Debt financing
US Exim offers $10-B loan to Essar Group firm Mesabi Metallics
The US Export-Import Bank (EXIM) has announced support of USD 10 Billion to Mesabi Metallics , an Essar Group company, for a major minerals and manufacturing project in Minnesota.Mesabi Metallics is building an integrated iron ore mining and processing facility designed to produce about seven million tonnes of high-grade direct-reduction iron ore pellets annually - critical inputs for modern steelmaking - and will create hundreds of US jobs.
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