Serving the Iron Range and northeastern Minnesota

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In The News

Current news about northeastern Minnesota

Sertich plans half of staff working on development
2011-08-19
IRRRB Commissioner Tony Sertich wants “more boots on the ground, people in the communities.” And that means a reorganization of the agency will be taking place to provide more focus on development.
Source: Mesabi Daily News

IRRRB lifts debt cap for Magnetation expansion
2011-08-19
Path cleared for JP Morgan to increase its investment for West Range project that would create 78 more jobs, adding to 92 current ones
Source: Mesabi Daily News

IRRRB removes debt cap for Magnetation
2011-08-19
A West Range mining venture project that has more than $5 million in loans from the IRRRB received a change in debt allowed by the agency on Thursday that paves the way for more financial backing for a project expansion that will create more than 70 jobs.
Source: Hibbing Daily Tribune

IRRRB removes Magnetation's senior debt cap
2011-08-19
The Iron Range Resources and Rehabilitation Board removed a $12.6 million cap - the amount of senior debt allowed by the agency – at its meeting today, at the request of Magnetation.
Source: Business North

0% interest rate
2011-08-17
Officials from the Virginia and Hibbing Public Utilities will be looking for no more interest to be paid on $8 million in biomass loans at Thursday’s Iron Range Resources & Rehabilitation Board meeting. And Magnetation, Inc. will be seeking removal of a debt cap to expand.
Source: Mesabi Daily News

Budget pared nearly $6.5 million
2011-08-17
A 35 percent drop in revenue will result in an Iron Range Resources & Rehabilitation Board Fiscal Year 2012 budget being pared by about $6.5 million.
Source: Mesabi Daily News

Entities looking for break
2011-08-17
Officials from the Virginia and Hibbing Public Utilities will be looking for no more interest to be paid on $8 million in biomass loans at Thursday’s Iron Range Resources & Rehabilitation Board meeting.
Source: Hibbing Daily Tribune

Sertich releases IRRRB budget statement
2011-08-17
A 35 percent drop in revenue will result in an Iron Range Resources & Rehabilitation Board Fiscal Year 2012 budget being pared by about $6.5 million.
Source: Hibbing Daily Tribune

IRRRB grant paves way for community projects
2011-08-02
A $50,000 grant from the Iron Range Resources & Rehabilitation Board will pave the way for the first round of giving this fall by the Eveleth Area Community Foundation.
Source: Mesabi Daily News