Photo: IRRRB

Mining

This traditional industry sector is poised for significant transformation into value-added opportunities related to new direct reduced iron technology and non-ferrous minerals. If realized, the development of copper, nickel, and other precious metal mining operations promises economic development at a large scale.
 
While the sector is supported by a large supplier base, new opportunities in both value-added ferrous and non-ferrous mining are expected to create new and stabilize existing support businesses and the communities in which they are located.
 
This is a large cluster with massive output when operating at full capacity, contributing $3.4 billion to the state and regional economies. A loyal, skilled workforce is a key asset in this sector with employee turnover at only 2.6%.
 
Iron Ore Mining

            ArcelorMittal Minorca – Virginia

            Hibbing Taconite – Hibbing

            Northshore Mining – Babbitt, Silver Bay

            United Taconite – Eveleth, Forbes

            U.S. Steel – Keetac – Keewatin

            U.S. Steel – Minntac – Mountain Iron
 
Precious Metals Exploration

            AngloGold Ashanti

            Encampment Minerals – Ely

            Kennecott

            PolyMet Mining – Hoyt Lakes

            Teck

            Twin Metals - Ely

            Vermillion Gold – Minneapolis