Posted on 12/22/2017 8:55:46 PM PST by ButThreeLeftsDo
The Trump administration has resurrected an effort to build the proposed Twin Metals copper-nickel mine in northeastern Minnesota.
Last December, the Obama administration declined to renew the long-standing leases that the company needs for the underground mine it wants to build near Ely. But an in opinion published Friday, a top attorney at the U.S. Interior Department concluded the Bureau of Land Management erred last year when it concluded that BLM had the power to grant or deny the lease renewals.
Minnesota Public Radio News reports the reversal means the BLM and the U.S. Forest Service must reconsider Twin Metals' 2012 lease renewal application.
(Excerpt) Read more at kstp.com ...
More winning.
Yep!
I am not tired of winning. In fact, I am now addicted to it.
That area up there-known as the Iron Range, etc, has the biggest deposit of float copper in the world.
Especially in the Copper Country of the UP Of Michigan.
I had to look up the term ‘float copper.’
Interesting.
I’m in Montana and we have some copper here...Butte, MT.
Different type of copper altogether.
Merry Christmas!
And a Happy New Years!
Butte a big copper producer at one time.
The reason they quit mining up in the copper country is the difficulty of removing it. A lot of that copper is over 90% pure and they had to manually chip it apart to send it up to the top.
I think the largest mass was over 27 tons found in one of the old mines up there. A couple years ago, they found about a 17 ton mass on top of the ground on some guys land and its now on display in China. Can you imagine? 17 tons of nearly pure copper? They found another mass under the water in a lake up there and that one is on display at Michigan Tech. I have talked to divers who have seen entire walls of pure copper under the surface in Lake Superior.
Its all float copper and it came from Canada via the ice age. Simpley bulldozed all that stuff to the south shore I guess.
Opponents (er, leftists) are already judge-shopping.
There is quite literally hundreds of trillions of dollars worth of resources below our feet, and Liberals constantly fight against using every one of them... while hyper-spening us into debt... and encouraging DC to grab ever-increasing amounts of lands from potential private ownership (while our population grows, particularly our illegal population, which they also encourage). It is beyond unconscionable.
At $3.23/pound (today's spot price), that 17 ton boulder is worth... $109,820... and that's only if it is nearly 100% pure.
Nice, but the cost of transporting it... or worse, dragging it up from the depths of Lake Michigan... have to make it almost not worth the effort.
Copper's most recent highs and lows:
In 2011, it was $4.42.
In 2001, it was $0.62.
In 1988, it was $1.99.
In 1971, it was $0.50
Lake Superior. Not Lake Michigan. Funny as hell. The shore of Lake Michigan is nearly all Limestone deposits. Yet just 80 miles north and to the west end of the UP, Its iron and copper and other rich minerals..gold, silver, zinc, etc.
On the Stoneington Peninsula, they have drilled and found oil. The water there is really sulferous and the guys that ran the thumper trucks back about 30 years ago said that there is oil under there. They found it, drilled it and capped it off and shut the hell up about it.
And you are right. The costs of digging that float copper out is not economical. Drives the mining companies nuts, I tell you.
I am gonna see if I can find the article about that mass of copper for you.
Here is a very poor article about it, but..
http://www.waymarking.com/waymarks/WMC7JD_Worlds_Largest_Glacial_Copper_282_Tons_Marquette_MI
WOW! Thanks for the info.
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