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Polymet Mining Corp. (PLM)

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Last Post: 9/27/2016 6:20:55 PM - Followers: 63 - 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



JJ's links



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Current Price
Bid Ask Day's Range
PLM News: Report of Foreign Issuer (6-k) 09/20/2016 04:12:07 PM
PLM News: Amended Statement of Beneficial Ownership (sc 13d/a) 09/19/2016 04:32:52 PM
PLM News: Report of Foreign Issuer (6-k) 09/15/2016 10:03:09 AM
PLM News: Report of Foreign Issuer (6-k) 09/15/2016 06:03:44 AM
PLM News: Report of Foreign Issuer (6-k) 08/24/2016 02:12:00 PM
#4549  Sticky Note Link to the latest permitting news... tdbowieknife 08/02/16 08:08:14 PM
#4823   There are fourteen documents that do not comply Greg444 09/27/16 06:20:55 PM
#4822   That is what I have been saying!!!! The Greg444 09/27/16 06:18:32 PM
#4821   Wrong! Minnesota has the control over the nonferrous 09/27/16 06:04:35 PM
#4820   The numbers are still not down to that Greg444 09/27/16 05:24:59 PM
#4819   Lets be clear about Polymets Sulfate Numbers. They nonferrous 09/27/16 04:59:37 PM
#4818   50k traded all on the ask at 82 jrsh 09/26/16 03:40:27 PM
#4817   Ok folks I will shut up for awhile!! Greg444 09/25/16 05:50:53 PM
#4816 Greg444 09/25/16 03:35:10 PM
#4815   It is all smoke and mirrors and corrupt Greg444 09/25/16 02:10:16 PM
#4814   It is about sulfate numbers. Then Governor Dayton Greg444 09/25/16 01:58:26 PM
#4813   Forgive me, but if your logic obtains then Galingale 09/25/16 01:48:52 PM
#4812   I believe all the permits will be submitted Greg444 09/25/16 01:38:50 PM
#4811 Greg444 09/25/16 01:19:03 PM
#4810   Why submit the permits if you do not Greg444 09/25/16 01:04:44 PM
#4809   It could well be! I think the word Galingale 09/25/16 12:53:35 PM
#4808   Man, I'm soooooo eager to see what is jrsh 09/25/16 09:52:33 AM
#4807   Ok, this week starts late September! "Mr. Periman must Greg444 09/25/16 07:29:50 AM
#4806   if the 80 holds next week and PLM jrsh 09/24/16 05:04:44 PM
#4805   Nice little 100 share trade bringing us down Greg444 09/23/16 04:52:39 PM
#4804   Being the Devil's advocate. I do not know Greg444 09/22/16 03:53:14 PM
#4803   Take over and contributing big investors vying for Greg444 09/22/16 03:37:49 PM
#4802   the manipulator in charge still tries its best jrsh 09/22/16 03:31:38 PM
#4801 Greg444 09/22/16 03:20:57 PM
#4799   Remarkable Greg444 09/21/16 04:37:21 PM
#4798   talking about 100 shares jrsh 09/21/16 04:31:36 PM
#4797   Sorry jjeedddoo, I guess I am a passive Greg444 09/21/16 04:31:11 PM
#4796   Ooh, I think I will try to pick Greg444 09/21/16 04:07:35 PM
#4795   I can't read Greg444 09/21/16 03:23:20 PM
#4794   Read and understand these words from the news release jjeeddoo7 09/21/16 03:19:32 PM
#4793   Look at the 100 share ask sitting on Greg444 09/21/16 03:13:25 PM
#4792   True!! Probably a good day to sell and Greg444 09/21/16 03:01:47 PM
#4791   but at least we are up today, I jrsh 09/21/16 02:56:25 PM
#4790   The SEC is not going to act without Greg444 09/21/16 02:55:10 PM
#4789   I watch it like a hawk :-) jrsh 09/21/16 02:52:48 PM
#4788   Jrsh, Those Crooks are trying to buy it Greg444 09/21/16 02:48:02 PM
#4787   Oh... yeah... I bet it's Paradigm. lol Z-Axis 09/21/16 02:18:12 PM
#4786 Greg444 09/21/16 01:37:04 PM
#4785   Paradigm? Greg444 09/21/16 01:12:48 PM
#4784   Holding up much better than I thought. jrsh 09/21/16 11:32:35 AM
#4783   One name I've heard thrown around is Teck Z-Axis 09/21/16 10:58:47 AM
#4782   What really drives me crazy about this is jrsh 09/21/16 09:15:29 AM
#4781 Greg444 09/20/16 07:19:52 PM
#4780 Greg444 09/20/16 07:18:24 PM
#4779   Good points Greg444 09/20/16 07:13:55 AM
#4778   Can anybody guess why Polymet was not brought Greg444 09/20/16 07:01:33 AM
#4777   Interesting, thanks. I knew that the Company had Galingale 09/20/16 06:54:10 AM
#4776 Greg444 09/20/16 12:45:39 AM
#4775   Cleveland Cliffs? Greg444 09/20/16 12:40:41 AM
#4774   Wait for the news this coming month regarding waterfrozen 09/19/16 06:28:28 PM
#4773   In response to this and the subsequent conversation Galingale 09/19/16 05:20:49 PM