Faced with an uncertain regulatory future and a global glut of iron ore, Gogebic Taconite officials on Friday said they are closing their Wisconsin office indefinitely.
It’s not clear if or when Gogebic, a subsidiary of a Florida company, might reconsider the Wisconsin project.
“We will continue to investigate the possibility of pursuing a permit to mine the Upson site but cannot justify maintaining an office in Hurley without a prospect of immediate action,” Bill Williams, president of Gogebic Taconite LLC, said in a statement late Friday afternoon.
And so it ends… it is worth noting that after all of the heat and fire from the lefties about how adjusting Wisconsin’s laws to be a bit easier on mining operations would “gut the environment” and we would all be drinking sewage or something… those laws were still sufficiently onerous to prevent the mine from opening despite billions in provable reserves at this site. So Wisconsin won’t get the new mining jobs and economic activity after all. And perhaps it is for the best if the environmental concerns could not be sufficiently mitigated.