Macquarie Group provides $150m financing to Mesabi Metallics for iron ore mine and pellet plant
Type: Financing · Technology: Mining · Country: United States · Value: $150M · Announced: 2026-04-07
Macquarie Group has provided $150 million in financing to Mesabi Metallics, a company backed by Essar Group. This funding is designated for Mesabi Metallics' iron ore mine and pellet plant located in the US. The specific details regarding the project's timeline, capacity, or completion date were not disclosed in the article. This financing supports the development and operation of Mesabi Metallics' mining and processing infrastructure.
Counterparties
- Macquarie Group (Lender)
- Mesabi Metallics (Borrower)