ESML Holdings Inc.

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Case Number:

1:16-bk-11626

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

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March 16, 2017
Essar Steel Ch. 11 Disclosure Approved Despite Bid Qualms

Last-minute changes to Essar Steel's proposed bankruptcy disclosure prompted fresh criticisms of the Minnesota mine and mill venture's Chapter 11 plan on Wednesday, and new warnings of possible future opposition to the more than $2 billion reorganization itself.
March 15, 2017
Essar Amends Ch. 11 Plan, Disclosure Ahead Of Hearing

Essar Steel Minnesota LLC filed an amended Chapter 11 disclosure and $2 billion draft reorganization plan in Delaware bankruptcy court late Tuesday, reworked in part to reflect unresolved lender doubts and disputes with Minnesota's state government over crucial mining rights.
March 14, 2017
Essar OKs $33M Bankruptcy Claim To Settle Contract Fight

Chapter 11 debtor Essar Steel Minnesota LLC asked a Delaware bankruptcy court Monday to allow a $33 million proof of claim that will settle a long-running contract dispute with a natural gas transporter, saying that the deal "obviates the need for protracted litigation."
March 13, 2017
Bankrupt Essar Steel Algoma Sues Coal Supplier

Canadian steelmaker Essar Steel Algoma Inc. said Friday that its coal supplier breached its contracts with the Chapter 15 debtor by sending it less product than required, some of it poor quality, and forcing Algoma to spend more than $13 million seeking coal from third parties.
February 24, 2017
Essar Steel Seeks Approval Of Union Deals For Minn. Plant

Bankrupt iron ore mining firm Essar Steel Minnesota LLC asked a Delaware judge Friday to authorize the company to enter into agreements with the United Steelworkers aimed at stabilizing labor relations as Essar moves forward with plans to complete construction of a mine and processing facility.
February 14, 2017
Essar Steel, Minn. To Talk Timing Of Lease Objection Hearing

Essar Steel Minnesota LLC and the Minnesota Department of Natural Resources agreed to discuss scheduling for hearings on the agency’s opposition to Essar’s plan to assume mineral rights leases in its Chapter 11 reorganization plan after a Delaware judge urged both sides to continue talks Tuesday.
February 09, 2017
Minn. Objects To Essar's Ch. 11 Plan Over Mineral Leases

Minnesota’s Department of Natural Resources objected Wednesday in Delaware to the Chapter 11 plan of Essar Steel Minnesota LLC, saying the company’s plan to assume mineral rights leases shouldn’t fly because Essar hasn’t performed under the terms of those leases and has no hope to in the near future.
February 03, 2017
Minn. Mine Owners Say Public Leases Key To New Ch. 11 Plan

A bankrupt Minnesota iron ore mine-and-mill venture told the Delaware bankruptcy court Thursday it would pay "enhanced" Chapter 11 recoveries to project contractors and mechanics' lienholders if state officials agree to keep public land mineral leases in effect after reorganization of the $1.9 billion project.
January 11, 2017
Essar Global Facing $1B Suit From Essar Steel In Ch. 11

Essar Steel Minnesota LLC on Wednesday filed a lawsuit in its Delaware bankruptcy case seeking $1 billion in damages from Essar Global Fund Ltd., claiming that the parent company failed to financially back the subsidiary's now-delayed iron ore plant.
December 13, 2016
Essar Mine Renamed In Ch. 11, Still Faces $1B Debt Digout

Bankrupt Essar Steel Minnesota LLC won a Delaware bankruptcy court's approval Monday to rename itself Mesabi Metallics Co. LLC, but by any label it still faces a mountain of more than $1.1 billion in debt and reams of lawsuits in its Chapter 11 reorganization efforts.