Google+ Iron mines record $96 million in taxes for this year - Minnesota Iron
 

Iron mines record $96 million in taxes for this year

Mesabi Daily News, Nov. 22, 2017

Minnesota’s iron mines generated more than $96 million for communities in 2017, according to the 2017 Mining Tax Guide, published this week by the state Department of Revenue.

The tax dollars were distributed this year and based off 2016 production, which totaled more than 29 million tons of ore — the lowest rate since 2011, said the Iron Mining Association.

“This just goes to show what a huge impact Minnesota’s iron mining industry has on our region,” said IMA President Kelsey Johnson. “Despite the downturn caused by these significant global pressures, millions of dollars still went into our communities.”

Click here to read more.

Leave a Reply

Your email address will not be published.