Updated:
Original:

Magnetation gets OK for iron ore plant near Coleraine

Author:

Grand Rapids-based Magnetation gained approval Tuesday to build its fourth iron ore recovery plant on Minnesota's iron range.

The Duluth News-Tribune reports the Minnesota Pollution Control Agency's citizens board unanimously approved Magnetation's plan for a plant near Coleraine.

The company plans to begin construction of the $120 million plant this summer to begin production early in 2015, according to the News-Tribune. The new facility is expected to employ 160 people. Magnetation already has plants near Taconite, Keewatin, and Chisholm that employ 220.

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.

The News Tribune reports the PCA's approval came after staff determined waste from the Coleraine plant would have no measurable impact on waters in the area. The state DNR had previously approved the plant.

Next Up

Gopher Football

U of M-barrassed: Gophers shocked by Bowling Green

The Falcons snapped a 21-game non-conference winning streak in front of a homecoming crowd.

Andrew Wiggins

Andrew Wiggins applies for exemption to COVID vaccine, is rejected

Wiggins could miss a large chunk of the season without the vaccine.

CJ Ham

Vikings-Seahawks: 5 things you can count on happening

Can the Vikings finally beat Russell Wilson?

Flickr - police lights squad siren - Edward Kimmel

Residents asked to be on the lookout for at-large suspect in Sauk Rapids

The suspect was last seen near the intersection of Garden Brook Drive Northeast and Strawberry Court Northeast.

Towerside Innovation District

Aquifer energy storage project wins financial backing of Mpls city council

It'll be used to power the Towerside Innovation District near the U of M.

Screen Shot 2021-09-25 at 10.02.45 AM

Bomb threat prompts school evacuation in central Minnesota

A search of the building did not find any suspicious items.

Pexels - beer outside patio brewery

Brewery, taproom moving into former Twin Cities newspaper space

Loons Landing officially signed the lease this week.

Vic Richfield auto theft PD - rectangle crop

Police: Car with dog inside stolen from outside Twin Cities liquor store

They're asking people to be on the lookout for the vehicle.

John Hofer - Chisago County Sheriff's Office

Murder charge filed over inmate's death at Chisago Co. Jail

The man suddenly became unresponsive and died while in a holding cell.

Related

Utilities commission OKs permits for revamped Iron Range power plant

The Minnesota Public Utilities Commission unanimously agreed permits issued to Excelsior Energy two years ago for a flexible-fuel power plant in the city of Taconite should suffice for the construction of the natural gas-fired power plant, the Duluth News Tribune reports. Opponents of the controversial project argued that the permits should not be approved without further review.

Bill in Legislature would roll back environmental review for Magnetation iron ore plant

Company officials say they'll comply with federal emissions rules but say the state's environmental review process and mercury regulations would hold up construction for too long. They say that unless lawmakers cut the environmental review, they'll build the plant in a different state.

Iron Range leaders angry as Magnetation scouts sites outside Minnesota

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.