Keetac to reopen, begin production in March by Jerry Burnes, Mesabi Daily News, and Tony Potter, Hibbing Daily Tribune Keewatin Taconite will end a near 20-month closure within the next few weeks, resulting in hundreds of employees returning to work. Read more.
IRRRB approves taconite tax rebates to mining companies by John Myers, Duluth News Tribune Minnesota’s largest mining companies got some gifts a few days late this holiday season, but it was well worth the wait. Read more.
US steel industry expected to return to growth by Michael Pooler, Financial Times The US steel industry is expected to return to growth next year, with production predicted to rise on lower imports and buoyant demand from the construction and energy sectors. Read more.
10,000+ join mining group by Tom Coombe, Timberjay A grassroots, Ely-based organization formed to support mining in northeastern Minnesota has attracted over 10,000 members in less than a week. Read more.
New members on Iron Mining Association board The Iron Mining Association of Minnesota (IMA) – which strives to promote an iron ore industry that will provide long-term growth and prosperity for all stakeholders through profitability in a competitive, global market – announced the results of its annual board elections this month at its annual meeting…
No more Essar Steel; it’s now Mesabi Metallics by John Myers, Duluth News Tribune A federal bankruptcy judge in Delaware has approved a new name for the company formerly known as Essar Steel Minnesota. Mesabi Metallics was officially approved earlier this week as the new name of the still-bankrupt entity that controls a half-built but…
Iron Mining Association urges immediate action Though the Minnesota Public Utilities Commission decided today to limit the rate increase in interim rates for electric power customers of Minnesota Power, the Iron Mining Association of Minnesota (IMA) is disappointed that Minnesota’s iron mining industry will incur this increase while the mines are not yet able to…
U.S. Steel: Ladies & Gentlemen, Start Your Idled Plant by Ben Levisohn, Barron’s Last night, U.S. Steel (X) said it would re-start production at its shuttered Granite City plant. Macquarie’s Aldo Mazzaferro considers the implications: Despite the lack of volume impact, we think this is a smart move strategically since it allows US Steel to perform the needed maintenance and upgrading…
Steel shipments down 1.2 percent this year by Joseph S. Pete, Northwest Indiana Times Steel shipments rose 0.9 percent in October from September, but were down 7.3 percent as compared to the same month last year. U.S. steel mills shipped 6.83 million tons in October, up from 6.76 million tons the previous month but…
UMD researchers study taconite pothole patching by Brooks Johnson, Duluth News Tribune The bane of so many Northland drivers might be better solved with a famous Northland export: taconite. A study by the University of Minnesota Duluth Natural Resources Research Institute this year looked at new ways of using taconite byproducts to patch pavement and…