Questions surround the recent sale between Rio Tinto and Lundin Mining Corporation. Monday morning they came together with community leaders to discuss the sale.
Construction is underway at Rio Tinto's Eagle nickel and copper mine. This comes after an agreement was reached selling the Eagle mine and Humboldt mill to Lundin Mining Corporation.
Paul McRae, Senior Vice President of Lundin projects, said they have a strong relationship with Rio Tinto from previous sales internationally and believe the sale fits both companys' interests.
"Some of the most important features of Eagle are the team and community support. So we are really excited. We have got a very positive message to deliver and that we want to go ahead with the project," said McRae.
The project team from Rio Tinto will transition over with Lundin.
McCrae says jobs will be opening up, and they will be filling in close to 130 spots for operations by the end of next year.
Dan Blondeau with Rio Tinto Media Relations says they have been looking for potential investors for a while.
"Eagle mine, while it's a great project, it doesn't fit Rio Tinto's strategy of large, long life, low cost operations, and it's a better fit for Lundin," said Blondeau.
They're hoping the $325 million purchase will be done by the end of July.
Lundin will also invest another $400 million to bring the mine into operation. The lifespan of the mine is expected to be eight years.
They are holding six town hall meetings this month for the public:
June 19, Ishpeming Country Village
June 20, Humboldt Township Hall
June 24, Marquette Holiday Inn
June 25, Michigamme Township Hall
June 26, Powell Township Hall
June 27, L'Anse American Legion
All meetings will be 5:30 to 6 p.m.