The company bought 3,200 acres of land from Butlertac Holdings LLC, Mesabi Metallics officials said Tuesday.
âIt brings us one step closer to completing and running a facility that will provide more than 350 well-paying operations jobs plus 800 spinoff jobs,â Larry Sutherland, Mesabi Metallics Co. LLC, president and chief executive officer said in a news release.
Butlertac Holdings is a part of Glacier Park Iron Ore Properties, LLC, according to Dale Kurschner, a Mesabi Metallics spokesman.
Glacier Park Iron Ore Properties in 2017 leased 3,200 acres to Cleveland-Cliffs, Inc.
However, Mesabi Metallics now owns the 3,200 acres, Kurschner said.
That means Cleveland-Cliffs is now leasing from Mesabi Metallics, he said.