ERP Iron Ore, LLC (“ERPI”) is affiliated with a consortium of mining and industrial assets producing coke, coking coal, thermal coal, gold ore, and iron ore.
- ERP affiliates have successfully reopened mining operations throughout North America and are now the second largest producer of coking coal in North America, with run-rate production of 10.6 million metric tonnes per annum (“mmtpa”). ERPI acquired the assets of three iron ore concentrator plants located near Grand Rapids, Minnesota and a state of the art Metso pellet plant in Reynolds, Indiana capable of producing 3.5 mmtpa.
- ERP affiliates have confirmed a plan of reorganization to invest $250 million of equity capital, to sponsor Mesabi Metallics Company LLC (“Mesabi”) in its reorganization and completion of a 7.0 mmtpa Metso pellet plant in Nashwauk, Minnesota. Including Mesabi, the assets represent over $2.6 billion of recently invested capital with future capacity to produce 10.5 mmtpa of the highest quality iron ore pellets.