Twin Metals Minnesota

(credit: AIZAR RALDES/AFP/Getty Images)

Major Partner Won’t Expand Stake In Mine Near Ely

A major partner has given up the right to take a bigger stake in a proposed copper-nickel mine near Ely in northeastern Minnesota. Chilean-based mining company Antofagasta PLC said Thursday it has terminated its option to buy another 25 percent of Twin Metals Minnesota. The announcement says Toronto-based Duluth Metals Ltd. is now assuming control of the joint venture.

07/03/2014

(credit: Jupiter Images)

Projections Boosted For Copper Mine Near Ely

The company planning a copper-nickel mine near Ely has boosted its estimates of how much metal it’s sitting on.

06/13/2012

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