Highland Resources

Published : June 10th, 2014

Troubled mining industry now resurgent in Midwest

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Keywords :   China | Copper | Iron | Nickel | Water |

Troubled mining industry now resurgent in Midwest

WHITE PINE, Mich. (AP) -- A way of life dating back more than a century appeared over in Michigan's Upper Peninsula when the last copper mine closed in 1995, idling more than 1,000 employees and turning this once-thriving company town into a forlorn outpost.

Now a Canadian company is planning a new mine at the site a few miles from Lake Superior, where screeching gulls hover over empty buildings and parking lots are littered with broken glass. If Highland Copper Co.'s plans go forward, the area will be astir once more as underground ores are blasted, hauled to the surface and crushed at a mill to extract valuable minerals.

White Pine's impending rebirth is almost miraculous to local residents who have borne the brunt of its demise, but it's part of something even bigger: a surprising resurgence of a mining industry that once was an economic pillar in three Upper Midwestern states but has been in serious decline.

In the past few years, at least six open-pit or underground mines have been proposed or started in Michigan, Minnesota and Wisconsin, the first such ventures in decades. Additionally, four new Minnesota operations are using refined technology to extract iron from waste rock mined long ago. Other companies are exploring the region's ample deposits of iron, copper, nickel and other metals, which have become more marketable because of improved technology and rising demand in the U.S. and China.

"I thought there was no way it was ever coming back," said Dan Kessler, who was 34, married and the father of two young children when the White Pine closure left him jobless. Now, he says, if the project comes through, "I'd like to see the schools open again."

The developments are causing planners to reconsider their strategies for the region, which had focused on finding a new economy to supplement old land-based industries. Some are concerned about the earlier era's legacy of toxic waters and denuded forests.

"A potential step backward," John Austin, director of the nonprofit Michigan Economic Center, said of mining, unless the operations can be held to rigorous standards. Some planners want to concentrate on developing a "blue economy" based on clean industry and responsible use of fresh water.

Read the rest of the article at finance.yahoo.com
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Highland Resources

EXPLORATION STAGE
CODE : HI.V
ISIN : CA43004Y1016
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Highland Resources is a exploration company based in Canada.

Highland Resources holds various exploration projects in Canada.

Its main exploration properties are RICKABY and HUMBOLDT BAY in Canada.

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Financings of Highland Resources
3/10/2015Provides Update on Financing
6/1/2012Raises $16.5 Million; Closes Private Placement
5/24/2012Closes Tranche 1 of $20 Million Private Placement
5/7/2012Increases Private Placement
4/23/2012$16.5 Million Private Placement Arranged
Project news of Highland Resources
10/11/2011(Humboldt Bay)Negotiates Sale of its Interest in Rickaby and Humboldt Bay ...
2/21/2011(Humboldt Bay)Begins Ground Geophysical Survey on the Humboldt Bay Propert...
Corporate news of Highland Resources
11/23/2015Highland Announces New Director Appointment, Grant of Option...
10/7/2015Highland Completes Private Placement With Osisko
4/23/2015Highland Reports Results From 2015 Drilling Program at White...
11/17/2014Highland Copper-Correction to Notice of Annual Meeting
10/10/2014Highland Files 543S Project Technical Report
10/1/2014Highland Copper Provides Update on Joint Venture With AMCI
8/25/2014Highland Copper Reports Initial Resource Estimate for the 54...
8/5/2014Highland Copper Company Grants Options
7/3/2014Highland Provides Exploration Update from the White Pine Nor...
6/17/2014Highland Closes Financing and Acquisition of Copperwood Proj...
6/10/2014Troubled mining industry now resurgent in Midwest
5/13/2014Highland Completes the Interim Closing of the Acquisition of...
5/1/2014Highland Announces Warrant Extension Application and Provide...
4/9/2014Highland Provides an Update on the White Pine Project Acquis...
6/4/2013Copper Company Reports High Grade Copper Intersections at G-...
4/4/2013Copper 543S Drill Program Completed and Additional High Grad...
1/31/2013Copper Company Reports Additional High Grade Results at the ...
1/9/2013Copper Company Reports Additional High Grade Intersections a...
11/7/2012Copper Company Reports Option Grants
10/31/2012Announces Share Consolidation and Change of Name
10/26/2012Intersects 47.1 Meters of 2.47% Cu at the Keweenaw Copper Pr...
10/12/2012Announces Results of Shareholders Meeting and Changes to Sen...
10/3/2012Intersects 20.5 Meters of 2.24% Cu at the Keweenaw Copper Pr...
9/20/2012Announces Proposed Share Consolidation
6/8/2012Amendment to Joint Venture Agreement to Acquire Copper Resou...
8/22/2011Appoints Vice President - Exploration for Copper Project in...
2/24/2011Engages Behre Dolbear for 43-101 Report on Copper Properties
2/22/2011(Humboldt Bay)RETRANSMISSION: Highland Begins Ground Geophysical Survey on...
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