Iron producer may take state’s money & run

Posted: February 2, 2012 in Uncategorized

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.

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