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MINNESOTA MINE
As Trump throws lifeline to coal plants, critics warn of higher costs and health risksUnder the Trump administration, coal power is making a comeback, as plans to phase out coal plants are being scrapped. This change is desig...- Mesabi Metallics secures $150 million from Macquarie for Minnesota iron ore projectMesabi Metallics, a proud member of the Essar Group, has successfully garnered USD 150 million in funding from Macquarie Group. This invest...
- US EXIM announces USD 10 billion support to Essar's Mesabi MetallicsThe US Export-Import Bank (EXIM) made the announcement during the Indo-Pacific Energy Security Ministerial and Business Forum in Tokyo last...
- Private equity sees profits in power utilities as electric bills rise and Big Tech seeks more energyPrivate investment firms are pouring billions into US utilities as AI-driven data centers spike power demand. BlackRock, Blackstone, and ot...
- A nickel mine Elon Musk and Joe Biden may both needIn 2020, Tesla's Elon Musk begged miners to “please mine more nickel” and offered a “giant contract” to anyone who could do it sustainably....
- Essar Capital names Anil Kumar Chaudhary as Chief Executive Officer for metal and mining verticalEssar Capital’s metals and mining business is at an advanced stage of developing and executing projects in India and the US. It is foraying...
- From Essar to Tata, Gupta father & son duo turns messiah for troubled Indian assetsThe struggling steel businesses of the Tatas and the Ruias, as also many other businesses, have found a common benefactor in this family.
- US steel project delay lands Essar in bad books of feared Wall St creditor DK Partners; recalls $370 million loanDK Partners is one of Essar Steel Minnesota LLC’s leading creditors for the $1.8-billion iron-ore pellet project in Naushwauk, northern Min...
- Essar group raises $450 million to expand Minnesota mine projectEssar Steel Minnesota had raised $450 million from banks, but returned the funds after securing a better deal from funds based in New York.
- Essar Steel's US arm achieves financial closure for $1.8 billion projectProject is estimated to generate $ 180 mn per year in new tax revenues for the Minnesota at full capacity production besides creating emplo...
- Essar's ore reserves in Minnesota estimated at 1.77 bn tonnesEssar Group today said it has emerged as a leading iron ore reserves owner in North America.
- Essar Group to ramp up capacity at US pellet plant to 7 million tonnesThe new pellet plant will secure Algoma's raw material needs. Expanded capacity will leave a surplus which can be sold in the market.
- Coal India in talks to buy US minesCoal India, the world’s largest coal producer, is in talks to acquire mines from two US companies, Peabody Energy and Massey Energy, its ch...
- Essar Steel joins race to bid for Severstal’s US unitEssar Steel has joined the race to bid for a US unit of Severstal, Russia’s largest metal producer.
- Essar Steel to start production from Minnesota plant by 2011Ruias-led Essar Steel plans to start the first phase of production from its proposed USD 1.1 billion steel plant at Minnesota in the US by ...
- Essar resolves Minnesota impasse, says no refinery in IranEssar Group has resolved the uncertainty on its steel project in Minnesota by pledging not to make any investment in Iran without the Unite...
- Tatas, Ruias set sights on StelcoTata Steel, India’s largest private sector steel maker, and Essar Global, the holding company of the Essar group, have shown preliminary in...
- Essar to buy Minnesota SteelEssar's unit Essar Steel Holdings Ltd. on Sunday said it would buy Canadian Algoma Steel Inc. for $1.63 billion.
- Essar Global buys Minnesota SteelEssar Global, the holding company of the Ruia empire, late on Wednesday night announced the acquisition of the US-based Minnesota Steel for...
- Essar to acquire US steel firm for Rs 350-375 crRuias-owned Essar Global today signed an agreement to acquire iron ore-rich Minnesota Steel LLC in the US.
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