Monthly Archives: July 2014

Major Twin Metals Partner Declines To Increase Stake in Project

Major Twin Metals Partner Declines To Increase Stake in Project

Mine proposal near the Boundary Waters loses significant source of funding. Chilean mining company Antofagasta PLC has declined an opportunity to take a bigger financial stake in the Twin Metals project near Ely, MN. The move means the company—which has invested more than $200 million in the joint venture so far—will pass up the chance for a controlling stake in the project, and operations will revert to junior mining company Duluth Metals.

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