Nashwauk, MN (United States), April 6 (IANS) Mesabi Metallics Company LLC (Mesabi Metallics), backed by Essar Group, on Monday announced that it has secured $150 million of financing from Macquarie Group, supporting the Q3 2026 startup of its world-scale Direct Reduction (DR) grade iron ore mine and pellet plant in Nashwauk, Minnesota.The latest financing builds on recent capital momentum for the structurally important American iron ore project.The financing follows Mesabi’s recently announced…
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