Magnetation is a natural resource and iron ore mining company that operates two iron ore concentrate plants in Bovey, MN and Grand Rapids, MN, as well as an iron ore pellet plant in Reynolds, IN. Their mission is to produce high-quality iron ore minerals using safe processes that minimize environmental impact, ensuring a sufficient supply of iron for local steel manufacturers.
Magnetation's vision is to increase their production and become a leading producer of iron ore in the American market. They mine iron ore to manufacture steel, which is used in various industries such as automotive, construction, and manufacturing. Through their concentration and pelletizing processes, they upgrade the iron ore to produce high-quality pellets suitable for blast furnaces.
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