Mesabi Metallics Gains $150 Million Boost for Minnesota Iron Ore Venture
Published on: April 6, 2026, 12:16 p.m. | Source: Devdiscourse
Mesabi Metallics Company LLC, part of the Essar Group, has secured $150 million financing from Macquarie Group for its iron ore mine and pellet plant in Minnesota, opening in 2026. Alongside previous funding, the project enhances US steel supply independence, supported by more than $2 billion equity investment.
