A huge $1 billion mining takeover will affect local workers at the Lac des Iles mine northwest of here.
Impala Platinum of South Africa has entered into an agreement to purchase North American Palladium.
The company, better known as Implats, suggests the Lac des Iles operation is the crown jewel of the agreement.
It employs about 500 workers.
It says the mine has a life expectancy of over 15 years and has the potential to go even longer given what it calls “highly prospective future exploration opportunities.
