Jamestown, ND (KCSi-T.V. News May 13, 2013) — At the Monday May 13, 2013 Jamestown/Stutsman Development Corp. (JSDC) meeting, it was announced by CEO Connie Ova, that Carbontec Energy Corporation of Bismarck  plans to locate an iron smelting operation at Spiritwood.

Carbontec Energy Corp. Chairman John Simmons said the project is currently in the engineering phase with possible construction in 2014 and operations in 2015.

The plant will produce about 100,000 tons of iron nuggets each year.

The partners plan to break ground on the 80,000-square-foot plant during the first quarter of 2014.

The first phase of development will cost $60 million.

Simmons says the plant is expected to generate $50 million in annual revenue, which will include the sale of synthesis gas byproduct produced in the iron making process.

Simmons says the first phase of development is expected to bring 40 new jobs to the area, with a total of 75 new jobs after the second phase.

He adds they will be mid – to high level jobs, similar to those at a power plant and with similar pay scale. Total payroll will be about $2,000,000 per year

Simmons says the Spiritwood site was chosen because of its proximity to the main line of the BNSF Railway.

The plant will be connected to a large rail loop, allowing the delivery of the iron ore needed to make the nuggets and the shipment of the nuggets to eastern markets.

story from JSDC.  Read more at JSDC