Mesabi Metallics Minnesota Iron Ore Project
Sector: Metal • Location: Nashwauk, Minnesota, United States
Source: Rediff MoneyWiz
Mesabi Metallics Company LLC, backed by Essar Group, is developing a $2.5 billion direct reduction (DR)-grade iron ore mine and pellet plant on over 16,000 acres in northern Minnesota. The project aims to strengthen the US steel supply chain by producing premium DR-grade iron ore pellets, reducing reliance on imported raw materials, and supporting domestic steel production across various sectors i
- Status
- Under Construction
- Sector
- Metal, Steel, Aerospace & Defense, Warehouse, Automotive, Commercial
- Location
- Nashwauk, Minnesota, United States of America
- Updated
- 22 Jul 2026
- Source
- Rediff MoneyWiz
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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 Company LLC, backed by Essar Group, is developing a $2.5 billion direct reduction (DR)-grade iron ore mine and pellet plant on over 16,000 acres in northern Minnesota. The project aims to strengthen the US steel supply chain by producing premium DR-grade iron ore pellets, reducing reliance on imported raw materials, and supporting domestic steel production across various sectors including automotive, infrastructure, and defense. Construction is ongoing with over 750 workers onsite, targeting commercial operations later in 2026. |
Original sector | Mining |
Budget |
Location
Country | United States of America (USA) |
State | Minnesota |
City | Nashwauk |
Source
Source | Rediff MoneyWiz |
URL |
More Details
Record type | Project |
Sector | Metal, Steel, Aerospace & Defense, Warehouse, Automotive, Commercial |
Article published date | 2026-04-03 |
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