Health & Fitness
WI mine developer facing $400,000 upfront bill
By Ryan Ekvall | Wisconsin Reporter
MADISON β A company wanting to start an iron ore mine in northern Wisconsin will have a hefty upfront bill if itβs allowed to start.
Gogebic Taconite, LLC would be on the hook for $400,000 in one-time construction fees should the company receive a mining permit. The payments would be due after construction on a mine site begins.
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State law requires a mining company to pay $100,000 to the Mining Investment and Local Impact Fund for each locality that contains at least 15 percent of the iron ore body in a mining project, according to the state Department of Revenue.
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