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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

http://news.dnr.state.mn.us/2018/11/01/dnr-issues-permits-for-northmet-mining-project-in-northeast-minnesota/




Website:

www.polymetmining.com/

 

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.

KARE 11

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

http://www.youtube.com/watch?v=e_JyLNpS-e8&app=desktop


POLYMET INVESTOR PRESENTATION   May 2012 

http://www.polymetmining.com/uploads/PLM_Presentation_2012_05.pdf


POLYMET INVESTOR PRESENTATION   August 2011

http://www.polymetmining.com/uploads/PLM_Presentation_2011_08.pdf
 


Minnesota DNR  Polymet Mining/Northmet Project FEIS now DONE!

http://www.dnr.state.mn.us/input/environmentalreview/polymet/index.html


US Forest Service

Links to draft record of decision issued by the US Forest Service regarding the land exchange.  

http://www.fs.usda.gov/wps/portal/fsinternet/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3gDfxMDT8MwRydLA1cj72BTUwMTAwgAykeaxRtBeY4WBv4eHmF-YT4GMHkidBvgAI6EdIeDXIvfdrAJuM3388jPTdUvyA2NMMgyUQQAyrgQmg!!/dl3/d3/L2dJQSEvUUt3QS9ZQnZ3LzZfS000MjZOMDcxT1RVODBJN0o2MTJQRDMwODQ!/?project=33908
 

 News:

http://www.cnbc.com/2015/12/21/the-associated-press-epa-backs-final-environmental-review-for-polymet-mine.html

http://finance.yahoo.com/news/polymet-final-eis-completed-demonstrates-134713450.html

http://finance.yahoo.com/news/polymet-receives-6-million-secured-142656586.html

http://ih.advfn.com/p.php?pid=nmona&article=69199917

http://www.marketwatch.com/story/polymet-reports-progress-on-environmental-review-2012-05-23-8173336
 

JJ's links

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119390024

 

Other mods place content below this line

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PLM News: Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) 05/12/2022 12:32:28 PM
PLM News: Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) 05/06/2022 08:56:56 AM
PLM News: Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) 03/30/2022 03:22:06 AM
PLM News: PolyMet Mining GAAP EPS of $0.15 03/17/2022 01:28:58 PM
PLM News: Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3) of the Exchange Act (irannotice) 03/17/2022 01:16:53 PM
PostSubject
#12648   I fancy it is the usual 'no news' Galingale 05/10/22 06:44:49 AM
#12647   Did we get some bad news for the goldenager 05/10/22 01:00:44 AM
#12646   Minn. Justices To Review PolyMet Water Permit Process Paullee 04/20/22 02:34:12 PM
#12645   Paul Starting May 3, the US Army Corps of Paullee 04/16/22 04:36:47 PM
#12644   I can only assume this would do it: https://nypost.com/2022/03/30/tesla-signs-se Z-Axis 03/31/22 12:48:05 PM
#12643   Any ideas what is causing this uptick today? goldenager 03/31/22 10:45:40 AM
#12642   Thanks for this. Was wondering what was going goldenager 03/31/22 12:23:36 AM
#12641   This might add to why Poly's up today... Z-Axis 03/30/22 02:04:06 PM
#12640   Yup, certainly surprised it's been range-bound. Z-Axis 03/30/22 02:02:42 PM
#12639   Luckily holding pretty strong at 3.50 goldenager 03/30/22 03:42:21 AM
#12638   I fully expect it to flutter back down Z-Axis 03/10/22 03:45:47 PM
#12637   And... Back to 3 bucks. tdbowieknife 03/10/22 11:30:19 AM
#12636   Amen!! I had cut back my shares a trueblue 03/08/22 10:09:58 PM
#12635   lol glad someone is... waterfrozen 03/08/22 04:43:25 PM
#12634   BOOMTOWN USA! INVESTORS & TRADERS MAKIN BANK > PLM. crudeoil24 03/08/22 11:57:39 AM
#12633   Please be advised that a number of us Galingale 03/08/22 09:47:50 AM
#12631   CEO Cherry cited as recent examples of significant crudeoil24 03/08/22 09:03:17 AM
#12630   PolyMet is a mine development company that owns crudeoil24 03/08/22 09:02:21 AM
#12629   Most of the known resources of nickel and crudeoil24 03/08/22 08:19:06 AM
#12628   Minnesota is #1 when it comes to nickel! crudeoil24 03/08/22 08:18:53 AM
#12627   NICKEL > "The NorthMet mine will feed a crudeoil24 03/08/22 08:17:37 AM
#12626   No way we could be that lucky... This tdbowieknife 03/08/22 08:15:15 AM
#12625   The permit to mine was suspended by the courts. tdbowieknife 03/08/22 08:13:35 AM
#12624   PLM has permits! Get up to speed! Go PLM..... crudeoil24 03/08/22 08:11:47 AM
#12623   Yeah... Problem is, they still need a permit tdbowieknife 03/08/22 08:10:10 AM
#12622   EV builders including TSLA are in dire need crudeoil24 03/08/22 08:09:11 AM
#12621   PLM IS A GREAT $$$$$ OPPORTUNITY!!!!! crudeoil24 03/08/22 08:05:45 AM
#12620   https://charts.stocktwits.com/production/original_442014507.png G2G 03/08/22 07:49:41 AM
#12619   Looks like it's due to Nickel speculation. A Z-Axis 03/08/22 07:43:52 AM
#12618   Over $4 in pre-market trading. Circa 3m trades. Galingale 03/08/22 07:31:34 AM
#12617   "The NorthMet mine will feed a critical supply crudeoil24 03/08/22 07:29:07 AM
#12616   HUGE SHORTAGE OF NICKEL! > the EV crudeoil24 03/08/22 07:26:56 AM
#12615   I just noticed that NAK jumped about the Z-Axis 03/07/22 04:33:57 PM
#12614   Yes, I recall you mentioned that. So someone Agent92260 03/07/22 04:22:18 PM
#12613   I've got nothing. As far as I know, Z-Axis 03/07/22 01:35:21 PM
#12612   Huge volume. Anyone know why? Agent92260 03/07/22 12:51:49 PM
#12611   Dear Polymet Supporter: Paullee 02/16/22 01:28:33 PM
#12610   The news from the 14th... tdbowieknife 02/16/22 07:31:13 AM
#12609   Yes... They know'em when they see'em and still tdbowieknife 02/09/22 06:22:02 PM
#12608   It would be nice too see them follow Connsm 02/09/22 02:22:56 PM
#12607   Nope, it won't because there are no consequences tdbowieknife 01/26/22 10:31:02 AM
#12606   Hopefully, this will go the same way as Galingale 01/26/22 10:03:57 AM
#12605   will it ever stop Paullee 01/26/22 09:44:35 AM
#12604   Yep... No PR on this court decision, a tdbowieknife 01/26/22 07:28:29 AM
#12603   Yeah, I really wish the IR part of Z-Axis 01/25/22 02:01:33 PM
#12602   Thanks, again, this time for the useful information Galingale 01/25/22 06:25:19 AM
#12601   I'm coming up on 63... I think it tdbowieknife 01/24/22 07:57:43 PM
#12600   I heard the court's decision on the permit Z-Axis 01/24/22 07:53:24 PM
#12599   I hear ya, dude. I recently turned 50 Z-Axis 01/24/22 07:48:07 PM
#12598   You mentioned this earlier this month and the Agent92260 01/24/22 06:59:05 PM
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