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Polymet Mining Corp. (PLM)

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Last Post: 12/16/2017 7:51:14 AM - Followers: 68 - Board type: Free - Posts Today: 1

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) 12/13/2017 03:07:28 PM
PLM News: PolyMet Submits Financial Assurance Estimate to DNR in Updated Permit Application 12/13/2017 02:04:00 PM
PLM News: Report of Foreign Issuer (6-k) 12/08/2017 06:02:44 AM
PLM News: PolyMet Reports Third Quarter Fiscal 2018 Results 12/07/2017 05:28:00 PM
PLM News: Report of Foreign Issuer (6-k) 12/07/2017 05:24:19 PM
#8222  Sticky Note Yup trickledownfacists 11/28/17 08:33:19 PM
#8519   Ok. You are right. I'm selling everything on Monday. waterfrozen 12/16/17 07:51:14 AM
#8518   Lol Greg444 12/15/17 09:45:18 PM
#8517   When I lived in MN I blamed odd trueblue 12/15/17 07:20:11 PM
#8516   Not true PLM actively diluting and has been Mean Weimaraner 12/15/17 05:37:30 PM
#8515   It is disgustedly humorous; It is the stock Greg444 12/15/17 05:35:04 PM
#8514   I had to laugh today I pulled my trueblue 12/15/17 05:20:59 PM
#8513   Glencore will be the Buyer. mrplmer 12/15/17 05:06:39 PM
#8512   Sounds like Klobuchar is busy fighting the net Greg444 12/15/17 03:55:46 PM
#8511   I would concur with that... Trumpcard 12/15/17 02:51:34 PM
#8510   Affirm trickledownfacists 12/15/17 02:18:53 PM
#8509   PLM would reverse split before they issued more shares. waterfrozen 12/15/17 02:08:59 PM
#8508   So the low pps may be beneficial to Greg444 12/15/17 02:02:21 PM
#8507   Plausible- good theory. The volume is picking Greg444 12/15/17 01:44:05 PM
#8506   Here’s my thoughts on keeping the PPS low. Trumpcard 12/15/17 01:38:12 PM
#8504   SENATOR AMY KLOBUCHAR: PHONE: (202) 224-3244 Minnesota appointed Greg444 12/15/17 11:56:15 AM
#8502   Twin metals buy out..... I got in trickledownfacists 12/15/17 11:49:18 AM
#8501   Yeah look at the Twin Metals but out. trickledownfacists 12/15/17 11:48:21 AM
#8500   However--its not a lock to say that buy waterfrozen 12/15/17 11:31:02 AM
#8499   Strange world, isn't it!!! LOL jrsh 12/15/17 11:28:37 AM
#8498   I get your point--but I'm speaking from their waterfrozen 12/15/17 11:25:57 AM
#8497   Still I don't understand why a low pps jrsh 12/15/17 11:23:24 AM
#8496   Its all, as another person just posted, part waterfrozen 12/15/17 11:20:16 AM
#8495   Yup--the DFCW site is buzzing! Your little waterfrozen 12/15/17 11:14:47 AM
#8494   I have not called Smith yet, but I waterfrozen 12/15/17 11:11:48 AM
#8493   Call Klobachar and Smith and tell them you trickledownfacists 12/15/17 10:46:38 AM
#8492   What I do not understand....why would the enviros jrsh 12/15/17 10:45:50 AM
#8491   So the 1,500 sell order I put in trueblue 12/15/17 10:45:15 AM
#8490   Battle is far from over Mean Weimaraner 12/15/17 10:36:58 AM
#8489   The environmentalists are in a frenzy right now waterfrozen 12/15/17 10:32:33 AM
#8487   God Save the Republic Greg444 12/14/17 02:44:55 PM
#8486   Lots of 300 trades....hmmm I wonder what that means? Trumpcard 12/14/17 02:43:15 PM
#8484   Now we have a bid on deck for Greg444 12/14/17 01:26:58 PM
#8483   Come on Klobuchar - get 3115 out on Greg444 12/14/17 01:18:29 PM
#8482   yep, and it is a good reference where jrsh 12/14/17 01:08:29 PM
#8480   come on...and they have to signal each other jrsh 12/14/17 12:58:46 PM
#8479   1 or 100 means I need shares 2 or Trumpcard 12/14/17 12:43:39 PM
#8478   They are signals between MM’s.... Trumpcard 12/14/17 12:39:08 PM
#8477   we have seen this before a couple of jrsh 12/14/17 12:32:59 PM
#8476   all the symptoms of Naked Shorting with borrowed Trumpcard 12/14/17 12:23:25 PM
#8475   You guys know I am not an expert, Greg444 12/14/17 11:26:29 AM
#8474   Still my old question.....who has all those millions jrsh 12/14/17 11:08:44 AM
#8473   Layers of bids I wish I had some bud Greg444 12/14/17 11:05:16 AM
#8472   I will be positive and interpret that we Greg444 12/14/17 11:04:40 AM
#8471   Endless feeding of the bid. waterfrozen 12/14/17 11:00:48 AM
#8470   I will answer with: I do not know. Greg444 12/14/17 10:53:09 AM
#8469   Again--whats with the pre-market sells? I guess waterfrozen 12/14/17 08:54:10 AM
#8468   Revised Permit to Mine Application and Appendices tdbowieknife 12/13/17 06:35:03 PM
#8467   Not until permits are in hand. See, no need trickledownfacists 12/13/17 05:36:34 PM
#8466 Greg444 12/13/17 04:50:27 PM
#8465   I’m wondering if we might have institutional buy-ins Greg444 12/13/17 04:01:49 PM