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In the past, iron ore was mined on three iron ranges - the Cuyuna, Mesabi and Vermilion - and also in Fillmore County in southeastern Minnesota. Today, only the Mesabi Range still has iron ore/taconite mining taking place. Clay is mined in the Minnesota River Valley.
Much of Minnesota's geologic terrane is a continuation of the mineral-rich Canadian Shield of Ontario and Quebec, which has yielded gold, silver, zinc, copper, nickel, titanium, and other precious metals and base metals.
The Molpus Woodlands Group, a renowned timber supply, forest management, and real estate firm, is the largest private landowner in Minnesota, with 286,000 acres to its name. Although this company was established in 1996, its history goes back to 1905 when M. H. Henderson and Richard H.
The State of Minnesota is the largest single owner of mineral rights, controlling around 24% of all rights and managing these for the benefit of the permanent school and university trust funds and local taxing districts. The vast majority of minerals in the state, however, are owned by private parties.
Minnesota leads in iron ore production and is a major producer of construction and industrial sand and gravel and peat. It produces crushed stone, dimension stone, lime, and natural gemstones.