Troubles continue for Essar Steel's plant in northern Minnesota. In recent weeks, construction on the mining facility in Nashwauk has slowed,WDIO reports, and now Essar Steel has confirmed it has reduced its workforce. We have implemented some ... Twin Cities Business, 1 month ago
Essar lays off some local employees - Prairie Business, 1 month ago
Troubled Essar Steel Minnesota lays off workers on the Iron Range - Equities.com, 1 month ago
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Dec. 21--Essar Steel Minnesota has repaid a 2004 loan to the Iron Range Resources and Rehabilitation Board but still has no agreement to repay $65.9 million the company owes the state of Minnesota for not building an iron and steel facility on the ...Bloomberg, 1 month ago Essar Steel repays IRRRB loan, but state still owed MyInforms, 1 month ago
Dayton issues warning to Essar about paying companies working on Nashwauk site [Duluth News Tribune]
Nov. 30--Gov. Mark Dayton today pledged to play hardball with Essar Steel Minnesota, saying he will call the state's $67 million loan to the company on Wednesday if Essar doesn't pay up to local construction companies. Essar has essentially been ...Bloomberg, 2 months ago Dayton threatens Essar if contractors aren't paid Prairie Business, 2 months ago Dayton demands steel company pay contractor bills MyInforms, 2 months ago
After much hand-wringing, Essar Steel Minnesota accepted the Gov. Mark Dayton's final ultimatum to repay $66 million in state incentives the company received for a development project in the Iron Range. Dayton had issued the terms on Dec. 23. The ...MyInforms, 1 month ago
Star Tribune reported that Gov. Mr Mark Dayton has issued a final offer for Essar Steel Minnesota to repay nearly $66 million in loans to help build a still uncompleted taconite plant in northeastern Minnesota. The governor, in a letter sent ...MyInforms, 1 month ago Dayton gives Essar Steel 'final offer' to repay $66 million to state MyInforms, 1 month ago State launches effort to recover $66 million from Essar Business North, 1 month ago
Despite paying US$20 million in outstanding obligations to construction companies last week, Essar Steel Minnesota still owes contractors millions of dollars,MyInforms, 2 months ago
Gov. Mark Dayton is pressuring a steel company that received a hefty government loan to quickly repay private Minnesota vendors or risk having him seek immediate reimbursement of the $66 million state note. Dayton said Monday that he informed the ...Finance & Commerce, 2 months ago
Concerns Outweigh Upside for Cliffs Natural Resources after 4Q15 ( Continued from Prior Part ) More downside? Cliffs Natural Resources (CLF) share price has fallen by 78% in 2015 and another 5% since the start of 2016, through January 28. This ...Yahoo! Finance, 6 days ago Cliffs Natural Resources: The Turnaround Isn't Happening Seeking Alpha, 1 month ago Is More Downside for Cliffs Natural Resources on the Horizon? Yahoo! Finance, 1 month ago
Concerns Outweigh Upside for Cliffs Natural Resources after 4Q15 ( Continued from Prior Part ) US iron ore volumes The volumes shipped by a company usually depend on the demand from end consumers and adjustments made by the company to its ...Yahoo! Finance, 1 week ago
Jan. 27--Cliffs Natural Resources had a terrible year in 2015, losing money and slashing production, but the company expects demand for its taconite iron ore to tick up in 2016 and vows to reopen idled operations once sales increase. Company ...4 Traders, 2 weeks ago Cliffs Natural Resources hanging on, but waiting to reopen plants Prairie Business, 2 weeks ago Cliffs Natural Resources Exits Coal Business Seeking Alpha, 1 month ago
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