Posted in | News | Ferrous Alloys and Metals | Business | Iron and Steel | Mining

Companies Vying for Rights to Mine Bethlehem Steel’s Slag Deposits

Jul 14 2003

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ISG, the company who purchased bankrupt Bethlehem Steel have been caught a little by surprise with submissions to for rights to mine the old Bethlehem Steel dumping grounds.

The site in question is a 1200 acre location surrounding the city of Johnstown (Pennsylvania, USA). It contains a wealth of ferromanganese, estimated at up to $200 million. Ferromanganese is a steel additive used for hardening. However the ferromanganese is tied up in approximately 11 million tons of slag generated by the Bethlehem plant over the years.

ISG has not revealed the identities of the companies vying for mining rights, except to say one they are from Australia and South Africa.

They are looking at the proposals and reviewing the alternatives, with an eye to disposing of the property in the very near future, which is consistent with their corporate strategy.

For more information on slag, click here.

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