Mesabi Metallics Direct Reduction Iron Ore Mine and Pellet Plant
Under construction · Minnesota · Last reported Mar 2026
Source: IANS LIVE
Mesabi Metallics is completing a 2.5 billion dollar world-scale merchant Direct Reduction (DR) grade iron ore mine and pellet plant located on more than 16,000 acres in northern Minnesota. The project aims to onshore a strategically important segment of the United States steel supply chain and is supported by a 520 million dollar senior secured credit facility from Breakwall Capital and partners.
- Status
- Under Construction
- Sector
- Metal, Steel, Warehouse
- Location
- Nashwauk, Minnesota, United States of America
- Updated
- 22 Jul 2026
- Source
- IANS LIVE
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Project Information
Participants
| Not available for this record. |
Status
Original status | under construction |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Mesabi Metallics is completing a 2.5 billion dollar world-scale merchant Direct Reduction (DR) grade iron ore mine and pellet plant located on more than 16,000 acres in northern Minnesota. The project aims to onshore a strategically important segment of the United States steel supply chain and is supported by a 520 million dollar senior secured credit facility from Breakwall Capital and partners. |
Original sector | Mining and Minerals |
Budget |
Location
Country | United States of America (USA) |
State | Minnesota |
City | Nashwauk |
Source
Source | IANS LIVE |
URL |
More Details
Record type | Project |
Sector | Metal, Steel, Warehouse |
Article published date | 2026-04-03 |
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