Controversial UP copper mine gets $50M in state grants after years of trying
Summary
The Michigan Strategic Fund approved up to $50 million in state grants to support the Copperwood copper mine project in the Upper Peninsula. The project by Highland Copper Inc. aims to create 380 jobs over 11 years but has faced public opposition over environmental concerns.Key Facts
- The Copperwood mine is located in the far western Upper Peninsula of Michigan.
- Highland Copper Inc., based in Toronto, proposed the project with a $425 million budget.
- The mine is expected to create 380 jobs during its 11-year life.
- The Michigan Strategic Fund granted $45 million for site preparation and $5 million for local road improvements.
- Funding comes from the now-defunded SOAR Fund that had unused money allocated in 2022.
- This would be the first Upper Peninsula mine since 1955, supported by some lawmakers and economic groups.
- Many local residents and environmental advocates expressed concerns about possible harm to Lake Superior and nearby natural areas.
- Highland Copper’s CEO said the grant is crucial as it lowers the project’s financing challenges.
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