Economic Impact: Mesaba Metals Copper and Nickel Mining in Northeast Minnesota
2003
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Economic Impact: Mesaba Metals Copper and Nickel Mining in Northeast Minnesota
Published Date
2003
Publisher
University of Minnesota Duluth
Type
Report
Abstract
The UMD Bureau of
Business and Economic Research (BBER) was
asked to study and estimate economic impacts of
proposed copper nickel processing plant using a
new mining technology (CESL) in Hoyt Lakes
for the East Range Joint Powers Board. The
BBER worked closely with Teck Cominico, the
East Range Joint Powers Board, and others to
determine the key assumptions for development
of the IMPLAN1 model.
Inputs required for this model included average
employment for each year during the
construction period, and dollar cost on a year by
year basis for the construction period. From
these data, Social Accounts, Production,
Absorption, and Byproducts information were
generated from the national level data and were
incorporated into the model. The study s
purpose is limited to economic impacts from
these activities. Other impacts, such as
environmental or social impacts, are not a part of
this analysis. Regional data for the impact model
for Value Added, Employment, and Output were
supplied by comparable study area data; these
data for the most recent year (2000) were
purchased from IMPLAN for this impact. A key
assumption for this analysis is that the
comparable mining impact data provided
describe a valid proxy for the NE MN proposed
copper/nickel mining operation.2
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Lichty, Richard W; Skurla, James A; Jacobson, Jean; Almquist-Minko, Vickie; Barkataki, Malita; Paukner, Amber. (2003). Economic Impact: Mesaba Metals Copper and Nickel Mining in Northeast Minnesota. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/257992.
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