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Iron Ore Co Magnetation Hits Ch 11 With $135M DIP In

5-5-2015Iron ore concentrate and pellet producer Magnetation LLC on Tuesday filed for Chapter 11 in Minnesota bankruptcy court with a $135 million debtor-in-possession loan lined up thanks to an agreement with senior secured noteholders Get price

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Magnetation completes $100 million package

22-7-2014Magnetation has two major projects currently underway — the construction of its fourth iron ore processing plant in Coleraine and construction of its iron ore pelletizing plant in Reynolds Ind "We are very pleased with the execution on these projects by our Magnetation team members as well as our suppliers and stakeholders " said Larry Lehtinen CEO of Magnetation in the announcement Get price

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Iron Ore Magnetation

Magnetation Files Bankruptcy Amid Iron Ore Slump - Magnetation LLC has filed for bankruptcy protection saying it needed to restructure its operations because of the combination of an unprecedented slump in global iron ore prices and the heavy debt burden incurred in the expansion of its iron ore Get price

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Former Iron Range boss crashes plane in Canadian forest

9-8-2019A former owner of the Magnetation iron ore processing operations near Grand Rapids Minn is uninjured after the plane he was piloting crashed in a Canadian forest last month On July 27 Matt Lehtinen 37 was flying his Cirrus SR-22 from Wabush Get price

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magnetation

MagGlobal LLC ("MAG") is a mineral processing technology company focused on serving the global iron ore industry Our innovative technology allows for (i) magnetic recovery of low grade or challenging iron ore bodies and (ii) enhanced flotation performance to reduce cost and Get price

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Magnetation Inc

—Dave Chappie Vice-President of Engineering Magnetation Background Founded in 2006 privately-held Magnetation Inc is an iron ore processing company that utilizes magnetic separation technology to capture iron ore particles left over from previous mining operations dating back to the 1890s Get price

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Cargill to work with Magnetation on low grade iron ore

9-1-2011Agricultural 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 Get price

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Magnetation to shut down remaining operations

In developing innovative technology viewed as new promise for the Iron Range Magnetation turned old iron mine waste into high-purity iron concentrate However like other regional mining operations Magnetation was hit hard by the iron ore price crisis Read more Get price

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Magnetation set to close down operations

30-8-2016Magnetation 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 Get price

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Magnetation startup could come this summer

10-1-2018Magnetation startup could come this summer Clarke said his ERP Iron Ore LLC Clarke's ERP Iron Ore won the bankruptcy rights to Magnetation one year ago and hoped to be producing iron ore concentrate at Plant 4 by now with most of Get price

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Magnetation LLC to Build Iron Ore Pellet Plant in

Currently Magnetation LLC owns and operates two reclamation plants located in Keewatin MN and Taconite MN Magnetation LLC expects to construct a three million metric tonne per year iron ore pellet plant in Reynolds Indiana and two additional concentrate reclamation plants located northwest of Coleraine MN andGet price

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Magnetation gets OK for iron ore plant near Coleraine

Magnetation uses its own technology - based on magnetism - to pull iron ore out of mines that were thought to be played out The company also announced Tuesday that it has arranged $375 million in financing for the Coleraine plant and for a plant in Reynolds Indiana that will make iron ore pellets Get price

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ERP Iron Ore may buy bankrupt Magnetation and

8-12-2016Bankrupt Magnetation LLC has a possible buyer for its remaining assets Court documents filed this week identify ERP Iron Ore LLC as the interested party and state the company hopes to restart some of Magnetation's closed iron ore operations on Minnesota's Iron Range Get price

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iron ore pellet making plant

Magnetation Inc - Iron Ore Pellets Magnetation iron ore pellets are high quality fluxed iron ore pellets that serve as Combining iron ore concentrate produced by Magnetation beneficiation plants in solution to efficient blast furnace operation and integrated steel production Get price

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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 Get price

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Moody's downgrades Magnetation to Caa2 outlook

10-3-2015Headquartered 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 Get price

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Former Iron Range boss crashes plane in Canadian forest

9-8-2019A former owner of the Magnetation iron ore processing operations near Grand Rapids Minn is uninjured after the plane he was piloting crashed in a Canadian forest last month On July 27 Matt Lehtinen 37 was flying his Cirrus SR-22 from Wabush Get price

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Magnetation could turn iron tailings into profits

19-5-2009Magnetation 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 Get price

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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 MagnetationGet price

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Rebirth plans for old Magnetation site in Grand Rapids on

24-11-2017The much-anticipated rebirth of the former Magnetation iron-ore tailings operation in Grand Rapids Minn is on hold as the new owners wrestle with higher costs and bigger upgrades than expected The unexpected costs are associated with a related Get price

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Copper Ore Magnetation

Magnetation (iron ore) - Revolvy Jul 07 2009 Magnetation (iron ore) topic Magnetation is the processing of iron ore tailings the waste product of iron ore mines to recover hematite Crushed mine tailings are mixed with water to create a slurry the slurry is then pumped through magnetic separation chambers to extract hematite Get price

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Magnetation could turn iron tailings into profits

20-5-2009Magnetation 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 Get price

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Magnetation LLC

Magnetation LLC owns and operates iron ore concentrate plants The Company produces iron ore concentrate from abandoned iron ore waste stockpiles and tailings basins Magnetation serves customers in the United States SECTOR Materials INDUSTRY Iron Steel SUB-INDUSTRY Steel Raw Material Suppliers Get price

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Reynolds Magnetation plant sold

1-2-2017ERP Iron Ore plans to begin the recovery process of "high quality iron ore concentrate from previously abandoned iron ore waste stockpiles" according to a December news release from Magnetation In addition to the plant in Reynolds the company acquired Magnetation facilities in Keewatin MN Bovery MN and Grand Rapids MN Get price

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magnetation inc

June 10th (Duluth News Tribune) – Where others see mine waste a group of Iron Range entrepreneurs see opportunity Six investors all with ties to mining have combined resources to launch Magnetation Inc a Nashwauk-based company that aims to reclaim iron from the tailing basins of long-retired natural ore Get price

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Steel News

The global price of iron ore has fallen by more than 50% over the past 18 months Due to the unprecedented collapse in iron ore prices over the past year and the iron ore market uncertainty moving forward we believe it is in our best interest to indefinitely idle our highest cost operation said Larry Lehtinen CEO of Magnetation Get price

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Iron Range leaders angry as Magnetation scouts sites

The company says Minnesota's strict pollution rules are forcing it to look beyond the state for a possible site for a new iron ore plant State officials tell the Duluth News Tribune they're upset Magnetation executives would consider such a thing after the state gave them $1 million in taxpayer money Get price

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Magnetation Unveils Plans For Reynolds IN Facility

3-1-2013Magnetation 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 Get price

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US iron ore producer Magnetation LLC to idle unit on low

Magnetation will indefinitely idle its Plant 1 iron ore concentrate facility in Keewati Minnesota by the end of March it said late Monday The unit inaugurated in 2009 was scheduled to produce 350 000 mt of iron ore concentrate in 2015 Get price

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Magnetation

Parsons completed the construction of a state-of-the-art iron ore concentrator plant dump pocket truck service building and pumping station Parsons' services included complete electrical electrical service installation power distribution and fiber optic technologies Get price

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Former Magnetation owner recounts plane crash rescue

Former Magnetation owner recounts plane crash rescue in remote Canadian forest 12 04 pm August 9 2019 Top Stories Unmute Lehtinen is former owner of Magentation an iron ore processing facility which filed for bankruptcy in 2015 He currently serves as president and chief operating officer of Get price

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Magnetation files Chapter 11 bankruptcy

5-5-2015Magnetation LLC reclaims iron ore from waste stockpiles The raw material is shipped by freight train to the Reynolds facility which produces iron ore pellets for AK Steel's blast furnace operations in Middletown Ohio and Ashland Kentucky Get price

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