Bankruptcy Judge Approves Reorganization Plan for Essar Minnesota Project
06/14/2017 - A U.S. Bankruptcy Court judge has given approval to a plan that, if successful, will allow the stalled Essar Steel Minnesota taconite mine and pellet plant to proceed to completion, reports the Duluth News Tribune.
According to the newspaper, the plans allows Chippewa Capital Partners to take control of the project, partially payback more than US$1 billion in claims and resume construction, with an eye to beginning production by early 2020.
The newspaper has the full story here.
The newspaper has the full story here.
