Mesabi Nugget announces delay in start-up

Mesabi Nugget, the iron nugget plant under construction in Hoyt Lakes, has announced that it will delay operational start-up until the fourth quarter of this year instead of August as originally planned. This is from today's Mesabi Daily News.

The delay comes amid a global recession and the continued lagging steel prices, a situation that has all Iron Range taconite mines in some version of a shutdown right now. Mesabi Nugget currently employs a few dozen people with plans to bring on a few dozen more for the initial start-up. Naturally, the subsequent renaissance of the iron and steel industries will create hundreds more jobs under the grand plan.