|The LTV mine at Hoyt Lakes is no longer in operation. The
equipment of any value has been sold and the only employees are there
to guard the property and perform reclamation activities.
The LTV mine closed in 2000. It was made up of three active and eight inactive mining areas with crushing, concentrating, pelletizing and maintenance facilities. The mining dumps - piles of ore, tailings (waste rock) or overburden - are being seeded with grasses and oats. Over the course of a few years the grasses establish enough of a footing to prevent erosion and eventually trees are expected to self seed themselves in the area.
Even though the area is no longer being actively mined, the Closure Plan is to develop the area as a brownfield location because there are still significant magnetite mineral reserves present, several copper-nickel-tungsten-silver-gold deposits are located to the southeast of the plant that some companies have shown and interest in exploring and the plant buildings would make a good heavy industrial site. Because of the mine closure many homes in the town of Hoyt Lakes have been simply abandoned because without an employer in the area no one could be found to purchase them and without the work people could not afford to continue to live in them.1
1. MN DNR Minerals Education Workshop Field Trip