Anglo’s sale of De Beers hindered by diamond market state
Anglo American has warned of more production cuts at De Beers due to reduced spending by Chinese consumers prolonging the market downturn.
The environmental review of PolyMet’s $600 million Minnesota copper mine will not be released until November 22 of this year, representing yet another delay for the project that could bring hundreds of new jobs to the Iron Range.
State and federal agencies have spent over three years on the mine’s environmental impact statement, during which time debate has raged over potential risks to the Partridge and St. Louis rivers.
The first of potentially multiple public hearings are penciled in for January 2014 but “no decisions have been made yet on how much time the public will get to digest the 1,800-page scientific document.”
Copper mining companies will keep an eye on the proceedings as the region in question, “from Hoyt Lakes up to the edge of the Boundary Waters Canoe Area Wilderness,” is one of the largest copper nickel deposits remaining in the world.
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Forget Minnesota. The progressives in charge of the state don’t want it, or the jobs. They believe the folks that actually might work there are fine with the welfare programs that are available. But if this were a solar panel factory, piling up tons of toxic waste (in the back closet) annually, they would be giving that company grants, on the taxpayer dime (so the founders / mgmt can sell out in the IPO) and then the company collapses in a year. It’s the progressives way………..destroy…….stupdily. Just ask idiots like Obama.