The Douglas County Board of Supervisors approved Thursday a cooperation agreement with the Redevelopment Authority of the City of Superior on behalf of Reston, Va.-based International Metallics Corp.
 
The agreement is the first step in the transfer of the Parkland Industrial site located in Superior, Wis.,to RACS and allows IMC to move forward with the company’s project plans to construct a direct reduced iron plant on the site. The site was selected by IMC based on proximity to suppliers of iron ore pellets, natural gas supply and the robust logistics infrastructure in the region.
 
At full operation and capacity, IMC’s manufacturing facility would annually produce an estimated 2.5 million tons of hot briquetted iron. As proposed, the US$800 million facility would begin operation in 2017 and would employ approximately 100 people at full capacity. The positions would include highly compensated skilled, administrative and logistics positions. IMC’s manufacturing facility anticipates accessing the raw material supply for HBI, iron ore pellets, from Minnesota’s Iron Range and natural gas from North Dakota. The end product would be shipped by both rail and water to steel mills throughout the Midwest and the broader U.S. market.

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Source: http://www.virginiamn.com/news/business/article_e92044aa-80b5-11e3-9f7e-0019bb2963f4.html