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Jan 26 Reuters - The U. Interior Department on Thursday blocked mining in part of northeast Minnesota for 20 years, the latest blow to Antofagasta Plc's Twin Metals copper and nickel mining project but a step officials said is needed to protect the state's vast network of interconnected waterways. The decision further escalates the U. Copper and nickel are used to build electric vehicles, solar panels, wind turbines and other renewable energy devices. While Congress and President Joe Biden have heavily subsidized mining and minerals processing, administration officials said the risk from a mine to northern Minnesota's ecology was too great. Chile-based Antofagasta's Twin Metals subsidiary said it was 'deeply disappointed and stunned' by the move and that it remains committed to protecting its rights to access the mineral deposit. The region is visited each year by more than , outdoor enthusiasts, many of whom have long feared that any mine disaster could pollute rivers and quickly spread through the 1. The underground Twin Metals mine would, if built, be a major U. The only existing U. Haaland's decision, which had been expected, came after U. Antofagasta sued last August, claiming the decision was 'arbitrary and capricious. No mining has taken place at the site, near the town of Ely. Thursday's move deals another roadblock to the project, regardless of the court's decision. Republicans blasted the decision. Administration officials said they do not believe blocking the Twin Metals project shows they do not support mining. Antofagasta has long said it would use the most-advanced equipment to protect the environment, but officials noted other recent mining disasters as evidence of 'irreparable harm' should the company's efforts fail. Administration officials added they believed the region's economy would benefit more from recreational activity than mining. The officials said it was unclear whether future administrations could reverse the year decision. Only Congress can make the ban permanent. The mineral withdrawal does not affect Minnesota taconite iron ore mines operated by U. The order also does not affect a proposed nickel mine from Talon Metals Corp, which last year received funding from the Biden administration, nor PolyMet Mining Corp's plans to build a copper and nickel mine in the state. Add to a list Add to a list. To use this feature you must be a member. Antofagasta plc. Market Closed - London S. Other stock markets. News All News Analyst Reco. Company Profile Governance Share ownership Connections. Valuation Valuation ratios Dividend. Consensus Analysts' Opinion Estimates Revisions. All News Analyst Reco. Stocks mentioned in the article. Add to a list. Latest news about Antofagasta plc. China rate cuts boost miners; gold sparkles again Oct. Chart Antofagasta plc. Duration Auto. Period Day Week. Company Profile. Income Statement and Estimates. More financial data. Trading Rating. Analysts' Consensus. Profit revisions. Estimate revisions. Quarterly earnings, Rate of surprise. Company calendar. Other stock markets am EDT. China rate cuts boost miners; gold sparkles again. FTSE struggles as housebuilders fall. Deutsche Bank cuts RS Group to 'hold'. FTSE called up as market prepares for rate call. Stocks jump as soft CPI adds to rate cuts hopes. Deutsche Bank resumes Informa with 'buy'. FTSE : Stocks benefits from inflation dip. Antofagasta backs outlook as copper production picks up. FTSE called lower as caution prevails. Antofagasta plc Provides Production Guidance for the Year and Airlines fly, but BP sags as oil price declines. Barclays lifts Man Group and Premier Foods. Europe perks up despite China turmoil. Miners slide as Chinese stimulus hopes wane. Vistry sinks on profit warning amid costing error. Barclays cuts Smiths Group to 'equal weight'. China trade boosts stocks but oil majors struggle. Miners support FTSE but mid-caps retreat.