Buyer steps forward for assets of bankrupt Magnetation, hopes to reopen Iron Range facilities by John Myers, Duluth News Tribune A Roanoke, Va., multimillionaire who made his fortune in health care and has recently purchased coal mines wants to buy the bankrupt Magnetation LLC operations on Minnesota’s Iron Range and put laid-off employees back to…
Optimism amid uncertain Iron Range future by Michelle Alfini, KBJR A glimmer of hope for miners as the U.S. Steel CEO voiced his optimism about the future of the industry. U.S. Steel CEO Mario Longhi said in an interview on CNBC Wednesday that up to 10,000 jobs could be coming back. However, U.S. Steel later clarified…
US Steel clarifies CEO’s comments on recalling jobs posted by Reuters United States Steel Corp said on Thursday that Chief Executive Mario Longhi was referring to the whole U.S. steel industry, not US Steel, when he spoke on Wednesday about potentially restoring up to 10,000 jobs in the United States. Longhi, responding to a…
Addressing outdated regulations will help keep the U.S. steel industry moving by Philip K Bell, The Hill Rebuilding our nation’s infrastructure is a hot topic in Washington again, and as it should be, it also appears to be a top priority for the incoming administration. Our system for moving goods has been neglected for…
Judge dismisses U.S. Steel’s call for ban on Chinese steel by Joseph S Pete, Northwest Indiana TImes An administrative law judge has dismissed U.S. Steel’s Section 337 case that called for a total ban on Chinese steel imports. U.S. Steel wants all Chinese steel imports banned, claiming China’s steelmakers have fixed prices, ducked tariffs and…
How could a Trump presidency affect mining? by Lisa Kaczke, Duluth News Tribune The election of Donald Trump as the United States’ next president has left some in the Northland wondering what comes next for the balance between environmental and mining interests. Conservationists say that although it’s too early to know the exact policies…
U.S. Steel still ‘faces many challenges’ by Joseph S Pete, Northwest Indiana Times U.S. Steel had its best quarterly performance since 2014, but missed analysts’ estimates of $337 million in Earnings Before Interest, Taxes, Depreciation and Amoritization by $65 million, or 19 percent, as it looks to get back on its feet in a challenging…
Goncalves: Cliffs Determined to Build DRI Plant by the Association for Iron and Steel Saying that his company’s future growth will depend on its ability to supply America’s electric arc furnaces, Cliffs Natural Resources chief executive Lourenco Goncalves promised to build a direct reduction plant somewhere in the Great Lakes region. “This is absolutely…
IMA uses #MnMined to build iron pride by Kelly Grinsteinner, Hibbing Daily Tribune The Iron Mining Association (IMA) is on to Phase 2 of its statewide marketing effort, making sure Minnesotans’ understanding of the importance of mining and the mining industry is iron clad. The goal? It’s simple. “To build state pride in our iron…
Informational meeting held on wild rice sulfate standard by Mesabi Daily News staff The Iron Ore Alliance on Wednesday brought together more than 45 Iron Range leaders interested in Minnesota’s wild rice water quality standard to work toward a resolution based on science. Attendees received an update on research and an overview of the Minnesota…