Essar Steel Minnesota
Essar Steel Minnesota is a 6-million-ton-per-year integrated pellet plant on the Mesabi iron range in north-east Minnesota. It includes a concentration plant and direct reduced iron plant.
Latest News
FLSmidth to Supply Complete Air Pollution Control System for Essar Steel Minnesota
21 July 2015 - FLSmidth has received a contract worth approximately USD 40m (DKK266m) from Essar Steel Minnesota LLC for mechanical installation of a complete Air Pollution Control system for the Group's greenfield iron ore pelletizing plant.
Essar Steel Minnesota Closes Financing for 7 MTPA Pellet Project
09 October 2014 - Essar Steel Minnesota LLC (ESML) has succeeded in reaching a major financial milestone by closing the financing to complete construction of its fully permitted open-pit iron ore mine, crushing, concentrating and pelletizing facilities, which will have an annual pellet production capacity of 7 million tons.
Essar Steel Minnesota LLC Announces Amendment to Consent Solicitation Relating to Senior Secured Notes due 2020
25 June 2014 - Essar Steel Minnesota LLC ("ESML") announced today that it is amending the terms of its previously announced solicitation of consents (the "Solicitation") from holders of its $450,000,000 aggregate principal amount outstanding of 11.500% Senior Secured Notes due 2020 (the "Notes") upon the terms and subject to the conditions set forth in Supplement No. 1 to the Notice of Consent Solicitation dated June 24, 2014 (the "Supplement").
Essar Steel Minnesota Denies Reports That It Will Be Sold
02 June 2014 - Essar Steel Minnesota LLC (ESML) categorically denies that Essar Global Fund Limited (EGFL), ESML’s ultimate shareholder, is considering selling the business, contrary to recent media reports.
Essar Steel Minnesota Raises Financing for Iron Ore Pellet Facility
28 May 2014 - Essar Steel Minnesota LLC (ESML) has successfully closed a US$450 million, 6-year secured notes offering which will be used to fund its integrated iron ore pellet facility.
Minnesota Power Completes New Transmission Line to Energize Essar Steel Minnesota Facility
04 April 2013 - Minnesota Power has completed the installation of several related electric infrastructure projects including substations and new transmission lines near Nashwauk, Minn., that will energize Essar Steel Minnesota’s new taconite mine and processing facility.
Essar Steel Minnesota Signs Landmark Iron Ore Pellet Off-Take Agreement with ArcelorMittal USA
11 February 2013 - Essar Steel Minnesota LLC announced it has entered into a long term iron ore pellet off-take agreement with ArcelorMittal USA.
Construction Still On-Going at Essar Steel Minnesota
25 September 2012 - Despite rumors to the contrary, construction is still continuing at the Essar Steel Minnesota site near Nashwauk, according to a report from the Grand Rapids Herald-Review.
Work Slows at Essar Steel Minnesota
12 September 2012 - Essar Steel officials have decided to temporarily slow construction of the company’s taconite pellet facility in Nashwauk, the Hibbing Daily Tribune reports.
Essar Steel Minnesota Announces Project Accomplishments
23 August 2012 - Essar Steel Minnesota announced major achievements for its iron ore mining and taconite pellet plant: during a tour of the site with IRRRB members, company spokespeople announced that they’ve secured over a billion dollars in project financing, the amount needed for their initial production of 4.1 million tons per year of taconite pellets.
