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Polymet Mining Corp. (PLM)

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Last Post: 7/28/2017 12:26:15 PM - Followers: 67 - Board type: Free - Posts Today: 9

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) 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
PLM News: Rep. Nolan Introduces Land Exchange Legislation for PolyMet NorthMet Project 07/03/2017 07:54:00 AM
PLM News: Report of Foreign Issuer (6-k) 06/15/2017 04:54:45 PM
#5431  Sticky Note U.S. Forest Service Issues Final Record of Decision Paullee 01/09/17 11:31:27 AM
#7507   Remember what the dems faces looked like when waterfrozen 07/28/17 12:26:15 PM
#7506   Do you have an anti-sulfide sign in your waterfrozen 07/28/17 11:41:44 AM
#7505   De-listing on the NYSE MKT has nothing to Galingale 07/28/17 11:33:49 AM
#7504   Wow polymet volume get any lower might end mean weimeraner 07/28/17 11:21:21 AM
#7503   Yes, the environmentalist zealots are really rattled! Same Galingale 07/28/17 09:55:38 AM
#7502   Here is a striking example of what PLM waterfrozen 07/28/17 08:41:17 AM
#7501   Legislation still needed--badly. They will just re-file waterfrozen 07/28/17 08:21:12 AM
#7500   Does anyone have any thoughts on what would Trumpcard 07/28/17 08:16:54 AM
#7499   govtrac just changed HR 3115's prognosis from 16% waterfrozen 07/28/17 08:16:00 AM
#7498   I hear Weimaraner does not usually drink beer, Greg444 07/27/17 10:51:30 PM
#7496 Greg444 07/27/17 03:10:35 PM
#7495   Exactly, I know BP has already taken a Z-Axis 07/27/17 11:36:52 AM
#7494   Everyone hear that? Since some folks in waterfrozen 07/27/17 11:12:42 AM
#7493   Go drive around lakeside folks got em in mean weimeraner 07/27/17 11:06:44 AM
#7492   Its up to each business to make their waterfrozen 07/27/17 11:04:02 AM
#7491   Yup--its great news. The house and senate waterfrozen 07/27/17 10:58:04 AM
#7490   Where did you see the anti-plm signs when waterfrozen 07/27/17 10:56:40 AM
#7489   Date 07/26/2017 Ordered to be Reported (Amended) by the Yeas E-bo 904 07/27/17 10:53:16 AM
#7488   The beer sucks anyway mean weimeraner 07/27/17 10:50:36 AM
#7487   Yup, BP and a handful of other businesses Z-Axis 07/27/17 10:49:48 AM
#7486   I know that they are fervently against PLM waterfrozen 07/27/17 10:40:08 AM
#7485   Lmao what do you know about the bent mean weimeraner 07/27/17 10:35:14 AM
#7484   Any particular areas in Duluth? Maybe the waterfrozen 07/27/17 10:33:16 AM
#7483   No, but Duluth sure does mean weimeraner 07/27/17 10:20:39 AM
#7482   Any anti-PLM signs in "Rice Lake City"? waterfrozen 07/27/17 10:07:40 AM
#7481   Both govtrac and congressional site are updated to waterfrozen 07/27/17 08:43:26 AM
#7477   Tomorrow and the rest of the week should waterfrozen 07/26/17 03:03:51 PM
#7475   Copper mining supporters turn out in force at trickledownfacists 07/26/17 01:51:55 PM
#7473   No hope mean weimeraner 07/26/17 01:46:44 PM
#7472   Walz will solidify the non metro/ rural DFL Greg444 07/26/17 01:39:05 PM
#7471   Excellent! Dayton is on an island with waterfrozen 07/26/17 01:34:40 PM
#7470   Franken and Klobuchar already said, on record, that Greg444 07/26/17 01:31:55 PM
#7469   HR 3115 will pass the house. As waterfrozen 07/26/17 01:27:08 PM
#7468   I sure hope so. I'm betting a lot Z-Axis 07/26/17 01:07:58 PM
#7467   Solid news, this should start to bounce. trickledownfacists 07/26/17 12:59:33 PM
#7466   Thanks. trickledownfacists 07/26/17 12:50:46 PM
#7465   BOOM!!!!!!! Thanks for that! waterfrozen 07/26/17 12:48:55 PM
#7464   Just heard from Up North Jobs (on facebook) Z-Axis 07/26/17 12:03:45 PM
#7463   All Fake news outlets are crying factual Trumpcard 07/26/17 11:03:35 AM
#7462   Desperation! Maccabee must have got wind of the Galingale 07/26/17 10:44:56 AM
#7461 mean weimeraner 07/26/17 09:09:25 AM
#7460   I cannot blame them at all dog Greg444 07/25/17 11:52:43 PM
#7459   Can you blame them mean weimeraner 07/25/17 11:19:31 PM
#7458   I bet a lot of investors hit their Greg444 07/25/17 03:46:46 PM
#7457   Not yet.......just 21:36 here!!! jrsh 07/25/17 03:40:53 PM
#7456   Jrsh is probably getting some shut eye in Greg444 07/25/17 03:26:32 PM
#7455   They are having a hard time because some waterfrozen 07/25/17 02:33:14 PM
#7454   Jrsh, pls give us a play-by-play analysis here. goldenager 07/25/17 02:23:53 PM
#7453   Yea, it's a pump and dump. All pump E-bo 904 07/25/17 12:54:48 PM
#7452   Yup, copper making a sustained run. trickledownfacists 07/25/17 12:53:22 PM