User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


11° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

MN DNR Reports Record Mineral Revenue In Fiscal 2012

December 29, 2012, 10:18 AM

ST. PAUL, MN -

Minnesota collected a record $51 million in mineral revenues in the 2012 fiscal year.

The Department of Natural Resources says that's up 44 percent over last year's record of $35.5 million. Most of the money goes into trust funds that support Minnesota's K-12 schools and the University of Minnesota.

The DNR says 97 percent of the revenue came from iron ore production, while other metallic minerals, peat and stone generated the remaining funds.

Global demand for steel continues to drive Minnesota's taconite industry.

Minnesota does not yet allow copper, nickel and precious metals mining but plans are in the works. The DNR estimates that three non-ferrous mineral deposits identified as potential mines could generate $2.4 billion in added revenue to the school trust fund over the life of the mines.

Previous Story

Next Story




Sponsored
 

View business

You may also like

Wells Fargo Lays Off Handful Of Workers In Sioux Falls

2/3/2016 2:27 PM

Spokesperson Staci Schiller said nine employees were given a 60-day notice in its home lending department.

Full Story
IRS Phone Scam Costing KELOLAND Thousands

2/4/2016 3:05 PM

Those aggressive IRS scam calls plaguing KELOLAND have cost South Dakotans tens of thousands of dollars so far.

Full Story
Bridgestone-Firestone Recalls Over 36,000 Truck Tires

2/6/2016 1:20 PM

Bridgestone-Firestone North America is recalling more than 36,000 heavy truck tires in the U.S. and Canada because the tread can separate from the bod...

Full Story
South Dakotans: Fast Talking And Patient On The Phone

2/4/2016 7:51 AM

South Dakotans are ranked as the eighth fastest talkers in the U.S., behind Iowa at number 5 and Minnesota at number 2.

Full Story
Legislature Delays Action On Amending Health Insurance Law

2/3/2016 10:40 AM

In 2014, Initiated Measure 17, coined "patient choice" by its supporters, got 62 percent of the vote.  

Full Story


Events