Work Continues To Close Penokee Hills Mining Site


Work Continues To Close Penokee Hills Mining Site


While Project Has Been Abandoned, There's Still Work To Be Done...

Mining company Gogebic Taconite might no longer be pursuing plans to build a $1.5 billion iron ore mine in northern Wisconsin, but work is still being done at the proposed site. 

Wisconsin Department of Natural Resources hydrogeologist Larry Lynch said the mining company will begin sealing some holes where GTAC drilled core samples in February.

"You have to run a pipe to the bottom of the hole and fill the hole from bottom to top with cement," he said.

Lynch said the mining company is preparing roads to the site for bringing in drill rigs. He said they’d like the work completed this winter to cut back on environmental impacts.


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Ken Notes: The site was placed on hold due to economics not politics, or best use, or pressure from environmental groups. The permits, laws, and clear path to development are all still in place. Right now the site is money in the bank for Gogebic Taconite, worth hundreds of millions if the economy shifts again...

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- - Volume: 4 - WEEK: 6 Date: 2/1/2016 2:32:42 PM -