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Controversy Surrounds Emily Manganese Mine

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As of today, a proposed manganese mine in Emily is at a standstill. Controversy, however, surrounds the mine, specifically when it comes to the millions in potential profits that could be reaped from it. The CEO of Crow Wing Power said he doesn’t have an agreement to profit off the Emily manganese mine. Two members of the board of directors are clashing with him on that count. The point of contention is a royalty agreement signed Nov. 20, 2008, that stipulates three executives from Crow Wing Power, a public co-op electric company, retain royalty interests to a manganese deposit that, if developed, has the potential to garner executives millions over the course of the mine’s lifespan. That year, Crow Wing Power agreed to a joint venture with the owner of the manganese deposit, Steve Carlton and his associates -- the Carlton Group -- to develop the mine using money from the sale of a for-profit subsidiary, Hunt Technologies. In addition to a consulting agreement, Bruce Kraemer, Crow Wing Power CEO, and the other executives signed the royalty agreement. The royalty agreement stipulates 38.75 percent of the mine’s profits would go to the members of the Carlton Group, while a further 5 percent would be allocated to interest holders under the banner of Hunt Enterprises -- Kraemer, former Chief Operating Officer Doug Harren and former Chief Financial Officer Don Nelson retaining 1 percent each, with the remaining 2 percent left “unspecified” for Hunt Enterprises. Hunt Enterprises is a for-profit subsidiary under the management of Crow Wing Power executives.
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