It’s boom time for mines on the Range
July 18, 2012 at 7:00 pm in Duluth News Tribune
Minnesota’s iron mining industry last year posted its highest employment and wages paid in more than a decade, a clear sign of recovery from a disastrous 2009 when all six of the state’s taconite plants shut down for a time.
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… and when the next BUST comes, we’ll be reading about how the economy needs to be diversified. What has the IRRRB really done to diversify the regional economy? Nil.
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Hey DNT. That is a story begging to be written.
What exactly have the people of N.Mn gotten for the hundreds of millions “invested” by the IRRRB in our name?
A nice ski hill to compete with privately owned Lutsen I know that.
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I hope northern Minnesota is ready for the mining industry because it’s going to get a lot bigger like it or not as we turn into a key supplier of raw materials for manufacturing in China. The state is sitting on one of the largest copper and nickel reserves in the world just south of the Boundary Waters between Ely and Hoyt Lakes.
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Good news for The Range — but hardly boom times. Reading to the end of the story, we see that employment is far down from peak levels. And the final paragraph is ominous. Yet a continuously growing iron industry with value-added products, diversification into non-ferrous mining, allowing the logging industry to recover, and a return to the tourism business that was taken from us beginning in the 60s would bring the sustaining economic strength this area deserves.
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I suppose Cravaack thinks its all his doing and his head is so swollen he can float in the Thanksgiving day parade! I agree with Dale, with China booming with all of our companies there is a higher need for raw materials. So don’t thank Cravaack thank Mitt Romney! LOL!
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