Community & Economic Benefit
Fulfilling important needs of the community.
Kennecott Minerals is dedicated to integrating itself into the fabric of the community it serves by meeting the areas’
needs and priorities. The Eagle Project can meet two of the local community’s greatest ongoing needs: the creation
of local jobs and tax revenues to the community.
Kennecott Minerals’ Eagle Project could employ over 100 individuals directly involved in the project with a goal of at l
east 75 percent of its employee base from the local community. The estimated payroll would be in the $8 million -
$10 million per year range. Benefits, such as medical, dental and savings and investment plans would also be
provided. Indirect jobs such as trucking, security, fuel supply, etc., are estimated to range from an additional 300
to 500. The capital investment of the Eagle Project is estimated at more than $120 million. Experience shows
Kennecott’s project will be a catalyst for other business development and cultural growth that can be sustained
when mining is
completed after an estimated 6-8 years. [Timeline]
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“One of the great things that happened was all the mining company taxes went into a state fund, and those fund were returned to communities who were affected by the mine. These funds were used for industrial development. Actually building of buildings and extending some of the business in the community, and supplied some really great jobs and these will be going on for years and years.”
Jim Schultz, business owner on Flambeau Reclaimed Mine
Ladysmith, WI
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Working with the community to determine the best use of the area once mining is complete, Kennecott will restore the area for its ongoing use and enjoyment. The company has a strong track record of reclamation success, as evidenced by the company’s recently closed Flambeau, Wisconsin (www.flambeaumine.com) and Ridgeway, South Carolina (www.kennecottminerals.com/mines/ridgeway)
mines. At each of these, what were once active mine sites are now nature preserves enjoyed by local outdoor enthusiasts and as wildlife habitat education centers. Both have won reclamation in mining and sustainable development awards from the U.S. Department of Interior.
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