The company had missed several last-chance requirements earlier this month. 2:00 pm, May 28, 2021 ×
A crane sits next to the partly constructed Mesabi Metallics pelletizing building. (2018 file / News Tribune)
DULUTH The Minnesota Department of Natural Resources has terminated the leases for Mesabi Metallics, the beleaguered iron ore mine and half-built processing plant near Nashwauk, Minn.
The state agency announced the lease termination in a news release Thursday, May 27, and said it will follow up with the company on any equipment that needs to be removed from the site.
The future of the mine and plant site are not yet known. Minnesota s two other iron ore mining companies U.S. Steel and Cleveland-Cliffs have both expressed interest in the site. The DNR has not made any decisions on future leasing of the state minerals area, according to the news release.
Minnesota DNR terminates Mesabi Metallics leases postbulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from postbulletin.com Daily Mail and Mail on Sunday newspapers.
The company had missed several last-chance requirements earlier this month. 12:13 pm, May 27, 2021 ×
A crane sits next to the partly constructed Mesabi Metallics pelletizing building. (2018 file / News Tribune)
The Minnesota Department of Natural Resources has terminated the leases for Mesabi Metallics, the beleaguered iron ore mine and half-built processing plant near Nashwauk.
The state agency announced the lease termination in a news release Thursday and said it will follow up with the company on any equipment that needs to be removed from the site.
The future of the mine and plant site are not yet known. Though Minnesota s two other iron ore mining companies U.S. Steel and Cleveland-Cliffs have both expressed interest in the site.
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Cayman Islands Court OKs Disclosure In $1.5B Award Fight
Law360 (May 11, 2021, 7:13 PM EDT) A Cayman Islands appeals court has affirmed an order directing the principal holding company for Indian conglomerate Essar Group to disclose information and documents relating to the assets of an Essar unit that owes U.S. steel company ArcelorMittal more than $1.5 billion under a 2017 arbitral award.
A three-judge panel for the Court of Appeal of the Cayman Islands on May 3 rejected arguments put forward by Essar Global Fund Ltd. and its subsidiary, Essar Capital Ltd., that the order was improper.
ArcelorMittal filed its petition in early 2019, claiming that assets were being stripped from Essar Steel Ltd. in an.
Essar Oil and Gas signs MoU with Indian School of Mines - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.