Out of cash and unable to finish its half-built taconite mine and processing center in Nashwauk, Essar Steel Minnesota is preparing to move into bankruptcy. Essar has hired financial and legal ...

Experts said while it is the best thing for Essar lenders to do, buyers of these guarantees will not pay enough to cover ...

Construction of Minnesota's first new iron-ore mining and taconite plant operations in 35 years continues near Nashwauk, with work beginning this week on a tailings basin for Essar Steel Minnesota.

Bankrupt Essar Steel Minnesota has sued Essar Global, saying the India-based firm fraudulently mishandled funds for what is now a failed $1.9 billion construction project on the Iron Range. In court ...

Essar Steel Minnesota went into Chapter 11 bankruptcy on Friday as the State of Minnesota withdrew the state licenses for the taconite the company was preparing to mine. It might seem a little odd ...

Essar Steel Minnesota on Wednesday accepted Gov. Mark Dayton’s final offer for a $66 million loan repayment after the company failed to abide by all the terms of the loan agreement. The offer, which ...

I have pointed out before a number of times that how an economy deals with failure is one of the most important parts of capitalism and or a free market--thus this news that the Gujarat High Court has ...

ST. PAUL, Minn. (AP) — Gov. Mark Dayton has pulled the plug on Essar Steel Minnesota's lucrative mineral leases on the Iron Range and turned to Cliff Natural Resources as a possible developer of the ...

Essar Global plans to buy privately owned Minnesota Steel and invest $1.65 billion to build an integrated steel plant, the companies said on Wednesday, marking the Indian company's second North ...