news topics: metals & mining

Twenty-seven-year industry veteran to lead company as it ramps up staffing and construction. NASHWAUK, Minn. (June 17, 2024) – Mesabi Metallics Co. LLC today announced it has appointed Joe Broking to the position of president and chief executive officer. “Mesabi Metallics is at a new, exciting stage in its development where we are bringing on […]

India’s Essar Group plans to invest billions of dollars in low-carbon projects in Saudi Arabia, the UK and India, as the company transitions into clean energy investments. The conglomerate controlled by billionaire brothers Shashi and Ravi Ruia expects to get final approvals by June to start investing about $4 billion to build a low-carbon steel […]

Indian conglomerate Essar Group plans to make Saudi Arabia a hub to drive its expansion locally and regionally, its chief executive Prashant Ruia said on Wednesday. The group, built by brothers Shashi and Ravi Ruia, is setting up a 4 million metric tonnes per year steel plant along with port facilities at Ras Al-Khair in […]

After kicking off work on its $4.5 billion integrated steel project, Indian conglomerate Essar Group is drawing up another round of mega investments in Saudi Arabia, which will see it investing in a port-related project in Ras Al-Khair and in its technology solutions company Black Box pumping in more investments for further expanding its business […]

New Delhi, India, September 11, 2023: Desert Technologies (DT) an independent solar PV and smart infrastructure holding company, entered into a long term partnership with the multinational conglomerate Essar Group. Both parties signed a Memorandum of Understanding (MOU) to develop renewable energy solutions for Essar Group’s Green Steel Arabia (GSA) project in the Kingdom of […]

Dubai, UAE, September 7, 2023: Vale International, a wholly-owned subsidiary of Vale SA, a global mining company and a leading producer of Brazilian iron ore and iron ore agglomerates, entered into a partnership with the multinational conglomerate Essar Group. This collaboration aims to supply iron ore agglomerates for the Green Steel Arabia (GSA) project. The Letter […]

Manama, Bahrain – 17th August, 2023: Foulath Subsidiary, Bahrain Steel, a leading producer, and global supplier of high-grade iron-ore pellets, has partnered with multinational conglomerate Essar Group in the supply of iron ore pellets to the Green Steel Arabia (GSA) project. The Letter of Intent (LOI) signing ceremony was held on Wednesday, 16th August 2023, […]

Setting up steel plant in Saudi, an iron pellet plant each in Odisha, US Source: Business Standard The $15-billion Essar group is making a quiet but big comeback to the steel industry with a global footprint in three mega projects with an investment of $8 billion over three to four years, according to a senior […]

NASHWAUK, Minn. (Jan 4, 2023) — Mesabi Metallics Company LLC (Mesabi Metallics) this morning announced it provided a payment late last week of $7.25 million to Itasca County and the Minnesota Department of Employment & Economic Development (DEED), in conjunction with a master lease agreement executed by Mesabi Metallics and the DNR in December 2020. Since 2017, Mesabi […]

Mr Jatinder Mehra, Vice Chairman & Operating Partner, Essar Capital, was recognised by the Indian Steel Association (ISA) for his 50+ years’ service to the Nation’s steel industry. At the ISA Steel Conclave 2022 held at The Lalit, New Delhi, on November 21-22, 2022, Mr Mehra was awarded the Lifetime Achievement Award by the Chief […]