Rio Tinto

Kennecott Eagle Minerals

The owner of the controversial Eagle mine project in Michigan's Upper Peninsula, Rio Tinto PLC, says it will sell the project to Canada's Lundin Mining Corp. for $325 million.

The deal will require approval from regulators.

Rio Tinto is still building the mine which they say is 55% complete. Construction started in 2010.

MICHIGAMME TOWNSHIP, Mich. (AP) - Tunneling at an Upper Peninsula mine is expected to be completed less than two years after digging started.

The Mining Journal of Marquette reports that Redpath Mining Contractors and Engineers expect to finish their work Friday at the Rio Tinto Eagle Mine in Michigamme Township.

More than two miles of tunnels have been built since drilling started in September 2011. The operation will mine and backfill ore which contains nickel and copper.

Kennecott Eagle Minerals

The Eagle Mine near Marquette is under construction. It will be mining mostly nickel and copper along with smaller amounts of other metals.

The company Rio Tinto owns the mine.  They’ve received their state and federal permits, but those permits are being challenged in court.  The mine has been divisive in the community.  A lot of people want the mining jobs, and many others are worried about the impacts the mine could have on Lake Superior and nearby rivers.

Dan Blondeau is a spokesperson for Rio Tinto.  He says the company will be spending about a million dollars on environmental monitoring that’s required by their permits.  But he says residents have been telling them that wasn’t enough.

“For the last several years, community members have told us they’d have more trust in environmental monitoring if it was done independently.”