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Mining in Minnesota

Mining in Minnesota. Commissioner Tony Sertich April 17, 2012 2012 SME – Minnesota Section Conference. Over 120 Years of Mining in Minnesota 85 th Annual Meeting of the SME Minnesota Section 73 rd Annual University of Minnesota Mining Symposium. Mining in Minnesota Over 120 Years.

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Mining in Minnesota

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  1. Mining in Minnesota Commissioner Tony Sertich April 17, 2012 2012 SME – Minnesota Section Conference

  2. Over 120 Years of Mining in Minnesota 85th Annual Meeting of the SME Minnesota Section 73rd Annual University of Minnesota Mining Symposium

  3. Mining in Minnesota Over 120 Years

  4. Mining in Minnesota Over 120 Years

  5. History of iron ore productionNatural ore followed by taconite

  6. Mining in minnesotaTaconite

  7. Mining in minnesotataconite

  8. Mining in minnesotaTaconite

  9. Mining in minnesotaTaconite

  10. Mining in minnesotaTaconite

  11. Mining in minnesotaTaconite

  12. Annual Economic Impact of Mining $3.1 billion Resource: Labovitz School of Business and Economics, Bureau of Business and Economic Research 2007 - The Economic Impact of Ferrous and Non‐Ferrous Mining on the State of Minnesota, and on the Arrowhead Region and Douglas County, WI

  13. Mining in minnesotaTaconite

  14. Mining in minnesotaTaconite

  15. Mining in minnesotaTaconite

  16. Mining Employment & Wages 4,215 Employees (Direct) 13,000 Employees (Spinoff) $100,000 Average Wage & Benefits

  17. 2011 Mining Impacts – state • Production tax $79,138,000 • Royalty payments $34,274,039 • School Trust Royalty Income $20,969,968 • University Trust Royalty Income $12,526,491 • Tax Forfeit Royalty Income $388,927

  18. 2011 Mining Impacts – region $79,138,000

  19. Taconite Production History

  20. Taconite Companies

  21. We welcomeour new neighbors

  22. Our future neighbors Cardero Iron Ore Duluth Metals – Twin Metals Encampment Minerals Kennecott Exploration Lehmann Exploration Minerals Processing Corp PolyMet Prime Meridian Resources Teck Vermillion Gold Western Metals

  23. Dayton Administration Accomplishments • Executive Orders were issued to evaluate, recommend improvements and expedite state environmental review and permitting processes. • Permitting agencies are publishing efficiency reports. • Mining Subcabinet created to ensure mining projects are on-track, timely and coordinated. • Mining Coordinator Position established to serve as a first point of contact for mining projects. • 2012 Legislative Session. Implemented additional permitting reforms, as well as a pilot program for an alternative form of environmental review.

  24. permitTing progress

  25. Commissioner Tony Sertich T.Sertich@state.mn.us Thank You

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