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.


25° 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
Out-Of-Court Settlement Reached In Lawsuit Over Wildfire

2/1/2016 7:34 AM

Court documents indicate a federal judge has signed off on a confidential settlement between Black Hills Power and the 87 plaintiffs.

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
Toppers Pizza To Open On East 10th Street

2/1/2016 4:13 PM

Toppers Pizza is adding a second Sioux Falls location.

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


Events