# Mesabi Metallics invests $110M in Komatsu mining equipment for Minnesota mine

Mesabi Metallics has made a $110 million purchase of a new fleet of mining equipment from Komatsu, including 400-ton autonomous haul trucks, for its new mine and beneficiation plant in Nashwauk, Minnesota. The project is on track for completion in Q1 2026.

- Type: Investment
- Announced: 2025-08-22
- Where: Nashwauk, Minnesota, United States
- Value: $110.0M
- Starts operating: Q1 2026
- Status: under construction
- Products: iron ore, direct reduction grade pellets
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Mesabi Metallics Company LLC](https://endata.com/companies/85993.md)
- [Komatsu](https://endata.com/companies/15845.md) (supplier)
- [Road Machinery & Supplies Co.](https://endata.com/companies/18651.md) (partner)

## Sources

- [miningconnection.com](https://miningconnection.com/surface/news/article/mesabi_metallics_invests_110m_in_mining_equipment_for_its_new_mine_benefici), 2025-08-22: "Mesabi Metallics has made a $110 million purchase of an entirely new fleet of mining equipment from global heavy equipment leader Komatsu."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.