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Polymet Mining Corp. (PLM)

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Polymet Mining


Erie Plant formerly owned by LTV Steel Mining Company.

DNR issues permits for NorthMet mining project in northeast Minnesota

November 1, 2018





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.  








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PLM News: Report of Foreign Issuer (6-k) 02/11/2020 04:35:03 PM
PLM News: PolyMet files appeal with Minnesota Supreme Court 02/11/2020 01:05:00 PM
PLM News: Report of Foreign Issuer (6-k) 01/17/2020 03:10:10 PM
PLM News: PolyMet to appeal recent court decision on permits to Minnesota Supreme Court 01/16/2020 08:32:00 AM
PLM News: Report of Foreign Issuer (6-k) 01/13/2020 02:54:53 PM
#11519  Sticky Note Final Federal Permit Issued for PolyMet NorthMet Project half-full 03/22/19 09:18:07 AM
#12250   Still here... tdbowieknife 04/08/20 06:08:10 PM
#12249   you too Greg, thanks!!! jrsh 04/06/20 02:53:50 AM
#12248   Thanks Jrsh! You hang in there too buddy! Greg444 04/04/20 02:01:12 PM
#12247   Hi there, old PLM friends, jrsh 04/02/20 04:10:38 AM
#12246   I hope the appeals court realizes that the goldenager 03/11/20 04:34:24 PM
#12245   PLM lauding their STEM scholarships and proud they Trumpcard 03/09/20 03:45:27 PM
#12244   So anyone have any insight on what’s going goldenager 03/09/20 01:57:20 PM
#12243   Today we are informed who received their mining Galingale 03/09/20 01:51:53 PM
#12242   Anyone know what PLM is doing on the goldenager 03/09/20 09:26:27 AM
#12241   Must've been nothing. Z-Axis 03/03/20 12:50:49 PM
#12240   Anyone know why of the volume/PPS bounce? Weird. Z-Axis 03/03/20 12:06:05 PM
#12239   Minnesota Supreme Court has until "mid-April" to decide Mr-Councilman 02/25/20 03:36:20 PM
#12238   Is there a deadline for the Supreme Court goldenager 02/25/20 01:28:06 PM
#12237   Big uptick like today’s not supposed to happen goldenager 02/13/20 03:42:09 PM
#12236   My only guess is that the DNR filed Z-Axis 02/13/20 12:21:59 PM
#12235   What has prompted today's uptick? Galingale 02/13/20 12:15:04 PM
#12234   https://seekingalpha.com/news/3541471-minnesota-agency-asks-for-reversal-of-ruli Trumpcard 02/12/20 08:37:22 PM
#12233   Didn't quite copy/paste well, but it looks pretty freshfrom/pol/ 02/12/20 08:37:17 PM
#12232   thx Paullee 02/12/20 02:55:57 PM
#12231   https://polymetmining.com/wp-content/uploads/2020/02/2020-02-11-PolyMet-Petition goldenager 02/12/20 02:23:46 PM
#12230   do you have a link Paullee 02/12/20 02:19:34 PM
#12229   So I read in detail the petition to goldenager 02/12/20 12:44:43 PM
#12228   Yep saw that. Hope it gets overturned. If goldenager 02/11/20 01:42:06 PM
#12227   They filed it today. tdbowieknife 02/11/20 01:37:57 PM
#12226   I think they gave till next Thursday to goldenager 02/07/20 02:00:05 PM
#12225   The ppa seems to be doing “relatively well” goldenager 02/07/20 11:11:27 AM
#12224   Have they actually applied to the Supreme Court? Galingale 02/07/20 11:03:24 AM
#12223   just waiting on the courts... again. freshfrom/pol/ 02/07/20 10:24:29 AM
#12222   Any news or insights as of late? goldenager 02/06/20 07:04:20 AM
#12221   https://www.minnpost.com/environment/2020/01/why-the-minnesota-court-of-appeals- Retiredceo 01/20/20 07:33:31 AM
#12220   Does anyone know who was sitting on the Galingale 01/16/20 09:44:33 AM
#12219   Glad to see that the market is seeing goldenager 01/16/20 12:53:46 AM
#12218   The Supreme Court will overturn those knotheads. Shouldn’t Retiredceo 01/15/20 05:32:54 PM
#12217   I was expecting to see .10 or even .5 tdbowieknife 01/15/20 01:31:44 PM
#12216   very curious, I thought for sure it would freshfrom/pol/ 01/15/20 01:28:43 PM
#12215   Seems there is interest in buying. tdbowieknife 01/15/20 11:01:36 AM
#12214   I am so glad we have Trump in Greg444 01/14/20 03:21:17 PM
#12213   Thank you for your input! The Hull Rust Greg444 01/14/20 03:17:49 PM
#12212   They have been mining up there for over tdbowieknife 01/14/20 03:00:34 PM
#12211   Everybody should just pickup and walk away from Greg444 01/14/20 02:01:15 PM
#12210   You can say that again!! Thank you twilltell 01/14/20 10:10:55 AM
#12209   The MN Court of Appeal decision seems deeply Galingale 01/14/20 09:36:46 AM
#12208   Yeah...I’m currently in Eastern time. Just got here...struggling Retiredceo 01/14/20 07:28:44 AM
#12207   Polymet needs to take it to the Supreme Retiredceo 01/13/20 08:25:18 PM
#12206   Trump pushes this thru. Stauber is the face Retiredceo 01/13/20 08:23:55 PM
#12205   * * $PLM Video Chart 01-13-2020 * * ClayTrader 01/13/20 05:20:07 PM
#12204   Anyone care to explain what happened last week? goldenager 01/13/20 02:43:18 PM
#12203   PolyMet reviewing options after Minnesota Court of Appeals goldenager 01/13/20 02:38:23 PM
#12202   More misinformation by the envirowakos. I'm pretty sure tdbowieknife 01/13/20 12:45:08 PM
#12201   The way that this has been reported is Galingale 01/13/20 12:37:32 PM