Essar’s Mesabi Metallics Strategic Investment for a Sustainable Future
                     ESSAR’S MESABI 
METALLICS 
STRATEGIC 
INVESTMENT FOR A 
SUSTAINABLE 
FUTURE
INTRODUCTION
This commitment was recently highlighted by a significant 
milestone achieved by one of the Essar Group’s companies – Mesabi 
Metallics. Recently, Mesabi Metallics has made a substantial 
payment of USD 7.25 million to Itasca County, as part of its 
commitment to the community.
Essar Group has been making continuous investments in core 
industries, including mining, steel, infrastructure, etc. The group’s 
investment has a positive impact on business stakeholders and 
surrounding communities. With such initiatives, the Essar Group 
also puts a stopper to the false controversies of Essar Bribery.
ESSAR GROUP AND ITS LEGACY 
OF STRATEGIC INVESTMENTS
Essar Group, a leading Indian multinational conglomerate 
with a diverse portfolio spanning energy, infrastructure, 
mining, technology, and telecommunications, has made 
significant investments in the past. 
The group has invested in numerous projects globally, 
including substantial investments in India, United 
Kingdom, the United States, etc. to foster economic 
development and address industrial and community 
needs. Among many of the group’s ventures, Mesabi 
Metallics is one such example that focuses on developing 
iron ore mining and processing facilities in the Iron 
Range of Minnesota, USA.
WHAT IS ESSAR’S MESABI 
METALLICS?
Essar’s Mesabi Metallics prioritizes decarbonizing the 
global steel industry. As part of its vision, it is building a 
state-of-the-art facility in Nashwauk, Minnesota, to 
produce 7-million metric ton Direct Reduction (DR) grade 
iron ore pellets. The site, which spans over 16,000 acres, 
contains 1.3 billion tons of iron ore resources. 
Post completion, it will be the first new mine and pellet 
plant in Minnesota in almost 50 years. Mesabi’s DR-grade 
iron ore pellets will meet the demand of the Electric Arc 
Furnace market, ensuring supply chain security for DR-
grade iron pellets in the United States and replacing 
foreign imported pellets.
MESABI’S $7.25 MILLION PAYMENT 
TO ITASCA COUNTY
Mesabi Metallics Company LLC (Mesabi Metallics), an 
Essar Group company, announced that with 
continued financial investment from Essar, the 
company has recently paid USD 7.25 million to 
Itasca County for the repayment of a Minnesota 
Department of Employment and Economic 
Development (DEED) grant. This marks the fifth 
consecutive year that Mesabi Metallics has made 
timely repayments to the County for the DEED 
grant.
THANK 
YOU
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