Essar-Magnetation Deal in Works
Could be Finalized May 22
DULUTH, Minn. – Essar Steel of Minnesota’s project in Nashwauk got some new life yesterday as Chippewa Capital Partners won the bid to run it, which was worth about $300 million. Chippewa is owned by Tom Clarke, of the state of Virginia, who also bought out the bankrupt Magentation ore plant in Grand Rapids. The plans now are to merge…
