Asset Report

Magnetation iron ore mine

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20 February 2018

Magnetation iron ore mine

Report summary

Magnetation, LLC is a joint venture between AK Steel and Magnetation, Inc. – a company founded in 2006 by Al Fritz and Rod Hunt, and focused on developing a beneficiation process based on a technology Fritz invented in the 1970's.  In 2008, the pair brought in Mesabi Range veteran Larry Lehtinen to lead the company out of its developmental stage and into production.  In May 2015, Magnetation filed for chapter 11 bankruptcy protection and all operations were suspended in 2016. We assume the closure will be permanent.

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Reserves and resources
  • Production
  • Operations
  • Infrastructure
  • Costs
  • Sales contracts
  • Economic assumptions

Tables and charts

This report includes 13 images and tables including:

  • Key facts: Table 1
  • Detail Map
  • Participation
  • Marketable reserves (at 01/01/18)
  • Production
  • Production
  • Operations
  • Infrastructure
  • Cash cost
  • Cash cost
  • Capital cost
  • Product quality
  • Economic assumptions

What's included

This report contains:

  • Document

    Magnetation iron ore mine

    PDF 317.38 KB

  • Document

    Magnetation.xls

    XLS 202.00 KB