The Twin Metals Minnesota proposed underground mine project has the potential to be one of the world’s largest and lowest-cost sources of copper, nickel and platinum group metals for up to a century. Twin Metals Minnesota is fully committed to making a long-term investment in Minnesota.
Twin Metals Minnesota is already having a significant impact on job creation and economic development in Minnesota. To date, more than $150 million has been invested in exploration and project development activities, supporting more than 160 direct and consultant/contractor jobs, and additional spin-off jobs and economic activity. It is anticipated that more than $2 billion will be invested in the project – all from private sources – prior to the mine being operational.
According to a 2009 University of Minnesota Duluth study, mining activities in Minnesota generated more than $148 million in state tax revenues in 2008 (most recent data available). The Twin Metals Minnesota project will not only add millions to state and local taxes, but will provide a significant boost to the Iron Range’s regional economy.
Providing Minnesota Jobs for Generations
Once operational, the Twin Metals Minnesota project will provide hundreds, potentially thousands, of long-term, well-paying jobs to Minnesotans for generations. In 2009, the University of Minnesota-Duluth found that more than 12,000 construction jobs and 5,000 long-term mining jobs will be created in Minnesota if all strategic metals mining projects currently under study move forward and become operational. In addition, the Twin Metals Minnesota project will produce a significant amount of spin-off economic development, including up to 2.6 indirect jobs for every direct job provided, in areas such as supplier/vendor businesses, retail activity, restaurants and manufacturing businesses, among others.
Twin Metals Minnesota will provide a wide variety of jobs to Minnesotans including: geologists, engineers, carpenters, safety inspectors, mine designers, mapping experts, mechanics, electricians, miners, truck drivers, driller, IT professionals, business administration as well as many others.
