Giant mine near Ely would be 'like an underground city'

Twin Metals wants to build the largest mine in Minnesota history -- a project on par with the biggest mines in the world -- to tap into what geologists say are enormous metal deposits. The Duluth News Tribune says it would be among the most extensive private enterprises in state history.
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Twin Metals wants to build the largest mine in Minnesota history -- a project on par with the biggest mines in the world -- to tap into what geologists say are enormous metal deposits. The Duluth News Tribune says it would be among the most extensive private enterprises in state history.

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New estimates of precious metals near Ely could surpass $100 billion

A mining company exploring copper and nickel deposits southeast of Ely will update its estimate later this month. Twin Metals has drilled more than 400 holes as it puts together a picture of the deposits. One industry expert tells MPR it's already clear there's enough precious metal to keep mines busy for 60 years. The debate over whether to issue environmental permits is in the early stages, though, and any mines are still years away.

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