The opening of a taconite plant under construction in northern Minnesota will be delayed until the second half of 2014.
The Associated Press reported that the Essar Steel Minnesota plant had been scheduled to open near Nashwuak this fall. Nearly 350 new jobs were expected to be added at the facility, located 90 miles northwest of Duluth. But CEO and President Madhu Vuppuluri told the Star Tribune that the opening is delayed because of financing issues.
Concrete foundations have been poured, a few steel beams have been erected and Essar’s giant ore crushers have been installed. Currently, about 100 Essar workers are on-site, along with 300 construction workers.