November 14, 2016
A Minnesota attorney told a Delaware bankruptcy judge Monday that the North Star State never intended to tie up indefinitely the publicly owned iron ore rights on thousands of acres with an unfinished $2 billion mine and mill venture now claiming a Chapter 11 shield against default claims.
October 20, 2016
Pressed by a Delaware judge, bankrupt Essar Steel and Minnesota officials agreed Thursday to a combined hearing Nov. 14 on a state bid to reclaim iron ore leases crucial to a $2 billion mine project and a company motion that would block the action.
October 18, 2016
A Delaware bankruptcy court moved to take immediate control of a Minnesota foreclosure action targeting Essar Steel on Tuesday, after lien holders approved in Essar's Delaware Chapter 11 turned up as defendants in the recently filed Minnesota case.
August 30, 2016
Essar Steel Minnesota LLC and its parent have asked a Delaware bankruptcy judge for permission to pay bonuses to its employees as it works through Chapter 11 to reorganize more than $1 billion in debt.
August 25, 2016
Essar Steel asked a Delaware bankruptcy court on Tuesday to approve a deal with utilities that puts the company one step closer to resuming construction of a shuttered iron mine in northern Minnesota.
July 26, 2016
Essar Steel Minnesota LLC won a Delaware bankruptcy court's interim approval Tuesday for a $35 million debtor-in-possession loan under steep terms that the company acknowledged as expensive and that one creditor group called "astonishing."
July 20, 2016
Embattled Essar Steel Minnesota LLC has proposed a $35 million debtor-in-possession loan to keep its Delaware bankruptcy case afloat, saying on Tuesday that the company will be forced to liquidate its new but unfinished iron ore mine and mill venture without quick approval of interim funds.