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Essar still owes millions to Iron Range contractors
Major media outlets report that despite Essar’s payment of $20 million to local vendors after an ultimatum from Gov. Mark Dayton, the company still owes millions to contractors. Coverage includes offerings from the Star Tribune (Dee DePass story) and Minnesota Public Radio (Dan Kraker story). This matches recent casual conversations I’ve had with laid off construction workers and miners from nearby idled taconite plants. Vendors…
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NY Times paints grim picture for Iron Range mines
A business story in yesterday’s New York Times carries this headline: “If It Owns a Well or a Mine, It’s Probably in Trouble.” And since that describes many of the largest businesses on Northern Minnesota’s Mesabi Iron Range, we can rightly take warning. Companies that produce commodities — oil, iron, copper or the like —…
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Tense Essar negotiations with Dayton, contractors
UPDATE: Today, Gov. Dayton’s spokesperson Matt Swenson issued this statement, which indicates that Essar is issuing new capital into its Nashwauk project: “Governor Mark Dayton spoke Thursday afternoon with IRRRB Commissioner Mark Phillips and Cathy Polasky from the Minnesota Department of Employment and Economic Development (DEED), to discuss the status of Essar Steel Minnesota’s payments…
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Gov. Dayton to Essar: Pay contractors now
Minnesota Gov. Mark Dayton says that if Essar Steel Minnesota doesn’t pay outstanding bills to its contractors by the end of the businesses day on Wednesday, he will call the state’s $66 million loan in full. Essar seeks to build a $2.6 billion taconite plant on the western Mesabi Iron Range, but has been plagued by…
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Is this the 1980s again on the Iron Range?
I grew up in the 1980s on a junkyard just a few miles south of Eveleth Taconite. Growing up on a junkyard is probably the best way to understand the things humans build, sell, use and discard. So let’s consider a new car. I’ve only ever bought one brand new car fresh off the lot. It…
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State to fund Itasca County rural broadband proposal
Company officials just announced that Paul Bunyan Communication received a nearly $2 million grant from Minnesota’s Border to Broadband program to bring high speed internet to underserved regions. Their proposal would connect 1,250 households in rural Itasca County to better, more affordable internet options than currently available. My friend Tom Anzelc, fellow Balsam Township resident…
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Essar Steel Algoma files for protection from creditors
Essar Steel Algoma — sister company to Essar Steel Minnesota in Nashwauk — announced it would file for bankruptcy creditor protection in Canada and the United States today. The steel mill is located in Sault Ste. Marie, Ontario, and is part of Essar’s plans to use pellets made at the taconite plant under construction now on the…
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Range War: Essar, Cliffs clash shows Mesabi at crossroads
~ ~ ~ Speculation can be ignored, but one must reckon with concrete. Here along Northern Minnesota’s Mesabi Iron Range one finds many messy versions of the truth surrounding Essar Minnesota’s new taconite mine under construction near Nashwauk. While controversial, actual activity at Essar shows that new mining will happen on the grounds of the…
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Cliffs CEO threatens to close mine
UPDATE: Cliffs Natural Resources spent most of Monday trying to walk back Goncalves’s comments about closing an Iron Range mine. ### Lourenco Goncalves, CEO of Cliffs Natural Resources, is threatening to close one of Cliffs’ Iron Range mines in the event Essar Steel opens its new mine near Nashwauk. This is Bill Hanna’s front page story of today’s…
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Gov. Dayton, officials meet with Essar to negotiate repayment
On Monday, Gov. Mark Dayton and Iron Range lawmakers, along with officials from the state Department of Employment and Economic Development, met with representatives of Essar Minnesota. Essar is building a new taconite mine on the western Mesabi Iron Range, but scuttled initial plans to build a value-added steel mill on the site, all while…
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Thinkers, tinkers and 3-D printers
Growing up, my dad was a leather whip of a man who chain-smoked Winston cigarettes and spent nearly all his free time tinkering with an invention in his garage. When they first taught us how to use this new thing called “the internet” at my high school, my inaugural search was about patent law, seeking…
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Steel-making shortfall spurs Essar scrutiny
It was supposed to be an innovative integrated steel mill. That remains the fundamental shortfall of the Essar Steel Minnesota project near Nashwauk on the western Mesabi Iron Range. Work continues, to be sure, but Essar Minnesota will initially open as a straight-forward taconite plant. Perhaps next summer. Perhaps later, depending on who you talk to. That’s the trouble.…
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Essar seeks 3-year deal to avoid paying back $67 million
It was no secret that Essar Steel would be requesting more time to meet the provisions of a state grant that provided critical early infrastructure to its huge new mine near Nashwauk, Minnesota. The company has until Oct. 1 — about two weeks from now — to produce value-added iron products as it originally proposed.…
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Financial Times explores Essar project
The new Essar mine project near Nashwauk has attracted the attention of the Financial Times of London. This summer, Financial Times reporter Aaron Stanley visited the Essar construction site and interviewed both local and international sources on the conditions facing this long-awaited new iron mine on the Mesabi Iron Range. You can read the Aaron…
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Cliffs has bluster, but does it have luster?
Mining, despite its booms and busts, is still vitally important to the economy of Northern Minnesota, but its mechanics are typically so boring as to drive men to drink and/or high-rent metropolitan neighborhoods. For those who follow the doings of the Iron Range mining industry, the conference calls of Cliffs CEO Lourenco Goncalves have become…