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flag Essar-backed Mesabi Metallics secures $150M for Minnesota iron mine.

flag Mesabi Metallics, backed by the Essar Group, secured $150 million from Macquarie Group to fund a direct reduction iron ore mine and pellet plant in Minnesota. flag The project, aiming to supply steelmakers, is part of a $2.5 billion initiative and is slated to begin operations in Q3 2026.

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