Asset report

Magnetation iron ore mine

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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.

What's included

This report contains

  • Document

    Magnetation iron ore mine

    PDF 317.78 KB

  • Document

    Magnetation.xls

    XLS 203.00 KB

Table of contents

  • Key facts
  • Summary and 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:

Images

  • Detail Map
  • Production
  • Cash cost

Tables

  • Key facts: Table 1
  • Participation
  • Marketable reserves (at 01/01/17)
  • Production
  • Operations
  • Infrastructure
  • Cash cost
  • Capital cost
  • Product quality
  • Economic assumptions

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