Updated: May 16, 2021 10:34 PM
Created: May 16, 2021 07:27 PM
Mesabi Metallics made a big announcement on Sunday evening about the project in Nashwauk. The company has hired Larry Sutherland as the President and Chief Operating Officer.
Sutherland retired from U.S. Steel in 2020 after managing the Minnesota Ore Operations for the company, which include Keetac and Minntac.
In statement, he said, "I am excited to join Mesabi Metallics' journey to complete the largest investment program in the history of Minnesota at the former Butler Taconite Mine, where I started my iron ore and steel career about 40 years ago." The company said Sutherland worked as a millwright until 1985 at Butler.
Mesabi also said they are pleased to report new and significant project activities are beginning in May.
The company said they believe they've met all material conditions necessary for the 2020 mineral lease agreement with the DNR to be fully effective.
On May 5th, the DNR announced they were starting the process of terminating the leases with Mesabi, based on a missed condition of the amendment approved back in December.
Now, Mesabi said it has formally notified the DNR that it disputes the existence of a proper legal basis for issuing any termination notices in respect of the State Leases.
U.S. Steel said last week they are interested in the state mineral leases in Nashwauk.
Cleveland-Cliffs is also interested.
Essar broke ground on the project in 2008, but then filed for bankruptcy. The project has been dealing with starts and stops ever since. It's only partially built.
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