VANCOUVER - The Taconite project feasibility study is complete, which means that in four months project-owner New Millennium Iron (TSX: NMD should know whether joint-venture partner Tata Steel will turn the Labrador Trough iron-ore project into a long-life mine. It is no small decision: capital costs to bring just one of the two huge deposits at Taconite into production total $7.8 billion, and its deal with New Millennium stipulates global steel giant Tata would have to provide most of the funding.
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