Essar Steel Minnesota Files For Bankruptcy In US

New York: Essar Steel Minnesota has filed for Chapter 11 bankruptcy in a US court after it failed to pay its mining leases, prompting the state's Governor Mark Dayton to cancel them. The project involved iron ore pellet production of 7 million tonne per annum. "This morning (Friday), I instructed the Minnesota Department of Natural Resources to terminate Essar Steel Minnesota’s lease agreements with the state," Governor Dayton said ...