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Polymet Mining Corp. (PLM)

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Last Post: 10/20/2017 4:54:17 PM - Followers: 68 - Board type: Free - Posts Today: 0

Polymet Mining


Erie Plant formerly owned by LTV Steel Mining Company.



Tapping the potential of the Duluth Complex

The Duluth Complex contains the world's largest undeveloped deposits of non-ferrous metal. These copper-nickel-cobalt-platinum-palladium-gold deposits are in a belt stretching 30 miles just south of the eastern end of the historic Mesabi Iron Range-the major source of iron ore for the domestic steel industry for more than 100 years.

PolyMet's project is comprised of two significant assets: the NorthMet deposit and the Erie Plant formerly owned by LTV Steel Mining Company, which is an iron ore processing facility six miles west of the deposit, connected by a private railroad.


DNR: Polymet's Mining Plan Meets Standards

ST. PAUL, Minn. - The Minnesota DNR's final environmental review for Minnesota's proposed PolyMet copper-nickel mine says the company's proposal meets the state's environmental and health standards. The 3,500 page report, known as a final environmental impact statement, or EIS, is a 10 year study that found PolyMet's plan is sound enough to protect the state's natural resources.


Polymet Mining

The document says mine runoff would not reach the Boundary Waters Canoe Area Wilderness or Voyageurs National Park, which has been a concern raised by critics. It also said PolyMet would employ state of the art technology to maintain air quality and reduce harmful emissions. 

"It's been thoughtful, objective and thorough. We've really turned this upside down, inside out, backward and forward to take a look at it," said Tom Landwehr, MN DNR Commissioner.

Landwehr compared the process to an inspection when someone buys a house, pointing out strengths and weaknesses. He emphasized the environmental review is not a recommendation for the project, neither for nor against the construction of the open pit mine.

"We are truly neutral, either support or are opposed to the project," said Landwehr.

Landwehr said PolyMet would have to make sure that all cleanup costs are covered after the mine closes, which would be determined during the permitting process. The report also said wastewater treatment plans must be kept in place indefinitely.

That's the boiling point for environmental groups opposed to the project.

"We are talking about a water treatment model that is based on data the company built and the DNR has never independently verified – there is a lot to be concerned about here," said Kathryn Hoffman, Minnesota Center for Environmental Advocacy attorney.

As the DNR claims it has acted independently, Hoffman says Minnesotans shouldn't believe it's safe.

"That's right, because that claim is based on faulty data, because it's PolyMet's data," said Hoffman.

PolyMet faces an extensive process, more than 20 permits, according to Landwehr, who said it's still too premature to determine whether the project will move forward.

PolyMet President and CEO Jon Cherry called the final environmental review a huge milestone and in a press release, said "The Final EIS demonstrates that PolyMet can mine and process copper, nickel and platinum group metals in a manner that complies with the law, protects the environment and creates hundreds of high-paying jobs in northern Minnesota while creating value for shareholders."

Governor Mark Dayton visited mines in South Dakota and Michigan ahead of his decision whether to advance copper and nickel mining on the Iron Range and has described the decision as one of the most difficult he'll make in his career. He said he also require an exhaustive financial review of the company.

The $650 million dollar project would be located in the St. Louis River watershed on the eastern edge of the Mesabi Iron Range, about 6 miles south of Babbitt and about 1 mile south of the existing iron-ore Northshore Mine. Processing of the ore would take place at a former industrial site, the LTV steel plant in Hoyt Lakes.

Concerns can be addressed in a 30-day public comment period. The agency will determine early next year, likely in February, whether the review is adequate. Then the company can start applying for permits.


Providing Metals used in daily life

After years of environmental research and project development, PolyMet is poised to begin mining in Minnesota's Duluth Complex-which contains one of the world's largest undeveloped non-ferrous metal deposits.

PolyMet will mine and process metals used in daily life, including:

  • Copper - construction, plumbing and electric wiring.
    Nickel - stainless steel and rechargeable batteries.
    Cobalt - household magnets and hybrid vehicles.
    Platinum & palladium - catalytic converters that reduce automobile pollution.
    Gold - jewelry, dental and medical applications, computers and electronics.

PolyMet is working to complete the environmental review and permitting in 2010 and expects to begin construction in 2010.

The publicly traded mine development company with operational headquarters in Hoyt Lakes, Minnesota, with an executive office in Vancouver, British Columbia. Shares are traded on the New York Stock Exchange (NYSE-AMEX: PLM) and Toronto Stock Exchange (TSX: POM).

Good video...

Edina Rotary Club Meeting - Polymet Mining - 03/20/14



Minnesota DNR  Polymet Mining/Northmet Project FEIS now DONE!

US Forest Service

Links to draft record of decision issued by the US Forest Service regarding the land exchange.!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3gDfxMDT8MwRydLA1cj72BTUwMTAwgAykeaxRtBeY4WBv4eHmF-YT4GMHkidBvgAI6EdIeDXIvfdrAJuM3388jPTdUvyA2NMMgyUQQAyrgQmg!!/dl3/d3/L2dJQSEvUUt3QS9ZQnZ3LzZfS000MjZOMDcxT1RVODBJN0o2MTJQRDMwODQ!/?project=33908


JJ's links



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PLM News: Report of Foreign Issuer (6-k) 09/22/2017 11:03:43 AM
PLM News: Report of Foreign Issuer (6-k) 09/15/2017 03:05:36 PM
PLM News: Minnesota Releases Draft Dam Safety Permits for PolyMet Copper-Nickel Project 09/15/2017 02:04:00 PM
PLM News: Report of Foreign Issuer (6-k) 09/15/2017 08:41:33 AM
PLM News: PolyMet Reports Second Quarter Fiscal 2018 Results 09/15/2017 08:21:00 AM
#7818  Sticky Note Moderator note: Again... tdbowieknife 09/15/17 08:39:25 PM
#7954   Interesting read...this could help PLM in the long Trumpcard 10/20/17 04:54:17 PM
#7953 Greg444 10/20/17 04:14:05 PM
#7952   Nothing to see here. No news. No permits. Mean Weimaraner 10/20/17 02:56:45 PM
#7951   There is nothing coming out as far as Greg444 10/19/17 11:54:56 PM
#7950   It's important to remember that the DNT is Plm1 10/19/17 11:25:55 PM
#7949 Greg444 10/19/17 07:27:09 PM
#7948   Misinformed and unable to grasp logic and common sense. Greg444 10/19/17 04:46:13 PM
#7947   The choice of words is interesting. "protecting waterfrozen 10/19/17 03:16:08 PM
#7946   Greg....the anti's are losing it. Literally. waterfrozen 10/19/17 03:05:19 PM
#7945   WRONG Greg444 10/19/17 02:53:25 PM
#7944   I'll buy at .10 when this goes pinksheet. Mean Weimaraner 10/19/17 02:51:51 PM
#7943   Not sure. What do you think? You waterfrozen 10/19/17 02:50:39 PM
#7942   DNT- no love for PLM up here Mean Weimaraner 10/19/17 02:40:56 PM
#7941 Greg444 10/19/17 02:27:54 PM
#7940   How long before polymet sets another 52wk low? Mean Weimaraner 10/19/17 02:05:11 PM
#7939   Below are the goals of Q2 FY18. waterfrozen 10/19/17 01:19:01 PM
#7936   I agree. waterfrozen 10/19/17 11:51:44 AM
#7935   Rich would buy into it now Greg444 10/19/17 11:47:01 AM
#7934 waterfrozen 10/19/17 11:43:17 AM
#7933 Greg444 10/19/17 11:10:28 AM
#7932   Fake news inserts by a slanted media Greg444 10/19/17 11:06:27 AM
#7931   The last line says it all--since when is waterfrozen 10/19/17 11:04:43 AM
#7929 Greg444 10/19/17 10:59:39 AM
#7925   This ones over. Nothing to see here Mean Weimaraner 10/18/17 01:04:50 PM
#7924   Thanks for posting. That was a very common waterfrozen 10/18/17 08:41:41 AM
#7923 Greg444 10/17/17 11:31:09 PM
#7922   Although I do agree with you... there will Plm1 10/17/17 06:19:52 PM
#7921   Very well put! I would like to add Greg444 10/17/17 05:46:43 PM
#7920   PLM1--you are correct--they mean nothing--but it is a waterfrozen 10/17/17 04:28:31 PM
#7919   Public comment on dam safety permits over yesterday. Plm1 10/17/17 02:09:46 PM
#7918   I am always impressed with how well you Greg444 10/17/17 12:10:25 PM
#7917   I fully share the frustration of other serious Galingale 10/17/17 11:58:32 AM
#7916   Persons who post here care in one way Greg444 10/17/17 11:53:04 AM
#7915   If it were in those countries, shovels would've Z-Axis 10/17/17 11:08:03 AM
#7914   the site is still located in the US, right???? jrsh 10/17/17 10:54:22 AM
#7913   At the rate the bureaucracy has moved thus Z-Axis 10/17/17 10:47:01 AM
#7912 D Greg444 10/17/17 10:31:34 AM
#7911   That's what I thought!!! jrsh 10/17/17 09:54:58 AM
#7910   Nothing will happen this year. Optimistically looking waterfrozen 10/17/17 09:48:15 AM
#7909   Will probably take the rest of the year jrsh 10/17/17 09:24:56 AM
#7908   $PLM is toast Mean Weimaraner 10/16/17 06:23:21 PM
#7907 trickledownfacists 10/16/17 03:53:29 PM
#7906   Comment period ends tomorrow trickledownfacists 10/15/17 11:06:05 AM
#7905   You are correct. Tim Walz, the major waterfrozen 10/12/17 02:02:42 PM
#7904   What is encouraging is the fact that the Greg444 10/12/17 12:32:28 PM
#7903   She must have received her campaign contributions. I Greg444 10/12/17 12:26:34 PM
#7902   I wish I could tell you what I waterfrozen 10/12/17 12:17:31 PM
#7901   This Phifer flake has done a 180 since Greg444 10/12/17 12:12:01 PM
#7900   Then she has been talking two stories. Interesting Greg444 10/12/17 11:53:40 AM
#7899   The Gal running has openly come out against trickledownfacists 10/12/17 11:52:19 AM