Minnesota Gov. Tim Walz on Tuesday signed the Omnibus Environment and Natural Resources Policy and Finance bill.
The bill includes language aimed at keeping the mammoth project viable.
Under the language, the Minnesota Department of Natural Resources (DNR) and Minnesota Pollution Control Agency commissioners must wait at least two years after the termination of state mineral leases at the site before beginning action to terminate environmental permits associated with the project.
âIt s very important in the event that Mesabi Metallics does not go forward with the current project that the permits do not expire if Mesabi Metallics declares bankruptcy,â Sen. David Tomassoni of Chisholm said. âThe only thing that can happen on that site is a project that is the same, so it makes sense to keep the permits valid so the next company to take over doesn t have to go through an extensive environmental review to do the same project that is already permitted.â
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