the company is implementing robust ESG practices and participates in educational initiatives, development programs, and environmental stewardship efforts.

LEADERSHIP

Joe Broking, President & CEO

Joe has more than 27 years of combined experience in industry in the areas of executive management, operations management, human resources management, corporate finance, treasury, capital fundraising, investor relations, compliance and risk management. 

As Director, President and Chief Executive Officer of Tacora Resources Inc., Joe led the transformation of the Scully Mine. Joe’s prior experience includes work with several large multi-national corporations, international assignments, manufacturing management as well as economic development. 

Larry Sutherland, President & COO

Larry has 49 years of experience in the Minerals & Metals industrial sectors.He began his career as a union millwright with National Steel Pellet Company in 1975. Over the years, he worked his way up to management roles including Plant Manager, General Manager, Vice President and President, and CEO positions.

With U.S. Steel Larry held the role of Plant Manager at Keetac and General Manager overseeing the entire Minnesota Ore Operations pelletizing facilities of Minntac and Keetac. After retiring from U.S. Steel, Larry served as Prairie River Minerals CEO before joining Mesabi Metallics Company.

Peter Miller, Chief Green Officer

Peter has 30 years of experience in project management, project development, and permitting. He has managed multiple large projects throughout the U.S. with a focus on development, engineering, and environmental compliance.    

Prior to Mesabi, he was a business owner, C-Suite Executive, and most recently managed the business development a $100M+ portfolio of clients for a Top 5 environmental engineering services firm as the Regional Sales and Growth leader. 

Ben DeNucci, Head of PR & Govt. Affairs

Ben is a fifth generation Iron Range resident, former and youngest Mayor of his hometown of Nashwauk. He served as an Itasca County Commissioner for five years and was elected Board Chairman. Ben has fought to create new jobs in the mining and construction industries at both the City and County government level. 

Ben was a member of a project team that resoundingly passed a referendum to replace the oldest school buildings in the State of Minnesota – schools located in Nashwauk and Keewatin. He worked with local leaders to organize support for the project. His relationships with local legislators led to critical project funding.

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