After filing for bankruptcy last week with debts of about $1 billion, Essar Steel Minnesota said Madhu Vuppuluri would leave the company’s CEO chair effective immediately. Matthew Stock, a 25-year ...

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, which once promised the state’s first new taconite plant in decades and the state’s first direct-reduced iron plant, filed for Chapter 11 bankruptcy protection Friday after ...

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 ...

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 ...

NASHWAUK -- Essar Steel officials have decided to temporarily slow construction of the company's taconite pellet facility in Nashwauk. The $1.7 billion plant will be Minnesota's first new iron-ore ...

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 ...

As another big deadline for a $2.6 billion taconite plant in Nashwauk looms at the end of the month, the project once considered a godsend for the Iron Range's economy is once again controlled by the ...

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 ...

NEW YORK--(BUSINESS WIRE)--Essar Steel Minnesota LLC (“ESML” or the “Company”) announces that it has received the results of its National Instrument ("NI") 43-101 Mineral Resources and Mineral ...

MUMBAI/TOKYO (Reuters) - Creditors of Essar Steel India Ltd have approved a joint offer by ArcelorMittal SA and Japan's Nippon Steel & Sumitomo Metal Corp as the final bid for the debt-laden asset, ...