Mesabi plans $18bn investment to combine iron ore mine and steel complex
The project pairs a new iron ore mine in Minnesota with a proposed $15bn steel complex in Iowa, targeting more than 8,000 jobs.
Latest edition: 29 September 2026
Latest edition: 29 September 2026
The project pairs a new iron ore mine in Minnesota with a proposed $15bn steel complex in Iowa, targeting more than 8,000 jobs.
The project at United Downs will extract lithium from geothermal brine, with commercial production targeted for 2029.
The company reported high-grade early drilling results at its La Grecia prospect, with further assays expected in October.
Membership requires the company to uphold the LBMA Global Precious Metals Code on ethics, governance and business conduct.
The proposal would have resulted in the creation of the world’s second-largest gold miner by total production.
The current drilling consists of three new drill-holes and the extension of two existing holes.
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