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Polymet Mining Corp. (PLM)

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Last Post: 8/18/2017 7:42:58 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) 08/11/2017 01:20:36 PM
PLM News: State Releases Six Draft Water Appropriation Permits for PolyMet Copper-Nickel Project 08/11/2017 01:06:00 PM
PLM News: Report of Foreign Issuer (6-k) 07/20/2017 08:29:32 AM
PLM News: PolyMet Project Update at Shareholders’ Meeting 07/20/2017 07:38:00 AM
PLM News: Report of Foreign Issuer (6-k) 07/06/2017 10:03:40 AM
#5431  Sticky Note U.S. Forest Service Issues Final Record of Decision Paullee 01/09/17 11:31:27 AM
#7654   Moderator note: tdbowieknife 08/18/17 07:42:57 PM
#7653   It looks to me like they are setting waterfrozen 08/18/17 01:44:12 PM
#7649   Uh oh. Looks like .50s back in play. mean weimeraner 08/17/17 03:09:46 PM
#7648   LOWER LOWS. mean weimeraner 08/17/17 11:58:39 AM
#7645   Bahaha "can't be less risky" sounds like desperate mean weimeraner 08/16/17 01:50:36 PM
#7644 thoughtfulinvestor 08/16/17 12:57:09 PM
#7643   Irrelevant. PLM has NO COPPER. mean weimeraner 08/16/17 12:19:06 PM
#7642   There's nothing from the judge or either side. waterfrozen 08/16/17 12:17:42 PM
#7641   Copper almost at $3 per lb. 2.98 today trickledownfacists 08/16/17 12:15:52 PM
#7640   Any updates on PLM court response? trickledownfacists 08/16/17 12:11:27 PM
#7637   Hear that? Sound of the the toilet flushing mean weimeraner 08/16/17 11:00:40 AM
#7635   I could not say it any better. An thoughtfulinvestor 08/16/17 10:03:26 AM
#7633   Issuing draft water use permits is part of waterfrozen 08/16/17 07:37:53 AM
#7629   MN bout to shut this POS down. No mean weimeraner 08/15/17 09:08:51 PM
#7628   Just hot air until proof. trickledownfacists 08/15/17 03:49:49 PM
#7627   What does this even mean? Are you waterfrozen 08/15/17 02:02:46 PM
#7625   DNT SELLING DISCOUNT SHARES - FACT mean weimeraner 08/15/17 12:56:11 PM
#7623   We've long suspected that environmentalists were involved in waterfrozen 08/15/17 12:48:12 PM
#7614   Of course I agree. waterfrozen 08/15/17 09:57:33 AM
#7613   Ohh you agree .50 coming! mean weimeraner 08/15/17 09:53:11 AM
#7612   See you guys in the .50's. This waterfrozen 08/15/17 09:41:36 AM
#7611   Live long and prosper, PLM. waterfrozen 08/15/17 09:10:06 AM
#7610   How so ?? mean weimeraner 08/14/17 03:50:57 PM
#7609   Somebody made a whopping $36 today posting against Trumpcard 08/14/17 03:18:40 PM
#7604   R.I.P POLYMET mean weimeraner 08/14/17 01:51:55 PM
#7603   Yearly move? trickledownfacists 08/14/17 11:12:27 AM
#7602   GAP & TRAP mean weimeraner 08/14/17 09:53:24 AM
#7601   Moving trickledownfacists 08/14/17 09:34:55 AM
#7598   YUP LOOKS LIKE WE WAITING NOTHER YEAR THEN. mean weimeraner 08/13/17 02:42:20 AM
#7596   How about another ten years? PLM would be mean weimeraner 08/12/17 10:51:59 AM
#7595   Well the draft permits are a start. Trumpcard 08/12/17 10:19:05 AM
#7594   If "slow" equals "methodical" then I can agree waterfrozen 08/11/17 04:20:30 PM
#7593   So it seems we both are in the jrsh 08/11/17 04:16:38 PM
#7591   Government moves slow..... trickledownfacists 08/11/17 03:22:15 PM
#7590   The way I see it, I've been holding goldenager 08/11/17 02:30:20 PM
#7589   YUP. I AGREE. NO WONDER THE PPS IS mean weimeraner 08/11/17 02:16:09 PM
#7588   Are we supposed to be impressed? This has Galingale 08/11/17 02:08:55 PM
#7587   State Releases Six Draft Water Appropriation Permits for goldenager 08/11/17 01:54:44 PM
#7586   Hot off the press from PLM: goldenager 08/11/17 01:53:21 PM
#7583 thoughtfulinvestor 08/11/17 10:04:35 AM
#7582   Thanks trickledownfacists 08/10/17 08:31:39 PM
#7581   Polymet's response... tdbowieknife 08/10/17 07:16:49 PM
#7580   Affirm trickledownfacists 08/10/17 03:07:27 PM
#7579   OH NO you don't say!!!! OMG guys! waterfrozen 08/10/17 12:41:04 PM
#7578   True, the Polymet people have done everything they Z-Axis 08/10/17 12:40:58 PM
#7577   You guys... this is scary.. no buyers no mean weimeraner 08/10/17 12:24:25 PM
#7576   No , due to no interest because of mean weimeraner 08/10/17 12:20:39 PM
#7575   Low volume due to no new News. Everyone thoughtfulinvestor 08/10/17 12:14:25 PM
#7574   Yup great and helpful observation. waterfrozen 08/10/17 09:56:54 AM
#7573   Wow a whopping $133 traded lol mean weimeraner 08/10/17 09:45:23 AM