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Gogebic Taconite To Begin Drilling This Week?

Tuesday, June 4th, 2013 at 7:13 am

A company looking to open a massive iron mine in northwestern Wisconsin says its test holes will range from a few hundred feet to a quarter-mile deep, according to the Associated Press.

The state Department of Natural Resources approved Gogebic Taconite’s exploratory drilling permit on May 30. The AP confirms that the company sent the DNR a notice of intent via email on May 31 saying it plans to drill eight test holes ranging from 350 feet to 1,143 feet deep. Ann Coakley, director of the DNR’s waste and materials management bureau, told the AP it’s not uncommon to see mining test holes of a quarter-mile depth and many such holes exist in Wisconsin already.

The company said in the notice it plans to begin drilling five days after the DNR receives the notice by registered mail. Coakley said Monday she was in the agency’s Rhinelander office and wasn’t sure if the document had arrived at the agency’s Madison headquarters.

1 Comment

  1. Ernest Martinson 06/16/13 at 12:19pm

    The state Department of Numerous Regulations (DNR), as required by regulation, has approved Gogebic Taconite’s exploratory drilling permit. Sounds like Wisconsin is going to get the shaft. And why not? No amount of regulation is likely to minimize mining since the state is giving the ore away without so much as a severance tax on depletion and pollution. Just a counterproductive tax on profits.

    Should Gogebic Taconite manage to make a profit despite the punitive tax, all is not lost for Gogebic Taconite, though it may be for us. The net proceeds tax on profits encourages the game of tax avoidance . These tax expenditures may leave taxpayers paying Gogebic Taconite’s taxes. Belatedly, the commoners may wish they had charged for the depletion and pollution of the commons, not the taxation of value added to the commons.

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