Cline Subsidiary Drops $2B Wis. Iron Mining Project

Law360, New York (March 7, 2012, 4:23 PM EST) -- A subsidiary of Florida-based mining company Cline Group has dropped plans for a $2 billion open-pit iron ore mine in northern Wisconsin in response to the Republican-controlled state senate's vote rejecting changes to mining regulations, the company said Wednesday.

After receiving an encouraging boost in late January when the Wisconsin State Assembly passed a bill that would relax iron ore mining permitting requirements over the objections of conservationists, the state senator holding the swing vote on the issue voted it down Tuesday.

“Senate rejection of the...
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