Press Release: Rio Tinto to Open a Mining District in the UP

17 December 2007

Rio Tinto is to invest US$300 million in the development of Eagle, a high-grade nickel and
copper mine in Michigan, USA. Eagle will be the only primary nickel mine in the US and
first production is expected to begin in late 2009. Eagle is projected to deliver 16,000
tonnes of nickel per year over seven years until 2016. It will also produce valuable coproducts of copper, platinum, palladium and cobalt.

“Eagle is just one of many projects that will add to Rio Tinto’s growth and value. It is a 4.1
million tonne high-grade nickel resource (3.6% nickel, 2.9% copper) in a highly
prospective region for additional nickel discoveries. Our exploration team discovered
Eagle in 2002 and we are now reviewing over 450,000 acres of mineral title we have in
the area. Our focus is on six further adjacent prospects that may have the potential to
extend significantly the mine life at current planned production rates.”

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3 thoughts on “Press Release: Rio Tinto to Open a Mining District in the UP

  1. Look-

    Do a word search on Rio Tinto and a takeover bid by the Chinese. The UP is headed towards being the next Sudan, and China does NOT care about your environment, period. It is “feed me Seymour” time for us, and China is Seymour.

    IT is TIME TO REAAAAAALLLY fight !!

  2. I have been to China recently and it’s true. Last thing on their mind is environmental safeguarding or even good health for their people. They’re interested only in mass quantities of raw material to manufacture their products. They are at the industrial revolutionary stage we were at in early 1900’s and are ignoring all the lessons we have learned about protecting the environment from ourselves. Time to fight indeed.

  3. This current environmental situation that the U.P. is in greatly reminds me of Henry Ford’s involvement in stopping the further development of M-35 through the Huron Mountains. Do any of you see what I am hinting at? LET US FOLLOW HENRY FORD’S EXAMPLE AND FIGHT FOR WHAT IS WORTH LIVING FOR! The threat to the environment is more than “simply” a highway through the mountains, it involves the well-being of the surrounding environment as a whole, and the health of the upper Michigan residents.