mining in minnesota
DESCRIPTION
Mining in Minnesota. Commissioner Tony Sertich April 17, 2012 2012 SME – Minnesota Section Conference. Over 120 Years of Mining in Minnesota 85 th Annual Meeting of the SME Minnesota Section 73 rd Annual University of Minnesota Mining Symposium. Mining in Minnesota Over 120 Years. - PowerPoint PPT PresentationTRANSCRIPT
Commissioner Tony Sertich
April 17, 2012
2012 SME – Minnesota Section Conference
MINING IN MINNESOTA
Over 120 Years of Mining in Minnesota85th Annual Meeting of the SME Minnesota Section
73rd Annual University of Minnesota Mining Symposium
MINING IN MINNESOTA OVER 120 YEARS
MINING IN MINNESOTA OVER 120 YEARS
HISTORY OF IRON ORE PRODUCTIONNATURAL ORE FOLLOWED BY TACONITE
189018951902190919161923193019371944195119581965197219791986199320002009
01020304050607080
Mill
ion
Gro
ss T
ons
MINING IN MINNESOTATACONITE
MINING IN MINNESOTATACONITE
MINING IN MINNESOTATACONITE
MINING IN MINNESOTATACONITE
MINING IN MINNESOTATACONITE
MINING IN MINNESOTATACONITE
ANNUAL ECONOMIC IMPACT OF MINING
$3.1 billionResource: Labovitz School of Business and Economics, Bureau of Business and Economic Research 2007 - The Economic Impact of
Ferrous and Non‐Ferrous Mining on the State of Minnesota, and on the Arrowhead Region and Douglas County, WI
MINING IN MINNESOTATACONITE
MINING IN MINNESOTATACONITE
MINING IN MINNESOTATACONITE
MINING EMPLOYMENT & WAGES
4,215 Employees (Direct)
13,000 Employees (Spinoff)
$100,000 Average Wage & Benefits
2011 MINING IMPACTS – STATE
• Production tax $79,138,000
• Royalty payments $34,274,039
• School Trust Royalty Income$20,969,968
• University Trust Royalty Income $12,526,491
• Tax Forfeit Royalty Income $388,927
Cities & Townships; $10,040,153
School Districts; $17,094,176
Counties; $13,304,905Property Tax Relief;
$11,846,794
IRRRB; $17,007,197
Mining Rebate; $9,673,605
Other; $171,170
Taconite Production Tax – 2011 Distribution
2011 MINING IMPACTS – REGION $79,138,000
TACONITE PRODUCTION HISTORY19
50-5
4
1960
-61
1963
1965
1967
1969
1971
1973
1975
1977
1979
1981
1983
1985
1987
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
2011
0
10,000
20,000
30,000
40,000
50,000
60,000
Production Tons(000’s)
WE WELCOMEOUR NEW NEIGHBORS
Cardero Iron OreDuluth Metals – Twin
MetalsEncampment MineralsKennecott ExplorationLehmann Exploration
Minerals Processing CorpPolyMet
Prime Meridian ResourcesTeck
Vermillion GoldWestern Metals
OUR FUTURE NEIGHBORS
DAYTON ADMINISTRATION ACCOMPLISHMENTS
• Executive Orders were issued to evaluate, recommend improvements and expedite state environmental review and permitting processes.
• Permitting agencies are publishing efficiency reports.
• Mining Subcabinet created to ensure mining projects are on-track, timely and coordinated.
• Mining Coordinator Position established to serve as a first point of contact for mining projects.
• 2012 Legislative Session. Implemented additional permitting reforms, as well as a pilot program for an alternative form of environmental review.
Company Project Year Permit IssuedArcelorMittal New Taconite Mine Pit 2007
Essar Steel New Taconite Mine, Taconite Process Plant & Steel Mill 2007
Mesabi Nugget Pig Iron Nugget Plant 2007
Magnetation Plant #1 to reprocess old iron ore tailings near Keewatin 2008
Teck American 1400 ton bulk sample Cu+Ni+PGM 2008
Cooperative Mineral Resources Manganese Ore bulk sample near Emily 2010
Magnetation Plant #2 to reprocess old iron ore tailings near Taconite 2010
United Taconite Processing plant expansion 2010
Mesabi Nugget New Taconite Mine to feed Mesabi Nugget EIS In Progress
PolyMet New Cu+Ni+PGM Open Pit Mine and re-use of former taconite mill and tailings facility
Supplemental Draft EIS being written.
US Steel Keewatin Significant Expansion of Keewatin Taconite facility 2011
Magnetation Expansion of iron ore tailings reprocessing in Plant 1 2011
Magnetation/AK Steel Corporation Plant #4 to reprocess old iron ore tailings near Coleraine and proposed pellet plant
Application submittal pending
Mining Resources /Magnetation Plant #3 to reprocess old iron ore tailings near Chisholm 2011
Essar Steel Minnesota Pellet Plant expansion Air permit issued pending federal review period
PERMITTING PROGRESS
