Updated: May 13, 2021 09:03 PM
Created: May 13, 2021 10:47 AM
There is a lot of interest in the partially built mine site near Nashwauk. Thursday afternoon, U.S. Steel sent a statement saying they are gathering additional information on the site and exploring options.
Mesabi Metallics is trying to finish the mine, but the DNR has started the process of terminating mineral leases with them after a missed deadline of May 1st for at least one condition in the lease agreement.
Cleveland-Cliffs also has mineral rights in the area, and wants the ore to help extend the life of mine at Hibbing Taconite.
U.S. Steel owns Minntac in Mountain Iron and Keetac in Keewatin. Their statement went on to say, "The close proximity to our Keetac mine would significantly enhance U.S. Steel's ability to quickly develop and produce from the Nashwauk site, increasing the flexibility we could have to serve our electric arc furnace footprint in the United States given the permitting in place for Direct Reduced Iron (DRI) on site."
The company also says it would provide more opportunities for union steelworkers.
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