Minnesota continues to serve as a major supplier of all kinds of minerals. The state has developed a world-class supply chain of technology providers who lead the world in extracting, processing and refining mineral commodities into everyday finished goods. Mine operators and supply chain businesses are currently gearing up for another round of major investments in Minnesota, to serve the growing demand for non-ferrous minerals and direct-reduced iron products.
With new opportunities on the horizon and an unparalleled economic development system to support growing businesses, the timing and potential is great for mining operators and related supply chain industries to expand here.
Iron mining industry supports 11,200 jobs and contributes more than $3 Billion to the state’s economy
9 producing iron ore mines, which are capable of producing more than 40 million tons of iron ore taconite annually
Thriving mineral industries built around sought-after products including silica sand
An abundance of untapped kaolin clay resources
Recent discovery of copper, nickel, gold and other precious metals
4 billion tons of yet-untouched non-ferrous minerals
Minnesota is the best-run state in the nation, according to a new study from USA Today that cites Minnesota’s strong fiscal management, low unemployment and poverty rates, above-average median household income, and the state’s nearly perfect credit rating. Since ranking tenth in 2012, Minnesota has consistently climbe...Read More
Sales of $5.4 billion are highest in nearly three years Minnesota exports of manufactured, agricultural and mining products reached $5.4 billion in the third quarter, their highest level since late 2014, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED). Stat...Read More