On Wednesday, Magnetation celebrated the arrival of the first of six new unit trains manufactured specifically to move iron ore concentrate to its pellet plant in Reynolds, Ind. The concentrate will be loaded at its Jessie load-out terminal just east of Grand Rapids before departing for the state-of-the-art pellet plant currently in the final stages of construction in Indiana.
“This inaugural shipment of concentrate to our pellet plant marks a significant milestone in our company’s history,” said Matt Lehtinen, president and chief operating officer of Magnetation. “On this special day we celebrate the beginning of a new era of iron ore production, jobs, and economic activity for our operations.”
Despite severe winter conditions, the pellet plant construction remains ahead of schedule and will begin operating during the second half of this year. The 3.0 million metric ton per year facility will produce high quality fluxed iron ore pellets that will feed partner AK Steel’s blast furnace operations in Ashland, Ky., and Middletown, Ohio. To supply the pellet plant with concentrate, Magnetation is currently constructing a 2.0 million ton per year iron ore beneficiation plant near Grand Rapids that will begin operating in early 2015.