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Essar-backed Mesabi Metallics secures $150M for Minnesota iron mine.
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.
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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Mesabi Metallics respaldado por Essar asegura 150 millones de dólares para una mina de hierro en Minnesota.