Mesabi Metallics Iron Ore Mine and Pellet Plant Project
Sector: Metal • Location: Nashwauk, Minnesota, United States
Source: BW Businessworld
Mesabi Metallics is developing a large-scale iron ore mine and pellet plant in Nashwauk, Minnesota. The project spans over 16,000 acres and represents a total investment of approximately $2.5 billion. It aims to supply Direct Reduction (DR) grade iron ore, essential for cleaner steel production methods, and is planned to start operations in the third quarter of 2026. Construction is well underway
- Status
- Under Construction
- Sector
- Metal, Steel, Manufacturing (Industrial)
- Location
- Nashwauk, Minnesota, United States of America
- Updated
- 22 Jul 2026
- Source
- BW Businessworld
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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 developing a large-scale iron ore mine and pellet plant in Nashwauk, Minnesota. The project spans over 16,000 acres and represents a total investment of approximately $2.5 billion. It aims to supply Direct Reduction (DR) grade iron ore, essential for cleaner steel production methods, and is planned to start operations in the third quarter of 2026. Construction is well underway with over 800 workers on site, making it one of the largest private industrial investments in Minnesota's history. |
Original sector | Mining and Metals |
Budget |
Location
Country | United States of America (USA) |
State | Minnesota |
City | Nashwauk |
Source
Source | BW Businessworld |
URL |
More Details
Record type | Project |
Sector | Metal, Steel, Manufacturing (Industrial) |
Article published date | 2026-04-11 |
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