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- Title
Merger in Minnesota approved; One stage toward development cleared, but permitting hurdles remain.
- Abstract
The article reports that the acquisition of Franconia Minerals Corp. by Duluth Metal has received stockholder approval. The deal is worth 75 million dollars. Duluth Antofagasta are attempting to mine the Twin Metals Minnesota (TMM) base metals/platinum group metals (PGM) project which contains copper, nickel, platinum, palladium, cobalt, gold and silver deposits, among others. The project benefited from the decision of Minnesota Governor Mark Dayton to sign a bill that will reduce the cost and time of environmental review and permitting.
- Subjects
MINNESOTA; FRANCONIA Minerals Corp.; DULUTH Metals Ltd.; ANTOFAGASTA PLC; MINES &; mineral resources; DAYTON, Mark, 1947-
- Publication
Mining Engineering, 2011, Vol 63, Issue 4, p20
- ISSN
0026-5187
- Publication type
Article