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Larry Lehtinen, Magnetation CEO

Magnetation picks Indiana site for new plant

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Magnetation will build its new iron ore pellet plant in Reynolds, Indiana, the firm announced today.

The plant will produce up to three million metric tons a year of high-quality iron ore pellets. Magnetation currently anticipates breaking ground during the first quarter of 2013. The plant is expected to become operational in late 2014 or early 2015 and employ approximately 100 to 120 people.

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