State lawmakers and Gov. Rick Snyder are poised to approve a new tax structure on metallic mining operations that could spur development of new mines — like the controversial Eagle Mine near Marquette — across the western Upper Peninsula. The state House of Representatives, on Nov. 29, approved legislation authorizing a 2.75 percent severance tax […]
Rio Tinto
Posted inBusiness Watch
Mines begin digging into U.P. free of key state tax
In September, after years of heated debate and legal battles, Kennecott Eagle Minerals began blasting into the ground at its controversial nickel mine near Marquette. The company, a subsidiary of London-based mining giant Rio Tinto, believes the Eagle mine will yield 300 million pounds of nickel and 250 million pounds of copper. Kennecott is one […]