 A bankruptcy court has cleared the way for Iron Range mining company Magnetation to shut down its remaining operations. The court on Thursday approved a motion to wind down the company and terminate its pellet purchase agreement with Axe Steel. The company says its focus is now shifting to shutting down its iron ore concentrate plant in Grand Rapids and its pellet plant in Reynolds, Indiana. If you've enjoyed this segment of Lakeland news, please consider making a tax-deductible contribution to Lakeland Public Television.