27 Apr 2017 -
A Virginia billionaire and partners who include the United Kingdom’s Liberty House Group submitted the winning bid for the former Essar Steel Minnesota on Wednesday, offering to buy the half-finished taconite mine and pellet plant for US$550 million, reports the Minneapolis Star Tribune.
20 Apr 2017 -
A Canadian steelmaker said it now has handshake agreements with salaried employees and retirees on a proposed acquisition plan.
11 Apr 2017 -
Iron ore miner and an investor group are making competing bids for the former Essar Steel Minnesota, the half-built taconite mine and processing plant in Minnesota’s Iron Range, reports the Minneapolis Star Tribune newspaper.
31 Mar 2017 -
A Canadian judge has extended Essar Steel Algoma’s protection from creditors for another month at the integrated steelmaker attempts to hammer out a new labor agreement with the United Steelworkers.
14 Mar 2017 -
Stelco Inc. has submitted a reorganization plan that, if successful, would keep the business intact and preserve more than 2,100 jobs, it has announced.
02 Mar 2017 -
A court-appointed mediator has scheduled mediation sessions among the United Steelworkers union, Essar Steel Algoma and the lenders looking to acquire the Canadian steelmaker.