Post by Logan on Jul 6, 2016 3:09:17 GMT -6
Essar Steel Minnesota misses deadline to repay state $66M, could lose mineral leases
Essar Steel Minnesota stands to lose its lucrative Minnesota mineral leases on the Iron Range after missing a July 1 deadline to repay the state $66 million in infrastructure costs related to the company’s now stalled $1.8 billion taconite project in Nashwauk.
The failure to repay the state is the latest in a long line of shattered deadlines.
“Gov. [Mark] Dayton is engaged in negotiations and discussions and trading offers back and forth with Essar,” said state Rep. Tom Anzelc, DFL, Balsam Township, who chairs the Legislature’s Iron Range delegation. “At issue, primarily, is Essar’s request for an extension of the mineral leases. That seems to be what they want more than anything else in the short term.”
Essar representatives did not return calls and e-mails asking for comment. A spokesman from Dayton’s office said the governor had just returned from Croatia and could issue a statement about Essar this week. Other state officials did not return phone calls seeking comment.
Read more: www.startribune.com/essar-steel-minnesota-could-lose-minerals-lease/385611991/
Essar Steel Minnesota stands to lose its lucrative Minnesota mineral leases on the Iron Range after missing a July 1 deadline to repay the state $66 million in infrastructure costs related to the company’s now stalled $1.8 billion taconite project in Nashwauk.
The failure to repay the state is the latest in a long line of shattered deadlines.
“Gov. [Mark] Dayton is engaged in negotiations and discussions and trading offers back and forth with Essar,” said state Rep. Tom Anzelc, DFL, Balsam Township, who chairs the Legislature’s Iron Range delegation. “At issue, primarily, is Essar’s request for an extension of the mineral leases. That seems to be what they want more than anything else in the short term.”
Essar representatives did not return calls and e-mails asking for comment. A spokesman from Dayton’s office said the governor had just returned from Croatia and could issue a statement about Essar this week. Other state officials did not return phone calls seeking comment.
Read more: www.startribune.com/essar-steel-minnesota-could-lose-minerals-lease/385611991/