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Reserve estimate boosted 19 percent for proposed Twin Metals mine near Ely in NE Minnesota
MPLS Star Tribune ^ | 12/4/.12 | STEVE KARNOWSKI

Posted on 12/04/2012 2:23:58 PM PST by DManA

According to the new estimate, the site contains "indicated resources" of 13.7 billion pounds of copper, 4.4 billion pounds of nickel and 21.2 million ounces of palladium, platinum and gold. The company has high confidence in those estimates because they're based on samples from a high number of drill sites. It separately projects "inferred resources" of 11.8 billion pounds of copper, 4 billion pounds of nickel and 12.8 million ounces of precious metals, but those estimates are less certain because they're based on fewer samples.

(Excerpt) Read more at startribune.com ...


TOPICS: Business/Economy; News/Current Events; US: Minnesota
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To: Ernest_at_the_Beach; NormsRevenge; Carry_Okie; thackney; BOBTHENAILER; Grampa Dave; tubebender
Sorry, I just HAD to bring my new tagline to THIS thread!!!

Mrs Wasp and I are planning a trip to the boundary area early this coming summer. My mom and dad used to canoe all over that place when they were alive.

The EnvironMentalist will become so occupied protecting this place that they may drop their guard on a bunch of other places. Nah, I'm prolly dreamin in California... Phht!

21 posted on 12/04/2012 3:49:51 PM PST by SierraWasp (Blessed are they who prospect, dig & drill, for they are the primary producers of new, real wealth!!)
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To: Red Badger

Ambulance chasers, “wifebeater” chasers and endangered species wildlife conservation chasers... lawyers make their money that way. They will tax to their benefits everything they want. The government will approve the churches that finances its coffers.


22 posted on 12/04/2012 4:09:00 PM PST by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: cripplecreek

These taxes are probably illegal to begin with because most of that stuff gets exported. The Founding Fathers knew export/income taxes would breed treachery and the downfall of the country.


23 posted on 12/04/2012 4:10:43 PM PST by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: DManA

Mines Management has a similar one in Montana. It was initially claimed and drilled by one Co, and then subsequently got Wilderness status. MM sank a shaft into it from 2.5 miles away IIRC...


24 posted on 12/04/2012 4:46:05 PM PST by Axenolith (Government blows, and that which governs least, blows least...)
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To: cripplecreek
Here in Michigan they’re relaxing regulations and easing taxation on mining. There are massive metal deposits across Minnesota, Wisconsin, and Michigan.

China will pay a lot of (our) money for those mines...

25 posted on 12/04/2012 4:46:33 PM PST by Iscool (You mess with me, you mess with the WHOLE trailerpark...)
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To: cicero2k
I know Ely well from my travels in the Boundary Waters Canoe Area Wilderness. Beautiful country up there, but those places in the Iron Range have truly seen their better days.

Interesting tidbit: More than a third of the players from the 1980 U.S. Olympic hockey team were from northern Minnesota, including Bill Baker, Neal Broten, Dave Christian, John Harrington, Mark Pavelich, Buzz Schneider and Phil Verchota. That's probably one reason why the U.S. Hockey Hall of Fame is located in Eveleth, an old mining town in the Iron Range.

26 posted on 12/04/2012 6:57:09 PM PST by Alberta's Child ("I am the master of my fate ... I am the captain of my soul.")
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