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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) 11/01/2018 01:16:14 PM
PLM News: Minnesota Issues Permit to Mine for PolyMet Copper-Nickel Mine 11/01/2018 01:04:00 PM
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
PlusOneCoin Top Posts
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#10740  Sticky Note DNR issues permits for NorthMet mining project in tdbowieknife 11/01/18 06:59:20 PM
#10944   Because they have no real interest to get jrsh 11/12/18 02:06:15 PM
#10943   Current share price is 87 cents, which is Galingale 11/12/18 12:20:14 PM
#10942   On the Iron Range, new hopes and new trickledownfacists 11/10/18 10:01:38 PM
#10940   PLM still needs approval from the Army Engineers leggmason 11/10/18 09:09:45 AM
#10939   Recession Ahead? Watch Dr. Copper BleeckerStreet 11/09/18 03:39:16 PM
#10938   Sorry blue but I'm not emotionally attached to mrplmer 11/09/18 05:43:17 AM
#10937   It is to bad that groups or individuals trueblue 11/08/18 10:14:54 PM
#10936   I like your handle!! It's odd because I trueblue 11/08/18 10:04:06 PM
#10935   Yes. 2 more from MPCA and army corps trickledownfacists 11/08/18 03:28:48 PM
#10934   Oh... sh!t... yeah... I see what you're saying Z-Axis 11/08/18 03:22:50 PM
#10933   Clean Water Groups Ask Regulators to Put PolyMet trickledownfacists 11/08/18 02:46:44 PM
#10932   ? All dnr permits have been issued. trickledownfacists 11/08/18 02:33:29 PM
#10931   Well, the Permit Processes pdf has been updated Z-Axis 11/08/18 12:49:56 PM
#10930   Welllllllllllllllll why is the stock dropping. Nothing happens mrplmer 11/08/18 11:35:29 AM
#10929   There is nooooo indication at all that ANYBODY jrsh 11/08/18 10:10:03 AM
#10928   Hope Freeport McMoran is loading up. mrplmer 11/08/18 09:45:34 AM
#10927   Could be a loading zone at these pps? trueblue 11/07/18 06:24:43 PM
#10926   Yawn......SOS back to the same old story BleeckerStreet 11/07/18 04:42:52 PM
#10925   Ya trickledownfacists 11/07/18 04:38:25 PM
#10924   Amen goldenager 11/07/18 04:02:00 PM
#10923   Investors have been smashed so hard over all freshfrom/pol/ 11/07/18 02:59:42 PM
#10922   Down since permit to mine issued. Crazy trickledownfacists 11/07/18 02:34:08 PM
#10921   Unreal trickledownfacists 11/07/18 02:33:47 PM
#10920   NAK moves $0.35 just on unrelated news of Trumpcard 11/07/18 02:31:41 PM
#10919   From the newly stickies post, "The permit to mine Agent92260 11/07/18 11:45:43 AM
#10918   Can't get financing because they don't have all trickledownfacists 11/07/18 11:18:53 AM
#10917   I'm not so much interested in timelines but jrsh 11/07/18 10:43:06 AM
#10916   With the benefit of history, I believe that Galingale 11/07/18 10:16:08 AM
#10915   After achieving a major milestone wouldn't it be jrsh 11/07/18 09:29:25 AM
#10914   Someone with large pockets could easily sell stock trueblue 11/06/18 10:58:20 PM
#10912   Ummm, I'm not sure how far you're going Z-Axis 11/06/18 05:02:42 PM
#10911   It will end when we abolish the federal bigarow 11/06/18 04:52:34 PM
#10909   Thanks to your loyal, patient support, the trickledownfacists 11/06/18 03:51:30 PM
#10908   Interesting point! Real assets verses ever increasing paper IOUs. twilltell 11/06/18 03:03:38 PM
#10907   Why? Because there are so many people chompin' Z-Axis 11/06/18 02:29:00 PM
#10906   PLM Time to load up IMO bigarow 11/06/18 12:58:26 PM
#10904   This concurs with what I learnt from another Galingale 11/06/18 11:49:07 AM
#10903   PLMs' table has the best odds anywhere. bigarow 11/06/18 11:40:25 AM
#10902   Just talked to investor relations at PLM. Tony hacked-off 11/06/18 11:36:54 AM
#10901   The ask is thinning rapidly.Gonna blow. bigarow 11/06/18 11:31:59 AM
#10899   Hi Aaron... you lost the fight with the trickledownfacists 11/06/18 11:20:04 AM
#10898   PLM Reasons to hold.Fiat currency will collapse.The US bigarow 11/06/18 08:29:09 AM
#10897   Walz is looking for a payoff. When he bigarow 11/06/18 08:15:41 AM
#10896   PLM NO one will stop this asteroid. bigarow 11/06/18 08:13:25 AM
#10895   I've been here a lot longer then the BleeckerStreet 11/05/18 08:49:00 PM
#10894   Well Aaron Klemz, head of the MCEA is trickledownfacists 11/05/18 07:11:12 PM
#10893   No I was hoping you could share trickledownfacists 11/05/18 05:06:56 PM
#10892   Yeah....I think it was a video. Grainy. Like Retiredceo 11/05/18 05:02:17 PM
#10891   Please share the video trickledownfacists 11/05/18 04:53:09 PM
#10890   He (Walz) has also said that he opposes Retiredceo 11/05/18 04:26:13 PM