Friday, March 30, 2012

Twin Metals Babbitt-Ely area mine project takes steps forward

Twin Metals formally announced Thursday that it has instructed its engineering contractor to draw up plans for an 80,000-ton-per-day mine and processing plant -- an operation that would be one of the largest private enterprises in state history.

It would be the largest underground mine in Minnesota history, digging the largest untapped copper deposit in the world, and it’s edging closer to reality in the woods southeast of Ely.
Twin Metals is in the field this spring collecting baseline environmental data across 32,000 acres the company has secured access to under which geologists say is a jackpot discovery of copper.

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