June 23, 2017 6:21 PM ET

Metals and Mining

Company Overview of Magnetation Inc.

Company Overview

Magnetation Inc., a natural resources and iron ore mining company, produces and ships iron ore concentrates for customers in northern Minnesota. The company produces iron ore concentrates from previously abandoned iron ore waste stockpiles and tailings basins. It also provides hematite concentrates for sinter feed, pelletizing, and ITmk3 applications. In addition, the company offers hematite concentrated products to water treatment industries as a solution for coagulant and flocculant, ferric chloride, and ferric sulfate production. The company was incorporated in 2006 and is based in Grand Rapids, Minnesota. It has plants in Keewatin, Bovey, and Grand Rapids, Minnesota; and an iron ore pell...

102 NE 3rd Street

Suite 120

Grand Rapids, MN 55744

United States

Founded in 2006

Phone:

218-999-5165

Fax:

218-999-5827

Key Executives for Magnetation Inc.

Principal Owner, Chairman and Chief Executive Officer
President, Chief Operating Officer and Board Member
Chief Financial Officer and Member of the Board of Managers
Chief Accounting Officer
Vice President of Engineering
Compensation as of Fiscal Year 2016.

Magnetation Inc. Key Developments

Court Approves Magnetation's Assets Sale

A US bankruptcy court judge has approved Magnetation Inc.'s plan to potentially shut its doors and sell or abandon its assets. Judge William Fisher said in an order filedwith the US Bankruptcy Court in Minnesota on Thursday October 6, 2016. The status of those operations was not immediately clear on October 11, and the company did not respond to requests for comment, Metal Bulletin Daily reported.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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