Banovetz, former Reserve Mining president, dies at 84

July 25, 2013 at 5:50 am in Lake County News-Chronicle

The man who served as Reserve Mining Company’s last president before its 1986 bankruptcy and who handled its response to a federal environmental lawsuit over the disposal of taconite tailings into Lake Superior has died.
Matthew R. Banovetz, who was Reserve’s president from 1981 to 1986, died Tuesday in his suburban St. Paul home from cancer. He was 84. He formerly resided in Babbitt and Silver Bay. Continue Reading