Master Lease Amendment News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In a lawsuit filed Friday, the company claims the DNR violated the terms by terminating the leases after the company missed deadlines and requirements.

State agency says additional requirements not met, continues lease termination. 6:18 pm, May 20, 2021 × A crane sits next to the partly constructed Mesabi Metallics pelletizing building. (2018 file / News Tribune) Minnesota regulators reiterated their plans to strip leases from Mesabi Metallics, the proposed iron ore mine and half-built processing plant in Nashwauk, calling the company's lender not credible and discrediting its excuse for not putting up enough cash on time. In a letter to the company Wednesday, DNR Assistant Commissioner Jess Richards said the company's claim that ...

Minnesota Department of Natural Resources officials told Mesabi Metallics on Wednesday that it failed to meet more conditions of an amended mineral lease agreement, striking the agency’s most forceful tone to date on the company’s erratic track record in Nashwauk. The letter, obtained by the Mesabi Tribune, came on the same day Mesabi Metallics introduced its new public figurehead for the project, Larry Sutherland, who alongside parent company Essar Global said they would ask for a stay on the lease termination process and claimed another $100 million in cash would be available with...

State agency says additional requirements not met, continues lease termination. 1:22 pm, May 21, 2021 × A crane sits next to the partly constructed Mesabi Metallics pelletizing building. (2018 file / News Tribune) DULUTH -- Minnesota regulators reiterated their plans to strip leases from Mesabi Metallics, the proposed iron ore mine and half-built processing plant in Nashwauk, calling the company's lender not credible and discrediting its excuse for not putting up enough cash on time. In a letter to the company Wednesday, May 19, DNR Assistant Commissioner Jess Richards said the com...

Minnesota Department of Natural Resources officials told Mesabi Metallics on Wednesday that it failed to meet more conditions of an amended mineral lease agreement, striking the agency’s most forceful tone to date on the company’s erratic track record in Nashwauk. The letter, obtained by the Mesabi Tribune, came on the same day Mesabi Metallics introduced its new public figurehead for the project, Larry Sutherland, who alongside parent company Essar Global said they would ask for a stay on the lease termination process and claimed another $100 million in cash would be available with...