In blow to Twin Metals, U.S. proposes mining ban for Boundary Waters

By Kitco News / October 20, 2021 / www.kitco.com / Article Link

Oct 20 (Reuters) - The U.S. Forest Service on Wednesdayproposed banning mining in Minnesota's Boundary Waters regionfor 20 years, a step that would block Antofagasta Plc's Twin Metals copper and nickel mine project.

The announcement, which reverses a decision by formerPresident Donald Trump, sets off a review process for how miningcould affect the region, a popular outdoor recreation area.While that is underway, the agency said it will not issue anynew mining leases or permits in the region for two years.

(Reporting by Ernest Scheyder)

+1-713-210-8512; Reuters Messaging:ernest.scheyder.thomsonreuters.com@reuters.net))

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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