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The U.S. Forest Service issued a draft environmental evaluation on Thursday to put the inspiration for a proposed 20-year moratorium on copper-nickel mining upstream from the Boundary Waters Canoe Space Wilderness in Minnesota, AP reviews.
The plan may doom Antofagasta’s (OTC:ANFGF) proposed Twin Metals mine close to Birch Lake, which drains right into a river that flows into the Boundary Waters, however it will not have an effect on a separate venture, the proposed PolyMet (PLM) mine close to Babbitt and Hoyt Lakes, which lies in a unique watershed.
The proposed $1.7B Twin Metals mine was within the early levels of the allowing course of till the Biden administration canceled two mineral leases earlier this year that had been reinstated during the Trump administration.
