Study Shows Twin Metals Mine Economically FeasibleThe majority owner of the proposed Twin Metals copper-nickel mine in northeastern Minnesota says a study shows the project would be economically competitive.
Major Partner Won't Expand Stake In Mine Near ElyA 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.
Study For Proposed Twin Metals Mine Due Mid-2014 The parent company for the proposed Twin Metals copper-nickel mine near Ely expects to reach a key milestone in the coming months. Duluth Metals Limited says its "pre-feasibility" study is progressing well and is scheduled for completion by mid-year.
3 Companies Bid In Minn. Mineral Rights AuctionThree companies have submitted bids for the right to explore and mine for copper, nickel and other metals in Minnesota's latest mineral rights auction.