September 07, 2008

Minnesota Steel\'s EIS is adequate

It is reported that Minnesota Steel's lengthy environmental impact statement has been approved by the Minnesota DNR.

This is a major step for the massive mining through steelmaking plant planned for Nashwauk. Now all the company needs is the seven environmental permits it applied for based on the EIS's guidelines.

It said that “Once those are issued, then construction can begin and financial close can happen. Essar Global has signed on to build the entire USD 1.6 billion project.”

The Army Corp of Engineers will also make a decision on the EIS, which is expected in the coming weeks.