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Polymet Mining Corp. (PLM)

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Last Post: 3/24/2017 1:21:19 PM - Followers: 64 - Board type: Free - Posts Today: 18

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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Current Price
Bid Ask Day's Range
PLM News: Report of Foreign Issuer (6-k) 01/09/2017 11:47:55 AM
PLM News: U.S. Forest Service Issues Final Record of Decision Authorizing PolyMet Land Exchange 01/09/2017 11:18:00 AM
PLM News: Report of Foreign Issuer (6-k) 12/09/2016 06:02:33 AM
PLM News: Report of Foreign Issuer (6-k) 12/09/2016 06:02:32 AM
PLM News: Report of Foreign Issuer (6-k) 11/03/2016 11:38:11 AM
#5431  Sticky Note U.S. Forest Service Issues Final Record of Decision Paullee 01/09/17 11:31:27 AM
#5860   .... waterfrozen 03/24/17 01:21:19 PM
#5859   The steel stocks in Mn are also tanking Greg444 03/24/17 12:46:58 PM
#5858   I was listening to a lawyer down in Greg444 03/24/17 12:41:13 PM
#5857   Yes, but if it got to that I Galingale 03/24/17 12:40:46 PM
#5856   Thanks, Greg. Just trying to wrap my (our) Z-Axis 03/24/17 12:34:25 PM
#5855   I think it is called a Mandamus Claim. Greg444 03/24/17 12:22:53 PM
#5854   Action for nonfeasance? Galingale 03/24/17 12:12:04 PM
#5853   What is the legal term? ; when a Greg444 03/24/17 10:39:52 AM
#5852   Amen to that. Has anyone any idea of Galingale 03/24/17 10:31:28 AM
#5851   Trick I think we both are on the Connsm 03/24/17 10:25:34 AM
#5850   Thanks, my streamer still shows zero traded and jrsh 03/24/17 10:02:21 AM
#5849   Well said again Zenner Greg444 03/24/17 10:01:25 AM
#5848   I absolutely believe that the milestones achieved thus Z-Axis 03/24/17 09:58:04 AM
#5847   No 38000 traded last @ .7595 waterfrozen 03/24/17 09:52:42 AM
#5846   is PLM halted? I have no updated bid/ask. jrsh 03/24/17 09:35:08 AM
#5845   It came out last year. I posted trickledownfacists 03/24/17 09:32:49 AM
#5844   Trick Do you have a source of the colluding Connsm 03/24/17 08:10:41 AM
#5843   Keystone gets permitted today mrplmer 03/24/17 06:25:43 AM
#5842   Affirm, don't get me started on the stadium. trickledownfacists 03/23/17 06:30:24 PM
#5841   There are many more people that feel the Greg444 03/23/17 06:14:33 PM
#5840   MN is a socialist occupied state. Throw trickledownfacists 03/23/17 05:23:35 PM
#5839   You make a good argument. Maybe there Greg444 03/23/17 05:17:17 PM
#5838   but hasn't positive happened already??? jrsh 03/23/17 04:43:43 PM
#5837   This is the best answer I have heard Greg444 03/23/17 04:31:33 PM
#5836   I'm starting to think that the most simplest Z-Axis 03/23/17 04:30:18 PM
#5835   Why is it the pps bought down and Greg444 03/23/17 04:00:09 PM
#5834   With surgical precision. These are pros. goldenager 03/23/17 02:44:26 PM
#5833   Agreed, Daytons government is at fault for the trickledownfacists 03/23/17 02:37:00 PM
#5832   Plm will be used as a case study, Greg444 03/23/17 02:33:29 PM
#5831   Well, my guess is that by the time waterfrozen 03/23/17 02:07:42 PM
#5830   fraction by fraction of a cent they take jrsh 03/23/17 11:15:26 AM
#5829   OK OK, it's probably my English. :-) jrsh 03/22/17 12:56:46 PM
#5828   It is either theoretical or it is fabricated. Galingale 03/22/17 12:50:25 PM
#5827   that sounds very theoretical and fabricated to me jrsh 03/22/17 12:40:46 PM
#5826   It is probably one method of keeping the Galingale 03/22/17 12:35:50 PM
#5825   Of course this is a possiblity as well! jrsh 03/22/17 12:08:12 PM
#5824   How about this for 'someone you haven't thought Galingale 03/22/17 11:45:14 AM
#5823   that's what I always said: follow the money! jrsh 03/22/17 10:33:18 AM
#5822 jrsh 03/22/17 10:27:11 AM
#5821   My thoughts just revolve around who might be waterfrozen 03/22/17 10:23:23 AM
#5820   the buy/sell ratio most of the time was jrsh 03/22/17 10:00:36 AM
#5819   in my opinion, the real problem for investors jrsh 03/22/17 09:52:33 AM
#5818   Some very good early morning thoughts and I Galingale 03/22/17 09:43:02 AM
#5817   By looking at the politics over the past Connsm 03/22/17 09:30:32 AM
#5816   Just some random thoughts and its early so waterfrozen 03/22/17 09:06:31 AM
#5815   Here is live hearing portal on Domestically Sourced Connsm 03/22/17 08:51:07 AM
#5814   Is the reference to the MNDNR website graphic Galingale 03/22/17 07:57:08 AM
#5813   At what point can the State of Minnesota Greg444 03/21/17 08:55:21 PM
#5812   Affirm, the court case doesn't help the cause trickledownfacists 03/21/17 06:39:01 PM
#5811   Judging from the MDNR power PPT presentation, the cawgermany 03/21/17 06:26:23 PM