"Where Fillmore County News Comes First"
Online Edition
Tuesday, May 21st, 2013
Volume ∞ Issue ∞
- 5:56:33, May 18th 2013 - modgudur - I guess the child is anti-gun control since Obama went to all that trouble ... [Read More]
- 9:27:41, May 16th 2013 - caal girl - Nice outfit on you. I loved some of the dresses but am holding my breath ... [Read More]
- 2:03:34, May 14th 2013 - - Thanks for sharing the trip with us! ... [Read More]
- 4:12:01, May 9th 2013 - Amanda Ziebell - Wow! Thanks to the Fillmore County Journal for this kind story. For a ... [Read More]
- 11:47:30, May 7th 2013 - EW - ramble.....ramble.....ramble..... ... [Read More]
- 10:25:25, May 7th 2013 - Thunder6 - Great article! I love to see the Youth of Fillmore County receiveing acco ... [Read More]
- 6:52:10, May 6th 2013 - Jason Sethre, Publisher of Fillmore County Journal & Olmsted County Journal - Maryh, ... [Read More]
- 7:29:56, May 5th 2013 - maryh - Where are OCJ's available for pickup...other than at the new office? ... [Read More]
- 2:41:47, May 3rd 2013 - Remark1976 - Mrs. Buckbee, I just looked up Senate File 796 and in it there are said p ... [Read More]
- 2:22:20, May 3rd 2013 - Remark1976 - Mrs. Buckbee, how do you come up with $1.1 billion that trout fishing bri ... [Read More]
29
How will you keep your kids busy this summer vacation?
Executive Council approves new mining lease on Mesabi Range
Wed, Mar 6th, 2013
Posted in All State of Minnesota
Posted in All State of Minnesota
Comments
An iron ore mining lease near Coleraine, Minn., that could bring between $50 million and $220 million to the state’s Permanent School Trust Fund during the life of the mine was unanimously approved today by Minnesota Executive Council.
The leasing company, Magnetation LLC, is based in Grand Rapids, Minn. The proposed mining project is in an area generally known as the Cushing and Buckeye Reserve, on the west end of the Mesabi Range.
Members of the Executive Council present today include Gov. Mark Dayton, Secretary of State Mark Ritchie, Attorney General Lori Swanson and Auditor Rebecca Otto. The Minnesota Department of Natural Resources (DNR) makes recommendations on mineral leases to the Executive Council, which is charged with approving them.
No private land surface owners are affected by this proposal. Surface ownership is currently held by the state as school trust lands, with a small amount of county tax-forfeited land. Magnetation also has surface ownership of nearby properties, as well as some private mineral ownership. The project is adjacent to the inactive Canisteo mine.
Revenue generated from school trust lands is credited to the Permanent School Trust Fund. Interest and dividends from the fund are transferred twice a year to all school districts of the state. Mineral royalties from school trust lands are the largest contributor to the Permanent School Trust Fund, which has received record contributions in recent years due to increased mineral revenue.
Approval of the Cushing/Buckeye Reserve mineral lease is the first step in development of the proposed iron ore mine. Prior to starting a new mine, certain aspects of the proposed project will undergo a thorough process of environmental review and permitting to ensure that all state-required environment safeguards are in place.
The company plans to develop its comprehensive project plan within the next five years.
The DNR is working with local organizations and citizens on possible displacement of facilities due to the proposed mining project. The mining site has a number of surface leases for things such as ski, bike and snowmobile trails and a gun club. DNR staff is working with local groups to find viable locations for the trails and facilities. The current and future locations of the trails and facilities could also be considered in the environmental review of the project.
On Feb. 14, DNR staff presented the proposed mining lease to the Western Mesabi Range Planning Board, which is made up of primarily local mayors and county officials. An outcome of the meeting was exclusion of a key parcel from the project to preserve a community ski hill and jump.
Minnesota holds mineral rights on about 12 million acres in the state. These mineral rights have been acquired through federal grants, tax forfeitures, mineral forfeitures and exchanges.
To learn more about mining and school trust lands, visit the DNR’s Lands and Minerals website at www.dnr.state.mn.us/lands_minerals/index.html.
The leasing company, Magnetation LLC, is based in Grand Rapids, Minn. The proposed mining project is in an area generally known as the Cushing and Buckeye Reserve, on the west end of the Mesabi Range.
Members of the Executive Council present today include Gov. Mark Dayton, Secretary of State Mark Ritchie, Attorney General Lori Swanson and Auditor Rebecca Otto. The Minnesota Department of Natural Resources (DNR) makes recommendations on mineral leases to the Executive Council, which is charged with approving them.
No private land surface owners are affected by this proposal. Surface ownership is currently held by the state as school trust lands, with a small amount of county tax-forfeited land. Magnetation also has surface ownership of nearby properties, as well as some private mineral ownership. The project is adjacent to the inactive Canisteo mine.
Revenue generated from school trust lands is credited to the Permanent School Trust Fund. Interest and dividends from the fund are transferred twice a year to all school districts of the state. Mineral royalties from school trust lands are the largest contributor to the Permanent School Trust Fund, which has received record contributions in recent years due to increased mineral revenue.
Approval of the Cushing/Buckeye Reserve mineral lease is the first step in development of the proposed iron ore mine. Prior to starting a new mine, certain aspects of the proposed project will undergo a thorough process of environmental review and permitting to ensure that all state-required environment safeguards are in place.
The company plans to develop its comprehensive project plan within the next five years.
The DNR is working with local organizations and citizens on possible displacement of facilities due to the proposed mining project. The mining site has a number of surface leases for things such as ski, bike and snowmobile trails and a gun club. DNR staff is working with local groups to find viable locations for the trails and facilities. The current and future locations of the trails and facilities could also be considered in the environmental review of the project.
On Feb. 14, DNR staff presented the proposed mining lease to the Western Mesabi Range Planning Board, which is made up of primarily local mayors and county officials. An outcome of the meeting was exclusion of a key parcel from the project to preserve a community ski hill and jump.
Minnesota holds mineral rights on about 12 million acres in the state. These mineral rights have been acquired through federal grants, tax forfeitures, mineral forfeitures and exchanges.
To learn more about mining and school trust lands, visit the DNR’s Lands and Minerals website at www.dnr.state.mn.us/lands_minerals/index.html.
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