Saturday, March 31, 2012

Twin Metals Mining Project - Babbitt, Minnesota

A new mining project appears to be heading for the Babbitt and northeast range area of Minnesota. Indications  are that the mine entrance could potentially be located close to Babbitt and that it provides advantages due to being in the St. Louis/Superior watershed. The local area capital investment is estimated to be between 2-3$ Billion with up to 1,000 employees depending on how operations pan out. This will be huge for economic development in Northeast Minnesota and provide needed employment for many.

Located in northern Minnesota, Twin Metals Minnesota’s 32,000 acres of property interests are roughly 10 miles to the east of Babbitt, Minn. and about 15 miles to the southeast of Ely, Minn. Within this area are four NI 43-101 compliant mineral deposits: Nokomis, Maturi, Spruce Road and Birch Lake.

A mining project of this magnitude is brought to life through a multi-year systematic process involving multiple public, private and local, state and federal government stakeholders. After the strategic metals deposits were better defined by Duluth Metals Limited, the company formed a partnership with Antofagasta PLC, and together they founded Twin Metals Minnesota LLC in January 2010.

For More Information And Maps Visit The Following Links:

Twin Metals - Inside The Project

Duluth Complex Mineral Deposits (Polymet Website) 

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