NASHWAUK, Minn. – U. S Steel on Thursday announced interest in filing mining claims near the site of the incomplete Nahwauk mine.
The Minnesota Department of Natural Resources initiated proceedings to rescind leases for Mesabi Metallics’ iron ore mining allocation in Nashwauk after the company failed to meet critical and required criteria by the May 1 deadline.
US Steel says they are “exploring options” and “gathering more information on the site. “
“The proximity of our Keetac mine would particularly improve US Steel’s ability to grow and produce from the Nashwauk site, expanding the flexibility we might have to cover the footprint of our electric arc furnace in the US. U. S. Given the authorization in the direct reduction position. Iron installation (DRI) on site,” the company said in a recent statement.
In addition, the company believes it is possible for it to simply provide valuable and highly professional workers in the Iron Range area.