Good for Minnesota’s Economy

miners

The reasons to support copper-nickel mining are substantial. Just ask the thousands of Minnesotans who will find jobs or the schools that will receive billions in funding. Mining will create significant and sustainable economic growth and stability to Minnesota communities and our entire state.

With an estimated 4 billion tons of copper, nickel and precious metals in Minnesota, mining will provide financial benefits for generations to come.

Economic impact at a glance:

  • Thousands of family-sustaining Minnesota jobs for decades to come
  • Millions of hours of construction trades and labor jobs
  • More than $2 billion for the Minnesota Permanent School Trust Fund, providing funds for every school district in Minnesota
  • Tens of millions of dollars in local and state tax revenues annually

Projections, based on current planned projects, provided by University of Minnesota Duluth Labovitz School of Business and Economics and Minnesota DNR.

Download full report from the University.

 

A Welcome Opportunity

“The Mining Minnesota effort is a welcome opportunity for Minnesota communities such as Hoyt Lakes and Babbitt in the region. The initiative will give people understanding about this new type of mining, as well as how modern mining is done. This gives Minnesota an opportunity to serve as a template globally for sustainable, ethical mining practices. The economic growth and job potential is as optimistic an outlook as this area has had in some time.”

— Sen. Tom Bakk, (DFL-Cook)
Senate district includes the Arrowhead region of northeastern Minnesota.

Benefiting Communities

Mining companies and related industries give back in a big way. From helping fund new college programs to improving baseball fields, the benefits of copper-nickel mining extend beyond jobs and taxes. Communities benefit from hundreds of thousands of dollars each year in charitable giving.

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