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Inland Steel Signs Long-Term Contract with Minnesota Power.(Originated from Duluth News-Tribune, Minn.)
Knight Ridder/Tribune Business News, January, 1997 by Bloomquist, Lee
Jan. 28--Minnesota Power and Inland Steel Company's Minorca Mine in Virginia have reached agreement on an 11-year electrical contract, the second long-term contract Minnesota Power has signed with an Iron Range taconite producer in the last five months.
Formal announcement of the agreement is expected today.
Inland Steel had negotiated with the United Power Association about providing power to the taconite plant last year, but a proposal was rejected by the Minnesota Public Utilities Commission because the Minorca mine is within Minnesota Power's service territory.
The contract between Inland and Minnesota Power is similar to an 11-year agreement reached in September between the power company and U.S. Steel's Minntac Mine in...
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