Minn. company makes progress on $350M iron pellet plant
REYNOLDS, Ind. - A Minnesota company says it is making good progress toward opening within a year the $350 million factory in northern Indiana where it plans to produce iron ore pellets.
View ArticleRough weather in December puts mark on 2013 shipping season
DULUTH, Minn. - Weather delays and canceled cargoes limited cargo movement on the Great Lakes to just 7.1 million tons in December, which affected the tonnage total for the year.
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In waste rock, mining companies find opportunity
GRAND RAPIDS, Minn. - The rising price of iron ore and other metals in the last decade has led mining companies to an important discovery: there's money to be made in what was once considered waste.
View ArticleUS takes stand against steel pipe imports
WASHINGTON - The U.S. Commerce Department on Friday set duties on South Korean steel pipe used in the oil and natural gas industry, reversing itself in one of the most contentious trade disputes in...
View ArticleCliffs CEO wants to save Minnesota taconite mines
DULUTH - Cliffs Natural Resources is shedding its Canadian operations, selling U.S. coal mines and looking to get out of iron mining in Australia.
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Steel, iron ore downturn defy booming economy
DULUTH - When Minnesota Lt. Gov. Tina Smith met with some of the hundreds of Iron Range Steelworkers who received layoff notices last week, she said the stress was evident on their faces.
View ArticlePolyMet CEO says copper may help waning mining industry
DULUTH, Minn. -- A person could certainly understand why the mood might be dour at the annual Society for Mining, Metallurgy and Exploration conference in Duluth this week.
View ArticleMinnesota lowers mineral royalty for U.S. Steel
ST. PAUL -- Minnesota's top elected officials voted unanimously Wednesday to cut the fees the state charges U.S. Steel Corp. to mine iron ore on state lands on the Iron Range.
View ArticleMore than half of Iron Range mining operations now affected by downturn
SILVER BAY, Minn. -- Cliffs Natural Resources announced Tuesday that it will close its Northshore Mining operations in Silver Bay and Babbitt due to the continuing oversupply of iron ore in the U.S....
View ArticleMining spinoff jobs spin away in downturn
VIRGINIA, Minn. -- Three years ago, Mitch Robertson showed a reporter around his booming steel fabrication business here, with sparks flying and machines clanking and business as brisk as it had ever...
View ArticleMinnesota cuts royalty rates for mines
DULUTH, Minn. -- The Minnesota Executive Council voted 4-1 Wednesday to cut the mineral royalty rates mining companies pay to take iron ore off land where the state holds the mineral rights.
View ArticleBudget bill has help for iron ore, steel
DULUTH, Minn. -- Buried inside the massive 3,009-page federal budget for 2016, the $1.1 trillion bill passed by Congress on Friday to keep the government afloat through September, are a handful of...
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Obama's chief of staff hears Range woes firsthand
VIRGINIA, Minn. -- White House Chief of Staff Denis McDonough got an earful Tuesday on the economic woes of the Iron Range, and about how the federal government must act fast to rescue the U.S. iron...
View ArticleJudge upholds Magnetation contract with steel buyer
GRAND RAPIDS, Minn. - A federal judge has sided with Grand Rapids-based Magnetation in bankruptcy proceedings, ordering that a contract between the iron ore supplier and AK Steel must be honored.
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Laid-off steelworker attends State of Union
DULUTH, Minn. -- President Barack Obama focused on the positive aspects of the U.S. economy Tuesday night during his State of the Union address -- millions more Americans working, the lowest...
View ArticleObama announces increased enforcement for steel trade rules
DULUTH, Minn. -- President Barack Obama's administration on Thursday announced a series of executive actions aimed at protecting the domestic steel and iron ore industries from unfair foreign...
View ArticleIron ore prices rebound dramatically
DULUTH, Minn. -- Slowly but surely, the price of iron ore traded on the world market has been going up in 2016, seemingly bucking predictions from industry experts and analysts who expected ore prices...
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