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Polymet Mining Corp. (PLM)

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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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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
#5697   Interesting... Greg444 02/25/17 09:40:10 PM
#5696   Now you can see the organizational movements are Connsm 02/25/17 05:58:21 AM
#5695   Thank you, I missed you guys. I just Greg444 02/24/17 01:08:10 PM
#5694   Welcome back, Greg. No doubt you have been Galingale 02/24/17 12:58:19 PM
#5693   Trump is awesome for mining, but Minnesota regulation Greg444 02/24/17 12:49:19 PM
#5692   Its politics at its most common denominator. waterfrozen 02/24/17 12:47:29 PM
#5691   It as the US EPA that squashed the waterfrozen 02/24/17 12:46:32 PM
#5690   While that would seem to benefit PLM, isn't ihubmkasp 02/24/17 12:41:45 PM
#5689   This is another add on Polymet's and Jon Connsm 02/24/17 12:35:33 PM
#5688   Bingo water frozen that is what my research Connsm 02/24/17 12:23:06 PM
#5687   unfortunately not. jrsh 02/24/17 12:13:13 PM
#5686   Did you have a position in NAK? waterfrozen 02/24/17 12:11:02 PM
#5685   good choice, you didn't miss anything! jrsh 02/24/17 12:07:51 PM
#5684   Thanks buddy, I had to cool down for Greg444 02/24/17 12:00:49 PM
#5683   welcome back mate!!! :-) jrsh 02/24/17 11:58:44 AM
#5682   Read this article. I hope this article sheds Greg444 02/24/17 11:22:19 AM
#5681 waterfrozen 02/24/17 10:56:26 AM
#5680   I got a kick out of how Cherry waterfrozen 02/24/17 10:50:10 AM
#5679   Won't happened, even when it is approved he trickledownfacists 02/23/17 12:24:58 PM
#5678   At least copper is making good steady gains goldenager 02/23/17 12:21:54 PM
#5677   Haha!! Trickle, yes, but one can hope he Z-Axis 02/23/17 11:52:46 AM
#5676   let's just hope for the best!!! jrsh 02/23/17 11:47:51 AM
#5675   Some good thoughts, Zenner, and I too thought Galingale 02/23/17 11:45:58 AM
#5674   Z The 2016 election in Minnesota we came within Connsm 02/23/17 11:37:55 AM
#5673   Take number 2 and throw it away. trickledownfacists 02/23/17 11:27:38 AM
#5672   I hear ya, I thought the landswap would've Z-Axis 02/23/17 11:25:27 AM
#5671   even if we hear something what could that jrsh 02/23/17 10:27:43 AM
#5670   Mesabi Daily News phone interview with Mr. Cherry... Z-Axis 02/23/17 10:15:00 AM
#5669   it is a low volume day, AGAIN, but jrsh 02/22/17 11:49:11 AM
#5668   Feds allow environmental groups onto lawsuit dealing with trickledownfacists 02/21/17 06:12:12 PM
#5667   NAK still going thru correction or some other goldenager 02/21/17 06:06:20 PM
#5666   I see Eddy from Kenya liked the tweet waterfrozen 02/21/17 12:08:39 PM
#5665   GoPolyMet liked Jobs for Minnesotans's Tweet: Take action Connsm 02/18/17 05:39:44 PM
#5664   Finally it’s safe for the whistleblowers of corrupted jjeeddoo7 02/18/17 12:08:26 PM
#5663   YYYYYYYYYEEEEEEEEEESSSSSSSSSSSSSSSSS Washington (CNN)The Senate confirmed Sco jjeeddoo7 02/18/17 11:48:34 AM
#5662   YEP!!! jrsh 02/18/17 09:49:25 AM
#5661   Just like clockwork will be testing.70's again. waterfrozen 02/18/17 08:25:27 AM
#5660   Amen to that!!! Connsm 02/16/17 03:30:28 PM
#5659   Trump talking live about reducing permitting time for trickledownfacists 02/16/17 01:12:18 PM
#5658   Right out of the gate at 8:30 CST Connsm 02/16/17 09:51:25 AM
#5657   Mad Money Off the charts Cramer went to the Connsm 02/16/17 08:50:35 AM
#5656   Copper Price Forecast, February 2017: Mining Stoppages Support Movement https: Connsm 02/15/17 06:31:32 PM
#5655   Here is the order to reduce 75% of Connsm 02/14/17 04:30:54 PM
#5654   I don't think so, shorties would try to jrsh 02/14/17 02:06:41 PM
#5653   Do you not think it's short-sellers? waterfrozen 02/14/17 01:53:25 PM
#5652   just have a look how nicely they control jrsh 02/14/17 01:49:35 PM
#5651   nope, not for me!!!! jrsh 02/14/17 12:28:01 PM
#5650   Low to mid .80's isn't a great price? waterfrozen 02/14/17 12:19:03 PM
#5649   Even with the correction,which was well overdue, I jrsh 02/14/17 11:07:02 AM
#5648   Still want PLM to follow NAK? Geez, trickledownfacists 02/14/17 10:56:16 AM