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Polymet Mining Corp. (PLM)

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Last Post: 4/24/2017 10:56:13 PM - Followers: 64 - 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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Current Price
Bid Ask Day's Range
PLM News: Report of Foreign Issuer (6-k) 04/21/2017 07:31:38 AM
PLM News: PolyMet Reports Fiscal 2017 Results 04/21/2017 07:30:00 AM
PLM News: Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3) of the Exchange Act (irannotice) 04/21/2017 06:03:32 AM
PLM News: Annual Report (foreign Private Issuer) (40-f) 04/20/2017 04:49:24 PM
PLM News: Report of Foreign Issuer (6-k) 01/09/2017 11:47:55 AM
#5431  Sticky Note U.S. Forest Service Issues Final Record of Decision Paullee 01/09/17 11:31:27 AM
#6131   IMHO the price will appreciate significantly as soon Plm1 04/24/17 10:56:13 PM
#6130   I value everyones posts on this message board. Plm1 04/24/17 10:52:46 PM
#6129   E-bo904 You hit it on the nose! All these Connsm 04/24/17 10:42:55 PM
#6128   Water Frozen, The Governor had the Senate Rep E-bo 904 04/24/17 09:59:25 PM
#6127   I saw that too but had a hard waterfrozen 04/24/17 07:45:14 PM
#6126   Its coming! Connsm 04/24/17 06:55:41 PM
#6125   Interesting words used by Governor Dayton at the waterfrozen 04/24/17 05:10:09 PM
#6124   Wow--the day ended on a 1000 share buy waterfrozen 04/24/17 04:04:57 PM
#6123   I apologize I will should be more positive Greg444 04/24/17 02:07:34 PM
#6122   Just some rich dude or chick trying to Greg444 04/24/17 02:06:35 PM
#6121   That's is what I'm seeing to! Twin metals Connsm 04/24/17 01:26:11 PM
#6120   Just waiting for the daily 50K dump into waterfrozen 04/24/17 01:17:42 PM
#6119   These same clowns probably believe Al Gore invented Greg444 04/24/17 11:41:37 AM
#6118   Completely agree--sad but true that metro environmental money waterfrozen 04/24/17 11:32:32 AM
#6117   I can afford to lose my Plm too. Greg444 04/24/17 11:27:25 AM
#6116   Yup copy that. This is why I waterfrozen 04/24/17 11:17:59 AM
#6115   I concur Water...PLM had real potential two yrs Trumpcard 04/24/17 10:58:15 AM
#6114   I agree with you in principle and logic waterfrozen 04/24/17 10:41:07 AM
#6113   Imo...this will move above $1 before Jul 17. Trumpcard 04/24/17 10:30:47 AM
#6112   They are trying to move the needle up waterfrozen 04/24/17 10:07:11 AM
#6111   There seem to be some movement in consolidating Connsm 04/24/17 09:57:59 AM
#6110   I don't have much--just casual observations. I waterfrozen 04/24/17 09:33:10 AM
#6109   Thanks Waterfrozen great post I just got too Connsm 04/22/17 06:32:22 PM
#6108   Sorry after I post this I will close Connsm 04/21/17 04:50:16 PM
#6107   Same here I'm taking the rest of the Connsm 04/21/17 04:01:16 PM
#6106   Thanks, I am going to shut up for Greg444 04/21/17 03:13:03 PM
#6105   Good recover! Connsm 04/21/17 03:09:51 PM
#6104   Don't you mean dead last:/( Connsm 04/21/17 03:09:12 PM
#6103   Wait...... My wife is first love... I think? Greg444 04/21/17 02:37:35 PM
#6102   Another dynamic for the board to keep an Greg444 04/21/17 02:18:06 PM
#6101   that insider(s) would need very deep pockets as well. jrsh 04/21/17 01:58:52 PM
#6100   I just hope its not an insider.... waterfrozen 04/21/17 01:49:55 PM
#6099   Iron ore and steel can't pull up. Poly Greg444 04/21/17 01:25:08 PM
#6098   I believe this is going to be drawing Greg444 04/21/17 01:19:21 PM
#6097   like clock work.....and I'm still VERY puzzled from jrsh 04/21/17 01:14:08 PM
#6096   Mismanaged state government Greg444 04/21/17 01:11:30 PM
#6095   Probably the best kept secret because it is Galingale 04/21/17 12:34:29 PM
#6094   At the 2016 annual stockholders meeting all the Connsm 04/21/17 12:03:16 PM
#6093   It comes every day--another 50000 into the bid. waterfrozen 04/21/17 12:00:55 PM
#6092   Bruce Richardson recently worked on the Dodge-Safford project waterfrozen 04/21/17 11:56:46 AM
#6091   I feel sure that they will continue a Galingale 04/21/17 11:17:49 AM
#6090   IMHO very likely both of it jrsh 04/21/17 11:15:02 AM
#6089   The one that has me wondering is the waterfrozen 04/21/17 10:54:45 AM
#6088   That is why the best defense is a Connsm 04/21/17 09:04:12 AM
#6087   Polymet GOALS AND OBJECTIVES FOR THE NEXT TWELVE Connsm 04/21/17 08:35:05 AM
#6086   There will be a negative blitz in the waterfrozen 04/21/17 08:16:46 AM
#6085   Favorable Press Coverage Extremely Likely to Impact Polymet Connsm 04/20/17 11:19:23 PM
#6084   They need too pump it up!!! The timing Connsm 04/20/17 11:10:55 PM
#6083   I will try to do more with the Greg444 04/20/17 10:05:10 PM
#6082   Setup a go fund me sight and have Connsm 04/20/17 09:25:11 PM