Mining Resources LLC

Mining Resources LLC is owned by Steel Dynamics Inc. and is a licensee of the MAG technology.  Located near Chisholm, Minnesota, Mining Resources LLC utilizes MAG technology to recover iron ore from previous natural ore mining operations and produce high quality iron ore concentrate.  The concentrate is shipped to Mesabi Nugget, a Steel Dynamics and Kobe Steel operation located near Hoyt Lakes, where it serves as the main feedstock to make 97% pure iron nuggets.  Mining Resources LLC began operations in September of 2012 and has an annual capacity of 1.0 million mt per year.