Antofagasta said key to Twin Metals venture

May 22, 2012 | 01:02 PM | Thorsten Schier

Tags  Duluth, copper, nickel, PGM, cobalt, Twin Metals, Antofagasta, Christopher Dundas Thorsten Schier

NEW YORK — Duluth Metals Ltd.’s partnership with copper producer Antofagasta Plc will be a significant advantage in bringing the company’s Twin Metals copper-nickel-platinum group metals (PGM) project in Minnesota into production, according to its top executive.

"The arrangement goes a long way to bringing a project into production that could potentially cost as much as $2, $3 or $4 billion. We’re in very good shape on the back end, where junior companies usually get hammered," chairman and chief executive officer Christopher Dundas told CPM Group’s second annual Precious Metals Mining Investment Seminar in New York. For....

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