Nashwauk News


10/19/2018 03:45 PM  ~~~Source~~~
Cleveland-Cliffs' 3Q earnings seven times higher than last year 

Cleveland-Cliffs, a major player on Minnesota's Iron Range, posted third-quarter earnings more than seven times higher than last year, signaling that its multiyear recovery is on sure footing. Ohio-based Cliffs - which operates Hibbing Taconite, United Taconite and Northshore Mining in Minnesota - said Friday its third quarter revenue was up 24.3 percent to $742 million.


10/12/2018 11:10 AM  ~~~Source~~~
VFW Auxiliary gathers for meeting 

The regular meeting of the Auxiliary to Veterans of Foreign Wars Post 2948 was called to order at 7 p.m. Oct. 8 by junior vice Linda Chezick, with five members present and one guest, Julie Stoehr, from the 8th District. The opening ritual was held, roll call of officers was conducted with John Sirotiak, Guard, pro-tem and Irene Anderson, Conductress, pro-tem.


09/20/2018 08:49 AM  ~~~Source~~~
Mesabi Metallics Petitions Court for Right to Mine 

Mesabi Metallics said it has taken legal action to protect its right to mine and continue to develop a site in Nashwauk. The company said that on Friday, it filed a counterclaim in federal court, to Cleveland-Cliffs' assertion that it has rights to the site.


09/15/2018 06:01 AM  ~~~Source~~~
Cleveland-Cliffs CEO: Not Partnering with Mesabi, Ever 

Lourenco Goncalves is focused on the Cleveland-Cliffs property in Nashwauk. But the CEO doesn't want anything to do with the half-built Mesabi Metallics project.


09/13/2018 12:58 AM  ~~~Source~~~
New majority investor announced for Essar project on Iron Range 

A day after meeting with Minnesota's governor, the company that controls the controversial Essar Steel Minnesota project on the Iron Range announced that it would have a new majority investor by the end of the year. The move is raising eyebrows because the investor, Swiss firm Mercuria Energy, has ties to Essar Global, the parent company of Essar Steel, which left the $2 billion taconite project in Nashwauk, Minn., half built and contractors unpaid when it declared bankruptcy in 2016.