Asset Report
Magnetation iron ore mine
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Magnetation is a closed surface mine initially owned by Magnetation Inc. The company was founded in 2006 by Al Fritz and Rod Hunt focusing on the development of a beneficiation technology that Fritz invented in the 1970s. In June 2019, four firms submitted bids to the Minnesota Bankruptcy Court for Magnetation's assets located in the state. Out of the four bids, two were deemed successful. Still, at the time of writing, part of Magnetation's future was still in limbo with Plant 4 located in Grand Rapids yet to find a suitable buyer. Magnetation filed for Chapter 11 bankruptcy protection in May 2015.
Table of contents
- Summary
- Key issues
Tables and charts
This report includes the following images and tables:
- Detail Map
- Participation
- Marketable reserves (at 01/01/24)
- Production
- Production
- Operations
- Infrastructure
- Cash cost
- Cash cost
- Capital cost
- Product quality
- Economic assumptions
What's included
This report contains:
Other reports you may be interested in
Asset Report
Mining Area C iron ore mine
BHP owns Mining Area C and has a production capacity of 65 Mtpa.
$2,250
Asset Report
Carol Lake iron ore mine
IOC’s Carol Lake is Rio Tinto’s integrated Canadian complex to explore premium markets with high-grade concentrates and pellets.
$2,250
Asset Report
Valle de Copiapo iron ore mine
Valle de Copiapó is a mining complex operated by CMP that supplies high-grade iron ore concentrates to the seaborne export market.
$2,250
