Hard rock café
Iron Ore Mines
1. Magnetation waste ore reclamation plantShow/hide details |
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Owner/developer |
Magnetation, LLC, Grand Rapids, Minn. |
Description |
Facility near Coleraine, Minn., will supply iron concentrate to a steel plant in Mexico and a Magnetation pellet plant in Indiana. |
Status |
Construction design; opening slated for early 2015 |
Capital Cost |
$300 million including pellet plant |
2. Essar taconite plantShow/hide details |
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Owner/developer |
Essar Group, India |
Description |
Open-pit mine and iron concentrating and pelletizing plant in Nashwauk, Minn., on site of disused taconite plant. |
Status |
Construction suspended |
Capital Cost |
$1.7 billion |
3. Gogebic Taconite MineShow/hide details |
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Owner/developer |
Cline Resource and Development, W.Va. |
Description |
Large open-pit iron mine and processing facility in Penokee Hills near Mellen, Wis. Would be the Badger State’s first active iron mine in 30 years. |
Status |
Conducting test drilling |
Capital Cost |
$1.5 billion |
Nonferrous Materials
4. NorthMetShow/hide details |
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Owner/developer |
PolyMet Mining, Canada |
Description |
Open-pit copper and nickel mine and processing plant near Hoyt Lakes, Minn. |
Status |
In environmental review |
Capital Cost |
$475 million |
5. Twin MetalsShow/hide details |
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Owner/developer |
Twin Metals Minnesota LLC |
Description |
Large underground copper and nickel mine southeast of Ely, Minn. Backed by Antofagasta PLC, a Chilean mining conglomerate. |
Status |
Prefeasibility drilling and assaying |
Capital Cost |
Up to $2 billion |
6. Eagle MineShow/hide details |
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Owner/developer |
Lundin Mining, Canada |
Description |
Underground mine 25 miles west of Marquette, Mich. Ore containing nickel, copper and precious metals would be trucked 65 miles to a former taconite facility for processing. |
Status |
Under construction, scheduled opening end of 2014 |
Capital Cost |
$725 million |
7. Copperwood MineShow/hide details |
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Owner/developer |
Highland Copper Co., Canada |
Description |
Copper and silver mine near the Porcupine Mountains in Gogebic County. Highland acquired the partially developed site from another firm this year and plans to bring it into production. |
Status |
“Shovel ready”; has received all major permits |
Capital Cost |
Undisclosed |
8. White Pine MineShow/hide details |
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Owner/developer |
Highland Copper Co., Canada |
Description |
Highland also recently purchased this former copper mine in neighboring Ontonagon County. The last operating copper mine in the U.P. before it closed in 1995. |
Status |
Exploratory drilling planned |
Capital Cost |
Undisclosed |
9. Back Forty ProjectShow/hide details |
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Owner/developer |
Aquila Resources, Canada |
Description |
Open-pit copper, zinc, gold and silver mine in Menominee County, Mich. |
Status |
Prefeasibility drilling and analysis |
Capital Cost |
$225 million |
10. Dewey Burdock MineShow/hide details |
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Owner/developer |
Powertech Uranium Corp., Canada |
Description |
In situ uranium mine near Edgemont, S.D., on southwestern flank of Black Hills. Backed by a Hong Kong-based investment group that recently merged with Powertech. |
Status |
Moving through permitting process |
Capital Cost |
$54 million |
11. Black Butte Copper MineShow/hide details |
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Owner/developer |
Tintina Resources, Canada |
Description |
Underground copper mine near White Sulphur Springs, Mont. Estimated production of 62 million pounds over 11-year mine life. |
Status |
Conducting exploratory drilling |
Capital Cost |
$230 million |
12. Butte Highlands Gold ProjectShow/hide details |
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Owner/developer |
ISR Capital, Idaho |
Description |
Underground gold mine 15 miles south of Butte, Mont., on a site that was first mined in the 1800s. |
Status |
Under construction, awaiting operating permit |
Capital Cost |
Undisclosed |
13. Montanore Silver-Copper ProjectShow/hide details |
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Owner/developer |
Mines Management, Washington State |
Description |
Mine south of Libby, Mont., containing an estimated 60 million lbs. of copper and 8 million oz. of silver. |
Status |
In environmental review; delays due to legal disputes |
Capital Cost |
Undisclosed |
Source: Mining firms, regulatory agencies and media reports
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