Mesabi Metallics Secures Key Financing for Minnesota Iron Ore Project
Published on: March 31, 2026, 6:57 p.m. | Source: Devdiscourse
Mesabi Metallics Company LLC, supported by Essar Group, has secured a USD 520 million credit facility to advance its Minnesota iron ore project. The funding supports the development of a USD 2.5 billion DR-grade iron ore mine to bolster US steel supply. Over 750 workers are onsite with operations slated for 2026.
