by Beth Bily, Business North
Stock, who replaced Madhu Vuppuluri in July, addressed the Nashwauk City Council Tuesday in an attempt to assure locals that the company does, indeed, have a path forward.
Stock’s company has been under Chapter 11 bankruptcy protection since July of this year. Essar, which proposes a taconite mining and processing facility at the former Butler Taconite Mine near Nashwauk, has faced numerous work stoppages due non-payment to contractors as well as other factors. The half-built project has been under construction for nearly a decade.