Antofagasta cedes control of Twin Metals project

Jul 07, 2014 | 02:20 PM | Rey Mashayekhi

Tags  Duluth Metals, Twin Metals project, Minnesota, Antofagasta, nickel, copper, platinum group metals, mining project Barclays

NEW YORK — Antofagasta Plc has terminated its option to purchase an additional 25-percent interest in the Twin Metals mining project in Minnesota, giving joint owner Duluth Metals Ltd. control of the nickel, copper and platinum group metals project.

Toronto-based Duluth Metals, which owns a 60-percent stake in Twin Metals, now has a 180-day buy-back option on London-based Antofagasta’s 40-percent interest in the project, the two companies said.....

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