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Polymet Mining Corp. (PLM)

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Last Post: 9/18/2017 11:37:44 PM - Followers: 67 - 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) 09/15/2017 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
PLM News: Report of Foreign Issuer (6-k) 09/14/2017 05:22:57 PM
#7818  Sticky Note Moderator note: Again... tdbowieknife 09/15/17 08:39:25 PM
#7845   Nice volume today. May cross 50 day thoughtfulinvestor 09/18/17 11:37:44 PM
#7844   That's right PLM using dirty liberal democrat tactics mean weimeraner 09/18/17 03:38:39 PM
#7843   Bill Nolan has some experience with legislating land ricordea 09/17/17 10:02:32 AM
#7842   I see liberal Democrats are little Peeved that Trumpcard 09/17/17 09:35:20 AM
#7841   bro why do this by trashing? IN The Mouth Of Madness 09/16/17 12:25:02 PM
#7840   Racketeering and meddling in local elections for PROFIT mean weimeraner 09/16/17 12:05:32 PM
#7839   Money changes everything. Start coopting leaders and organization mrplmer 09/16/17 10:35:36 AM
#7838   One would think that the environmentalist nuts would tdbowieknife 09/16/17 10:08:00 AM
#7837   UPDATE: Minnesota changes wild rice rules from sulfate tdbowieknife 09/16/17 09:56:46 AM
#7836   100% ON TOPIC!!!! LOL jrsh 09/16/17 09:27:57 AM
#7835   PLM RACKETEERING NAIL IN COFFIN mean weimeraner 09/16/17 09:27:39 AM
#7827   Minnesota Releases Draft Dam Safety Permits for PolyMet tdbowieknife 09/15/17 10:45:23 PM
#7820   A snippet... tdbowieknife 09/15/17 09:07:33 PM
#7819   Repost the news you posted minus the first tdbowieknife 09/15/17 08:55:04 PM
#7818   Moderator note: Again... tdbowieknife 09/15/17 08:39:25 PM
#7815   dnt confirmed front page!!! polymet "MEDDLING" in local mean weimeraner 09/14/17 12:34:01 PM
#7809   Only way to make money off this wannabe mean weimeraner 09/13/17 01:07:01 PM
#7808   I am for clean water. waterfrozen 09/13/17 12:09:41 PM
#7806   RIP POS PLM. Short this to .00 dul4clnh20 09/13/17 12:02:31 PM
#7805   Its always good to know where a person waterfrozen 09/13/17 11:41:15 AM
#7804   Ha! Yeah right trickledownfacists 09/13/17 11:35:52 AM
#7803   They ARE NOT INTERESTED in money. Just clean water!!!!!! mean weimeraner 09/13/17 11:32:29 AM
#7802   Sorry not following what you mean? waterfrozen 09/13/17 11:28:53 AM
#7801   So coopt them. Pay them a percentage of mrplmer 09/13/17 10:48:49 AM
#7800   Gotta love the DFL. From Washington to trickledownfacists 09/13/17 10:37:29 AM
#7799   Yup. More DELAYS what's NEW?! mean weimeraner 09/13/17 10:11:18 AM
#7798   Duluth for Clean Water fighting hard to get waterfrozen 09/13/17 08:12:36 AM
#7794   YEAH WASTING MORE TAX DOLLARS PUT THIS POS mean weimeraner 09/12/17 05:42:38 PM
#7793   The 30 day comment period on the water trickledownfacists 09/12/17 02:22:51 PM
#7792   I'm not--just found it funny. It started waterfrozen 09/12/17 12:43:16 PM
#7791   A bill to track cancer in firefighters only trickledownfacists 09/12/17 12:38:41 PM
#7790   HR 3115 just dropped to 15% probability from waterfrozen 09/12/17 12:24:53 PM
#7789   Not going to break .64 until some BS waterfrozen 09/12/17 12:06:19 PM
#7788   Bleeding to new lows mean weimeraner 09/12/17 11:57:03 AM
#7787   Two weeks of struggling to break .64 trickledownfacists 09/12/17 11:10:30 AM
#7786   Not without progress. Meaningful progress. waterfrozen 09/11/17 12:38:11 PM
#7785   Are we going to break thru the 50-day thoughtfulinvestor 09/11/17 11:52:22 AM
#7784   Luckily "IMHO" doesn't matter to PLM and neither waterfrozen 09/11/17 11:14:28 AM
#7783   Duluth for clean water shutting this down IMHO mean weimeraner 09/11/17 10:59:20 AM
#7782   Wall doesn't matter. PLM will be up waterfrozen 09/11/17 10:42:20 AM
#7780   Big wall.. yikes mean weimeraner 09/11/17 10:11:25 AM
#7779   No visible wall up yet!!!! jrsh 09/11/17 10:08:47 AM
#7778   So it looks like Tom Emmer's amendment to waterfrozen 09/08/17 01:36:10 PM
#7777   I bet you are extremely happy that Water waterfrozen 09/08/17 12:49:44 PM
#7776   Doubt it mean weimeraner 09/08/17 12:41:59 PM
#7775   150k on the ask....40k gone already!!!! jrsh 09/08/17 11:55:58 AM
#7774   I bet lots of people talking about PLM waterfrozen 09/08/17 10:27:46 AM
#7773   Nope still in St. Louis county ;) mean weimeraner 09/08/17 10:12:42 AM
#7772   Did you move? waterfrozen 09/08/17 10:04:23 AM
#7771   Ok thanks I thought I heard someone in mean weimeraner 09/08/17 09:45:42 AM