Iron producer may take state’s money & run

Posted: February 2, 2012 in Uncategorized
Tags:

DULUTH, MN — Minnesota officials are concerned that Magnetation Inc. may build an iron ore pellet plant in another state to avoid environmental regulations after taking $1 million in seed funds, the Duluth Tribune reported via Minnesota Public Radio News.

Magnetation has also benefitted from a Minnesota industry loan fund. It has repaid loans.

What may interest readers is that environmental regulations appear to be less stringent in Wisconsin, Illinois and Indiana, where Magnetation may build a plant that could employ up to 150 workers.

More from PoetsCollective

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s