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Politics : Politics for Pros- moderated

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To: DMaA who wrote (315914)7/21/2009 1:41:20 PM
From: Snowshoe   of 793843
 
This seems like an epic in the making: a couple of old farts try to extract $10 billion worth of iron ore concentrate from abandoned waste tailings on Da Range...

The next iron rush: Once upon a time, Minnesota's Iron Range was famous for minting millionaires.
Thanks to a new technology that promises to turn refuse into usable iron, history might repeat itself.


By Chris Redman, contributor
Last Updated: May 20, 2009: 9:45 AM ET

money.cnn.com


Company co-founders Fritz, 78 (right), and Hunt, 83, in front of giant tailings
piles they hope to turn into iron concentrate using using magnetation.
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