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You'll gain real-world insights into how economics impacts your daily life with this easy-to-follow online course. This crash course is based on the acclaimed textbook Economy, Society, and Public Policy by CORE Econ, tailored to help you grasp key concepts without feeling overwhelmed.

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Bob Kelleher

Projects in the pipeline for the Iron Range

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Proposed PolyMet site
A graphic illustrating the proposed PolyMet mining pit.
Image courtesy of PolyMet

POLYMET MINING, HOYT LAKES

Project: Copper/nickel open pit mining, with smaller amounts of platinum group metals. Located on former LTV mining property.

Cost: $235 to $250 million.

Timeline: Envrionmental Impact Statement complete June 2007. Construction soon after. Production early 2009.

Construction jobs: Unknown.

Permanent jobs: 450, for 20 years or more.

----------------------------------------------------

MESABI NUGGET, AURORA

Project: Produce nuggets with high iron content for electric arc furnaces. Located on former LTV mining property.

Cost:$172.2 million.

Timeline:Construction begins late this summer, when financing is in place. Production early 2008.

Construction jobs: 400.

Permanent jobs: 50.

-----------------------------------------------------------------------------------------------

MINNESOTA STEEL INDUSTRIES, NASHWAUK

Project: Taconite mine; taconite processing plant; electric arc furnace; and steel plant. Located on former Butler Mining property.

Cost: $1.6 billion.

Timeline: EIS decision end of 2006; phase 1 construction 2007-2008.

Construction jobs: 2,000.

Permanent jobs: 700 at completion of phase 2 in 2011, and 2,100 spinoff jobs in related industries.

-----------------------------------------------------------------------------------------------

EXCELSIOR ENERGY, TACONITE

Project: Coal gasification electric power generation plant.

Timeline: Public Utilities Commission makes decision on cost-effectiveness of project in August 2006.

Construction jobs: 1,000 on-site for 42 months; 3,000 total construction jobs.

Permanent jobs: 100 to 150 jobs with first unit; eventually three units planned.

-----------------------------------------------------------------------------------------------

BIRCH LAKE PROJECT, BABBITT

Project: Underground copper, zinc and precious metals mine.

Timeline: EIS decision end of 2008; construction would follow. Production in 2010.

Construction jobs: Unknown.

Permanent jobs: 250.

-----------------------------------------------------------------------------------------------

THUNDERHAWK PROJECT, UPM-BLANDIN PAPER, GRAND RAPIDS

Project: New paper machine, which will nearly double production capacity.

Cost: $654 million.

Timeline: Draft EIS complete; Decision to proceed still pending. Construction in late 2006. Production by 2009.

Construction jobs: 506.

Permanent jobs: 23.

----------------------------------------------------------------------------------------------

NOVA NEUTRINO DETECTOR, ASH RIVER TRAIL, ORR-BUYCK REGION

Project: A second high-energy neutrino detector (in addition to the underground detector in Soudan).

Value: $197 million to $248 million

Timeline: Construction possible this fall.

Construction jobs: Unknown.

Permanent jobs: Unknown.

----------------------------------------------------------------------------------------------

LAURENTIAN ENERGY AUTHORITY BIOMASS PROJECT, HIBBING AND VIRGINIA

Project: Biomass energy project to Convert coal-fired power plants in Hibbing and Virginia to wood-fired; establish continuing source of jobs providing wood from slash, forest and brush thinning; plantations.

Cost: $80 million.

Permanent Jobs: Saves 71 jobs; creates 65-100 new jobs.

Timeline: Construction approved and underway. Will be online in January 2007.

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Proposed PolyMet site
A graphic illustrating the proposed PolyMet mining pit.
Image courtesy of PolyMet

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