BY THE NUMBERS
Mesabi’s endeavor is one of the largest private sector investments in Minnesota, with over $1.8B already invested in the project.
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Currently, about 400 union construction workers are on site every day.
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Mesabi will invest an additional $500M in the project before completion.
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Mesabi Metallics has donated to 24 local communities and projects in the last two years.
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Mesabi’s mine and pellet plant, located on the old Butler mine site, will be the first new mine and pellet plant in Minnesota in almost 50 years.
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Once operational, Mesabi Metallics will provide over 350 family-sustaining jobs on the Iron Range.
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Mesabi’s pellet plant will have operational capacity to produce 7-million metric tons of DR grade iron ore pellets per year.
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Once operational, the project will create approximately $30 million in annual revenues to the state and school districts in the form of taxes, including production taxes.​​​​​​​​
Minnesota's legendary Iron Range, steeped in mining history, is poised for a groundbreaking transformation on the site of what was once the longstanding Butler Taconite Mine. Mesabi Metallics is an advanced construction-stage iron ore mine and pelletization project located on over 16,000 acres of land. The project has the capacity to annually produce a total of 7-million metric tons of Direct Reduction (DR) grade iron ore pellets over several decades of mine life.
The pelletizing facility is being constructed and is expected to commence operations in 2026. The project represents a record-breaking investment in Minnesota. Mesabi Metallics has already invested more than $1.8 billion in the project and will invest an additional $500 million in the project before completion.
Following the completion of construction on its pellet plant, Mesabi Metallics intends to explore investment into a Green Steel operation. The development of Green Steel represents a significant step toward the United States’ net-zero vision, advancing the decarbonization of domestic steel production.
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