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Polymet Mining Corp. (PLM)

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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) 08/09/2018 04:46:38 PM
PLM News: PolyMet Reports Results for Period Ended June 30, 2018 08/09/2018 04:30:00 PM
PLM News: Report of Foreign Issuer (6-k) 08/09/2018 04:23:09 PM
PLM News: Report of Foreign Issuer (6-k) 06/28/2018 04:46:07 PM
PLM News: PolyMet Completes 6700-Acre Land Exchange with U.S. Forest Service 06/28/2018 04:09:00 PM
PlusOneCoin Top Posts
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#8693  Sticky Note DNR – State Announces Notice of Draft Permit goldenager 01/05/18 09:06:58 AM
#10529   Metal Prices in Rally Mode as Trade Fears trickledownfacists 09/21/18 03:24:36 PM
#10528 trickledownfacists 09/21/18 01:30:39 PM
#10527   Copper making a rebound. Elections are close. trickledownfacists 09/21/18 12:47:26 PM
#10526   Dork Dayton has all the time in the Greg444 09/20/18 06:07:24 PM
#10525   Sorry, I meant 1 share trades Greg444 09/20/18 03:54:45 PM
#10524   OK, now take this as you will. freshfrom/pol/ 09/20/18 03:52:48 PM
#10523   Here we go with the one dollar trades Greg444 09/20/18 03:25:29 PM
#10522   I think that, from a day trading perspective Galingale 09/20/18 10:28:00 AM
#10521   Well, there has been nothing but talk from tdbowieknife 09/19/18 06:10:08 PM
#10520   On a scale of 1 to 10 how freshfrom/pol/ 09/19/18 04:14:17 PM
#10519   This is a good, pragmatic take on the waterfrozen 09/17/18 12:12:16 PM
#10518   Hams, Do you want Copper/Nickel mining in Northern Hams 09/16/18 05:26:49 PM
#10517   Hams, Do you want Copper/Nickel mining in Northern Minnesota? Greg444 09/14/18 03:44:33 PM
#10516   I want $12 and I'm out. Anybody private mrplmer 09/14/18 11:42:45 AM
#10515   well I think it is and always was jrsh 09/12/18 10:13:43 AM
#10514   Yes, the stock is easy to read: Hams 09/12/18 09:45:32 AM
#10513   the stock is pretty easy to read, not jrsh 09/11/18 04:21:47 PM
#10512   Interesting article on the near/distant future of copper... Z-Axis 09/11/18 04:19:47 PM
#10511   You were right on again Jrsh! Your analytical Greg444 09/11/18 02:02:38 PM
#10510   HAHA!! I try :) Z-Axis 09/11/18 01:44:49 PM
#10509   You are like Joe Soucheray! Zenner, you are Greg444 09/11/18 12:43:00 PM
#10508   LOL Yes, it's a frustrating stock to hold, Z-Axis 09/11/18 10:47:03 AM
#10507   Boy am I wrong. I am sick of Greg444 09/10/18 04:25:45 PM
#10506   I think the volume is too low to jrsh 09/10/18 10:47:15 AM
#10505   I believe will be holding over a buck Greg444 09/10/18 10:06:53 AM
#10504   Investors still very reluctant to pay a buck! jrsh 09/10/18 10:02:27 AM
#10501 Gretzk99 09/07/18 03:31:58 PM
#10500   Another run into election season and fall/winter permits? trickledownfacists 09/07/18 03:06:02 PM
#10499   I really do not have a clue! Greg444 09/07/18 12:43:23 PM
#10498   I had no idea the campaign would do Z-Axis 09/07/18 12:40:48 PM
#10497   The new copper/nickel campaign down in Golden Valley; Greg444 09/07/18 12:12:52 PM
#10496   I wonder what's driving this recent surge? Z-Axis 09/07/18 11:53:35 AM
#10495   it's all about buying volume! jrsh 09/07/18 10:10:11 AM
#10494   Well, off to a good start today. freshfrom/pol/ 09/07/18 10:04:28 AM
#10493   needs to clear and hold the 90! jrsh 09/06/18 04:51:58 PM
#10492   It is moving towards a buck like you goldenager 09/06/18 03:05:57 PM
#10491   Yes, it sounds familiar. It is hard not Greg444 09/06/18 02:34:29 PM
#10490   Chile’s Antofagasto is the parent company of Twin Greg444 09/06/18 02:04:25 PM
#10489   Sen Ted Cruz, on Day 2 of the Galingale 09/06/18 12:18:25 PM
#10488   Looks like we are an after hours player Greg444 09/05/18 05:53:46 PM
#10487   We are going to go up past a Greg444 09/04/18 01:32:00 PM
#10486   The DNR websites work for me... tdbowieknife 09/04/18 10:40:26 AM
#10485   Good Point! Greg444 09/04/18 09:58:45 AM
#10484   There is a buyer for every seller. mrplmer 09/04/18 09:56:54 AM
#10483   Almost 100% sells this morning Greg444 09/04/18 09:53:39 AM
#10482   It is going to go up soon. Greg444 09/04/18 09:52:16 AM
#10481   What I always wondered over the years what jrsh 09/04/18 08:42:12 AM
#10480   Well, here we are in the Fall; some Galingale 09/04/18 07:19:33 AM
#10479   Bought some more at .81 Greg444 08/31/18 12:54:37 PM
#10478   Just Day traders loading up after downward manipulation Greg444 08/31/18 12:52:14 PM