UP Copper Mine Delayed by Bad Economy

From the AP:

TRAVERSE CITY, Mich. (AP) — Construction of a proposed nickel and copper mine in Michigan’s Upper Peninsula is being delayed because of poor market conditions, its parent company said Thursday.

But project manager Jon Cherry said the announcement by London-based Rio Tinto Group does not mean the Kennecott Eagle mine is off the table. Planning and preparations are continuing with the expectation that it eventually will be built, he said.

“Our offices in Michigan are remaining open and we are moving forward,” Cherry said. None of the 25 employees are being laid off, he said.

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