Silver Boom Prompts Idaho Mine Expansion
January 2011 by Associated PressThe Lucky Friday is already one of North America’s deepest hard-rock mines. Now, the 62-year-old mine is about to get much deeper.
Casperson said he is not worried about businesses subverting the language in the bill because the DEQ would still have the authority to halt the new construction if it is deemed environmentally unsound.
Arizona-based International Silver Inc. is proposing an underground silver and zinc mine in Montana and has asked Butte-Silver Bow County to lease them the surface and mineral rights to hundreds of acres.
In the simplest sense, drills can be divided by their mode of action—percussion, rotary or a mixture of the two.
The $800 million project will provide 300 jobs during production. It will be the only US mine where nickel is the primary targeted mineral, with about 360 million pounds to be extracted.
For more than 40 years, iron ore prices have been decided by private negotiations conducted between the largest of the iron miners and the largest steel producers. These two sides dominate both the spot and contract iron ore markets.
The Lucky Friday is already one of North America’s deepest hard-rock mines. Now, the 62-year-old mine is about to get much deeper.
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