Metallic Minerals Lease Sale
Results of State Metallic Minerals Lease Sale
October 24, 2012
The bid opening for the state's 33rd sale of metallic minerals exploration and mining leases was held on October 24, 2012. There were a total of 31 bids. One of the bids (by MMG USA Exploration LLC) was in Aitkin County, nine bids (by DMC USA LLC) were in Lake County, and the remaining 21 bids (by Encampment Minerals, Inc.) were in St. Louis County. The bids covered about 9,509 acres in the lease sale acres, including about 240 acres in Aitkin County, 4,469 acres in Lake County and 4,800 acres in St. Louis County.
Detailed information about the bids is available in the Bid Information Summary, available for download below:
The State's Executive Council (comprised of the state's five constitutional officers) must approve the issuance of the leases. At its December 6, 2012 meeting, the Executive Council deferred action on the leases. A decision will not be made until the Minnesota Court of Appeals rules on a citizen petition requesting an environmental assessment worksheet for the lease sale.
Additional information about mineral leasing can be found on our State Mineral Leasing, Exploration, and Development FAQ.
Note: The Division of Lands and Minerals office in Hibbing has maps and reports on Minnesota's mineral resources, as well as drill core and exploration reports available for inspection. To arrange for a time to visit the DNR Drill Core Library, please contact Dave Antonson at 218-231-8840. We also recommend our public access to minerals data web site: http://minarchive.dnr.state.mn.us.
If you have any questions about the lease sale, please contact Susan Damon at 651-259-5961 or
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