16.06.2010 | Editor: Marcel Dröttboom
London, United Kingdom – Rio Tinto is to invest USD 469 million in constructing the nickel and copper Kennecott Eagle mine in Michigan’s Upper Peninsula, USA, following receipt of final environmental approvals. Construction of the mine and mill will begin this year and first production is expected in late 2013.
Andrew Harding, chief executive Copper, said, “Moving to the construction phase of Eagle is part of our strategy to increase investment in attractive growth projects in 2010. The long-term demand outlook remains strong for both nickel and copper and bringing Eagle on stream will give us greater benefit from that growth.” According to Rio Tinto, the Kennecott Eagle mine will be the only primary nickel mine in the US, and is the first new mining operation to be built in Michigan in decades, under some of the most stringent environmental permitting rules in the US. The mine will produce separate nickel and copper concentrates containing an average of 17300 and 13200 tonnes per year of nickel and copper metal respectively over six years. Funding will enable construction of a new underground mine, associated surface facilities for servicing the mine, rehabilitation of an existing mill and development of a multi-use access road. The Upper Peninsula of Michigan is a highly prospective region for nickel and copper exploration and Rio Tinto is actively exploring for additional resources in the immediate area.
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