Magnetation LLC Announces Second Quarter 2013 Results of Operations Release Date and Conference Call

GRAND RAPIDS, Minn., July 23, 2013 /PRNewswire/ -- Magnetation LLC ("Magnetation") announced that it will hold a conference call on Wednesday, August 14, 2013, at 10:00 a.m. Central Time to discuss financial results for the three and six months ended June 30, 2013. The second quarter and year-to-date financial results will be available on magnetation.org/portal no later than August 9, 2013.

To access the financial results and login information for the conference call, a party must pre-register and certify that it is eligible for such access. Pursuant to the indenture dated May 20, 2013 among Magnetation, Mag Finance Corp., as Co-Issuer, and Wells Fargo Bank, National Association, as Trustee and Collateral Agent, relating to the 11.0% Senior Secured Notes due 2018 (the "Notes"), access to the financial results and conference call will be available only to the following:

a)      the Trustee;
b)      registered holders of the Notes;
c)      beneficial owners of the Notes;
d)      prospective purchasers of the Notes who have certified to Magnetation that they are "qualified institutional buyers" as defined by Rule 144A of the Securities Act or "non-U.S. persons" as defined by Regulation S of the Securities Act;
e)      securities analysts who cover or intend to cover Magnetation and the Notes; and
f)       market makers who make or intend to make a market in the Notes.

If you meet one or more of the criteria set forth above and would like to access, but have not yet been granted access to magnetation.org/portal, please contact Joe Broking, Chief Financial Officer prior to the close of business on August 7, 2013.

Magnetation LLC:

Magnetation LLC is a joint venture between Magnetation, Inc. (50.1% owner) and AK Steel Corporation (49.9% owner).  Magnetation LLC reclaims high-quality iron ore concentrate from previously abandoned iron ore waste stockpiles and tailings basins.  Currently, Magnetation LLC owns and operates two reclamation plants located in Keewatin, MN and Taconite, MN.  Magnetation LLC is constructing a 3 million metric tonne per year iron ore pellet plant in Reynolds, Indiana and an additional concentrate reclamation plant located northwest of Coleraine, MN.  Additional information about the company is available at www.magnetation.com.

SOURCE Magnetation LLC



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