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Magnetation, Inc. is a natural resources and iron ore mining company.  We recover high-quality iron ore concentrate from previously abandoned iron ore waste stockpiles and tailings basins. We operate two iron ore concentrate plants located in Bovey, MN and Grand Rapids, MN, and an iron ore pellet plant located in Reynolds, IN.  The iron ore we produce supplies US steel mills as the primary raw material in the steel making process.   

Plant 4 Construction Celebration

First Shipment to Mag Pellet

What We Do