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  • Sale of Magnetation to new owner ERP Iron Ore closes ...

    The rest would be paid back over time, Clarke has said, from a royalty on every ton of iron ore pellets produced. Magnetation LLC was founded in 2006 and was a joint venture between Grand Rapids-based Magnetation Inc. and AK Iron Resources LLC, an affiliate of steelmaker AK Steel. It sold its finished pellets to AK's steel mills in Ohio.

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  • Magnetation sold at bankruptcy auction | The Daily ...

    The fate of the assets of some of the former Magnetation operations were decided in Minnesota Bankruptcy Court on Monday. Magnetation was a company in rapid growth mode from 2008 to 2015, when plummeting iron ore prices forced the mining firm into bankruptcy. Its assets were acquired by ERP Iron Ore, led by Tom Clarke, in 2017.

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  • Magnetation to Build New Iron Ore Pellet Plant in Indiana

    Magnetation LLC recently announced that it has selected Reynolds, Ind., as the site to build its new iron ore pellet plant. The new facility will produce high-quality iron ore pellets, a critical raw material in the steel-making process.

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  • Magnetation Unveils Plans For Reynolds, IN Facility

    Magnetation Unveils Plans For Reynolds, IN Facility. Magnetation, LLC, which recycles iron waste to produce valuable iron ore concentrate, announced plans to invest up to $350 million to build a new iron ore pellet plant in Reynolds, IN, creating approximately 100 new jobs by 2015.

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  • Former legislator Tom Anzelc part of team buying ...

    A team that includes former state legislator Tom Anzelc has received approval from a U.S. Bankruptcy Court to buy two former Magnetation iron ore facilities on the Iron Range for $1.95 million. The ruling last week gave the group, called Prairie River Minerals (PRM), permission to buy former Plant

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  • MAGNETATION: 'Business as usual for our operations' | Mine ...

    For Magnetation, production of iron ore concentrate continues for the innovative company which, despite filing for bankruptcy last month, is still producing both concentrate and pellets. Matt Lehtinen, president and chief operating officer of Magnetation, said, "It's business as usual for our

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  • Magnetation - Minnesota Power an ALLETE Company

    Magnetation was built on extracting maximum value from available resources. A joint venture between Magnetation, Inc., and AK Steel Corporation, the company recovers high quality iron ore concentrate from previously abandoned iron ore waste stockpiles and tailings basins. Its proprietary process requires robust, reliable electricity, but company

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  • Cargill to work with Magnetation on low grade iron ore ...

    Agricultural giant Cargill has taken a step into the iron ore mining and processing sector, with the announcement of an agreement with Magnetation Inc of Nashwauk, Minnesota, under which the companies will explore opportunities "to develop and utilise Magnetation's proprietary mineral processing technology." According to Magnetation, the ...

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  • Magnetation LLC Announces the Sale of its Assets to ERP ...

    ERP Iron Ore, LLC: ERP Iron Ore, LLC ("ERPIO"), a subsidiary of ERP Compliant Fuels, LLC, through the acquired Magnetation assets, plans to recover high-quality iron ore concentrate from previously abandoned iron ore waste stockpiles and tailings basins in Itasca County of Minnesota.

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  • Magnetation, Inc. | LinkedIn

    Magnetation, Inc. is a natural resources and iron ore mining company. Our process recovers high-quality iron ore concentrate from previously abandoned waste stockpiles and tailings basins. We operate two iron ore concentrate plants located in Bovey, MN and Grand Rapids, MN, and an iron ore pellet plant located in Reynolds, IN.

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  • AK Steel pays $37.5 mln to end Magnetation deal - MarketWatch

    AK Steel Holding Corp. agreed to pay $37.5 million to end an iron-ore pellet agreement with Magnetation LLC, which last week said it may cease operations. AK Steel has a 49.9% stake in Magnetation, which had hoped to restructure following its bankruptcy filing in May. Grand Rapids, Minn.-based

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  • Magnetation could turn iron tailings into profits - May ...

    Magnetation will never match them on volume: Brazilian mining behemoth Vale, the world's largest iron ore producer, ships about 250 million metric tons annually, compared with Magnetation's tiny initial target of 300,000 metric tons. But Lehtinen is certain that Magnetation can compete on price.

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  • Agreement struck on Magnetation sale - Twin Cities

    Magnetation recovered valuable iron ore from waste dumps left behind by long-closed mining operations. It sold its finished pellets to AK's steel mills in Ohio. Under the direction of Magnetation CEO Larry Lehtinen and his son, Magnetation President Matt Lehtinen, the company grew rapidly.

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  • Moody's downgrades Magnetation to Caa2; outlook negative

    10/3/2015· Headquartered in Grand Rapids, Minnesota, Magnetation LLC is a joint venture between Magnetation Inc. (50.1% ownership) and AK Steel Corporation (49.9% ownership) that reclaims iron ore concentrate from previously abandoned iron ore waste stockpiles and tailings basins located on the Mesabi Iron Range.

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  • Magnetation set to close down operations - Recycling Today

    Magnetation LLC, Grand Rapids, Minnesota, has announced that it is planning to shut down its Minnesota iron ore concentrate plant, as well as its rail loading facility and pellet plant located in Reynolds, Indiana, as soon as September 30, 2016.

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  • Tom Clarke Revives Magnetation Operations on the Western ...

    Magnetation LLC was founded in 2006, and was a joint venture between Grand Rapids-based Magnetation Inc. and AK Iron Resources LLC, an affiliate of steelmaker AK Steel. Magnetation recovered valuable iron ore from waste dumps left behind by long-closed mining operations.

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  • Magnetation to Build 2 Iron Ore Recovery Plants on Iron Range

    The Grand Rapids-based company, which already reclaims iron ore from mining waste at plants in Keewatin and Taconite in northern Minnesota, will invest an estimated $120 million in the new plants, each of which will reportedly employ about 120. Magnetation, LLC, will reportedly build two iron ore

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  • Magnetation Now ERP Iron Ore | Mine | iamn

    The interest in iron ore is new for Clarke's firm. In a phone interview, Clarke's excitement for this new venture shone through. "We've got great plans," Clarke said excitedly about the company which will now be known as ERP Iron Ore, adding that the purchase did not include Magnetation, Inc.

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  • Rev 3™ Separator - Magnetation Inc - Iron Ore ...

    The Rev3™ Separator is an innovative, patented technology that separates weakly magnetic particles from waste minerals with world class efficiency and throughput. The Rev3™ is a "clean sheet of paper" design by MagInc engineers built specifically for high volume, high availability iron ore applications.

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