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Polymet Mining Corp. (PLM)

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Last Post: 6/26/2017 5:50:18 PM - Followers: 67 - Board type: Free - Posts Today: 27

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) 06/15/2017 04:54:45 PM
PLM News: PolyMet Strengthens Finance Team; Patrick Keenan Appointed Chief Financial Officer; Douglas Newby to Focus on Project Finance 06/15/2017 04:41:00 PM
PLM News: Report of Foreign Issuer (6-k) 06/09/2017 08:23:50 AM
PLM News: PolyMet Reports First Quarter Fiscal 2018 Results 06/09/2017 08:04:00 AM
PLM News: Report of Foreign Issuer (6-k) 06/08/2017 05:06:25 PM
#5431  Sticky Note U.S. Forest Service Issues Final Record of Decision Paullee 01/09/17 11:31:27 AM
#7140   If we had a news agency in Minnesota Greg444 06/26/17 05:50:18 PM
#7139   Dear PolyMet Supporter: jrsh 06/26/17 04:26:34 PM
#7138   Well it is not over! The GOP sued Greg444 06/26/17 03:55:27 PM
#7137 waterfrozen 06/26/17 03:51:50 PM
#7136   This information was from my Range DFL delegate Greg444 06/26/17 03:43:36 PM
#7135   I believe I posted this after the session. Connsm 06/26/17 03:25:00 PM
#7134   Our buddy, Liberal Environmentalist Pandering Mark, has line Greg444 06/26/17 03:25:00 PM
#7133   Interesting article-- waterfrozen 06/26/17 02:54:17 PM
#7132   Well you know in my opinion it is jrsh 06/26/17 01:48:42 PM
#7131   I've been trying to wrap my head around waterfrozen 06/26/17 01:38:20 PM
#7130   Under NORMAL circumstances yes, but it seems the jrsh 06/26/17 01:19:53 PM
#7129   At some point this has to become highly waterfrozen 06/26/17 01:12:45 PM
#7128   If nothing major happens it's probably trading flat jrsh 06/26/17 12:51:24 PM
#7127   For crying out loud, if this stock isn't waterfrozen 06/26/17 11:29:14 AM
#7126   Here is the website. Connsm 06/26/17 11:19:33 AM
#7125   Here is a invite to the people of Connsm 06/26/17 11:12:44 AM
#7124   Its going to be an exciting summer! waterfrozen 06/26/17 11:02:01 AM
#7123   Thanks! Connsm 06/26/17 09:53:19 AM
#7122   Don't know but don't relay on L2, somehow jrsh 06/26/17 09:48:14 AM
#7121   Jrsh What's going on with level two first purchase Connsm 06/26/17 09:44:07 AM
#7120   I hope he succeeds on this!!!! jrsh 06/26/17 09:17:26 AM
#7119 Connsm 06/26/17 09:17:11 AM
#7118   If the SEC is investigating the manipulation of Connsm 06/26/17 07:24:08 AM
#7117   I think we will start seeing buying pressure Greg444 06/26/17 06:34:32 AM
#7116   it tells us that somebody is trying very jrsh 06/26/17 06:16:20 AM
#7115   What does this tell us? Greg444 06/26/17 05:39:02 AM
#7114   800k shares traded on the flat line :-( jrsh 06/26/17 05:29:29 AM
#7113   This is what our board is facing too! Connsm 06/25/17 08:31:53 PM
#7112   You are looking at maybe 3% of Minnesotans Connsm 06/25/17 08:18:59 PM
#7111   You have excellent ideas. I have gone to Greg444 06/25/17 07:54:55 PM
#7110   Now that I know that somebody will be Greg444 06/25/17 04:15:55 PM
#7109   I keep saying! All the Northerners need to Connsm 06/25/17 04:07:05 PM
#7108   There is one thing we need to clear Greg444 06/25/17 03:31:00 PM
#7107   Thank you Greg I got into this investment by Connsm 06/25/17 11:14:39 AM
#7106   Here is something else to ponder...most copper/nickel mines Trumpcard 06/25/17 10:14:08 AM
#7105   Interesting. Since the article was written, the price hacked-off 06/25/17 07:17:32 AM
#7104   You have been informing people of this all Greg444 06/25/17 05:50:15 AM
#7103   Great find Greg! It helps to put a value Connsm 06/24/17 05:06:18 AM
#7102   I believe somebody already posted this, but I Greg444 06/24/17 12:51:52 AM
#7101   Me too, but my saving grace has been Greg444 06/23/17 07:14:16 PM
#7100   Waterfrozen: If it makes you feel any better, I hacked-off 06/23/17 06:25:21 PM
#7099   At least you can tell him that you jrsh 06/23/17 02:27:42 PM
#7098   I have an appointment with my financial planner waterfrozen 06/23/17 12:37:52 PM
#7097   Thank god for US Rep Nolan. After his Greg444 06/23/17 12:16:06 PM
#7096   Take note Northern Minnesota! We have two federal Greg444 06/23/17 12:08:45 PM
#7095   You have to wonder if the company is waterfrozen 06/23/17 10:29:14 AM
#7094   The appearances of our news papers and media Connsm 06/23/17 09:00:22 AM
#7093 waterfrozen 06/23/17 08:25:37 AM
#7092   :/) yep! Connsm 06/22/17 08:58:32 PM
#7091   Oh I see. This has nothing to do Greg444 06/22/17 08:41:21 PM