UPDATE: Magnetation executives confirmed that Superior, Wis. is high on the list of possibilities for its iron ore pellet processing plant. The company is eying the Parkland site and an announcement about a land deal east of the city of Superior could come as early as this week. Matthew Lehtinen, Magnetation’s president and chief operations officer, said the company is impressed by Wisconsin’s “open business climate.” CEO Larry Lehtinen indicated to BusinessNorth via email that fast permitting may put Superior as well as Indiana and Illinois at a distinct advantage over a possible Iron Range site in Itasca County, Minn. Company executives plan to start permitting more than one site within the next three months. Magnetation currently has headquarters in Grand Rapids and mining operations in western Itasca County.
But, a final deal has not yet been inked. Larry Lehtinen said: ” (We) want to reiterate and emphasize that we have not selected a site, Parkland is but one of four sites we are considering. (The) Itasca (County, Minn.) site is still very much under consideration and we remain in dialogue with State of MN leaders on the matter.”
Looks like the ball is in Minnesota’s court.
Filed under: Uncategorized
