Two Look to Acquire Bankrupt Essar Steel Minnesota
04/11/2017 - Iron ore miner and an investor group are making competing bids for the former Essar Steel Minnesota, the half-built taconite mine and processing plant in Minnesota’s Iron Range, reports the Minneapolis Star Tribune newspaper.
According to the newspaper, Cliff’s is offering US$75 million for the project’s assets. At the same time, the investor group, Chippewa, has submitted a US$250 million offer to take over and finish the project.
The Star Tribune has the full story here.
