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BRIEF-United States Steel Corp - At Company s Request, Its $2 Billion Asset-Based Revolving Credit Facility Has Been Amended

BRIEF-United States Steel Corp - At Company s Request, Its $2 Billion Asset-Based Revolving Credit Facility Has Been Amended
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Mesabi Metallics acquires additional mining lands

The company bought 3,200 acres of land from Butlertac Holdings LLC, Mesabi Metallics officials said Tuesday. “It 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,” 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.

These Are the Finalists for the 2021 Allocators Choice Awards

These Are the Finalists for the 2021 Allocators Choice Awards
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Dug in for the long haul

MOUNTAIN IRON – Jay Sanders likes his new digs. Sanders, a fourth-generation miner from Hibbing, deftly dug into the side of a huge overburden wall at United States Steel Corp. s Minntac Mine at the controls of one the taconite plant s newly-refurbished electric shovels. “I think it s positive,” Sanders, a United Steelworkers member said as the P&H shovel s huge 41-yard bucket scooped up another load of overburden. “Anytime the company invests in the place you are working is good.” U.S. Steel on Wednesday took the wraps off the sixth giant electric shovel to be rebuilt in the last few years at its mine and iron ore pellet processing plant in Mountain Iron.

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