The U.S. Department of the Interior canceled two mineral leases for Antofagasta Plc's proposed Twin Metals copper and nickel mine in Minnesota on Wednesday, effectively killing the project and handing a major win to environmentalists.
Jan 26 - The U.S. Department of the Interior canceled two mineral leases for Antofagasta Plc's
The decision shows President Joe Biden's administration is increasingly comfortable prioritizing domestic conservation efforts even as demand for minerals used to build electric vehicles rises amid efforts to combat climate change. "We found the leases were improperly renewed in violation of applicable statutes and regulations, and we are taking action to cancel them," said U.S. Interior Secretary Deb Haaland, adding that her department has a responsibility to "ensure that no lessee receives special treatment," though she did not elaborate.
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