Court also denies Mesabi’s injunction request out of respect for state sovereignty. NASHWAUK, Minn. (May 23, 2023) ) Mesabi Metallics Company LLC (Mesabi) provides the following comments about today’s decision by the U.S. Bankruptcy Court for the State of Delaware. Mesabi is developing a 7-million-ton per annum iron ore mining and pelletization plant in […]
Pays $7.25 Million to Itasca County and DEED, Bringing Total Investments Since 2017 to $339 Million NASHWAUK, Minn. (Jan 4, 2022) — Mesabi Metallics Company LLC (Mesabi Metallics) this morning announced it provided a payment late last week of $7.25 million to Itasca County and the Minnesota Department of Employment & Economic Development (DEED), in conjunction with […]
NASHWAUK, Minn. (November 29, 2022) —Mesabi Metallics Company LLC (Mesabi Metallics) today responded to comments made by Cleveland-Cliffs CEO Lourenco Goncalves and published by the Minneapolis Star Tribune Nov. 17, 2022, in which he stated Hibbing Taconite will close if it does not acquire the state mineral leases assigned to Mesabi Metallics at its Nashwauk […]
NASHWAUK, Minn. – Nubai Global Investment Ltd. has appointed Gary Heasley interim CEO of Mesabi Metallics Company LLC in Nashwauk. Nubai is the primary investor in Mesabi, which was being developed by Essar Steel Minnesota until its bankruptcy. In addition, Nubai has appointed Jamie Nelson, who has assumed the role of director of Chippewa Capital Partners, […]
Mesabi Metallics hopes to rise from wreckage of Essar Steel Minnesota