Construction ahead of schedule on iron ore plant

REYNOLDS, Ind. (WLFI) — Construction on the Magnetation plant in Reynolds is ahead of schedule, officials said.

The $350 million project was scheduled to be finished at the end of this year, but plant officials now hope the facility will be done in September.

As News 18 has already reported, the plant will produce iron ore pellets which will be shipped off and turned into steel. Supervisors are happy to be ahead of schedule, even despite the rough winter.

“We’re very excited to be where we’re at. This is the first pellet plant built in North America in 40 years and typically they take close to three years to build,” General Manager Terry Nanti said. “So to be just 13 months from when we poured our first foundation and be where we are at today, that’s an amazing feat.”

Nanti said they are excited to already have shipments coming in.

“Late Saturday night, early Sunday morning we received our first shipment of iron ore from Minnesota,” Nanti said. “A 120-car unit train carrying 103 metric tons per car.”

Supervisors said work will begin soon to connect electricity and utilities throughout the plant. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

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