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Polymet Mining Corp. (PLM)

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Last Post: 4/19/2018 11:36:54 PM - Followers: 77 - Board type: Free - Posts Today: 0

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: Amended Statement of Beneficial Ownership (sc 13d/a) 04/04/2018 08:27:14 AM
PLM News: Report of Foreign Issuer (6-k) 03/28/2018 08:44:16 AM
PLM News: PolyMet Reports Results for Period Ended December 31, 2017 03/28/2018 08:26:00 AM
PLM News: Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3) of the Exchange Act (irannotice) 03/28/2018 07:13:28 AM
PLM News: Annual Report (foreign Private Issuer) (40-f) 03/28/2018 06:51:44 AM
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
#9545   What makes you think middle of May? Greg444 04/19/18 11:36:54 PM
#9544   I’m thinking the middle of may Route77 04/19/18 11:03:27 PM
#9543   Down she goes, is anybody asking money with PalSucksBucks 04/19/18 10:38:47 PM
#9542   There's definitely some journalistic connections. My daily freshfrom/pol/ 04/19/18 01:45:30 PM
#9541   It is kind of suspicious that the Phifer Greg444 04/19/18 12:26:01 PM
#9540   You can go back and edit your post freshfrom/pol/ 04/19/18 12:08:02 PM
#9539   I meant to say not going away. There Greg444 04/19/18 12:02:37 PM
#9538   Just a thought.... There is no doubt in Greg444 04/19/18 11:58:51 AM
#9537   IMO, I think it will be out of freshfrom/pol/ 04/19/18 11:52:29 AM
#9536   Is there any timeline in place or is jrsh 04/19/18 10:51:43 AM
#9535   Counterpoint: Rest assured, DNR is being rigorous and freshfrom/pol/ 04/19/18 10:49:05 AM
#9534   Interesting volume swings this past hour. Z-Axis 04/18/18 03:32:31 PM
#9532   Lower highs lower lows = :-( Mean Weimaraner 04/17/18 01:13:05 PM
#9530   Cite your sources since you've "seen it before." waterfrozen 04/17/18 12:22:03 PM
#9528   This thing is a money loser in all PalSucksBucks 04/17/18 11:38:03 AM
#9527   Might well be! jrsh 04/17/18 11:26:00 AM
#9526   Glencore wants to buy the balance for under mrplmer 04/17/18 11:19:55 AM
#9525   They work hard AGAIN to keep it where jrsh 04/17/18 10:34:14 AM
#9524   There will be a safe and regulated mine Greg444 04/14/18 10:22:34 AM
#9523   Sen. Tina smith ..... Sen. Klobuchars sacrificial lamb. trickledownfacists 04/14/18 10:16:42 AM
#9521   We are going to be in good shape! Greg444 04/14/18 06:51:51 AM
#9518   thanks Greg!!! jrsh 04/14/18 04:31:21 AM
#9517   1 hour ago Range leaders said they felt confident Greg444 04/13/18 10:20:51 PM
#9516   Does not appear to be dropping as bad Greg444 04/13/18 03:44:12 PM
#9515   I rode it all the way from $.60 freshfrom/pol/ 04/13/18 03:23:55 PM
#9514   Down she goes, this thing is a money PalSucksBucks 04/13/18 01:48:41 PM
#9513   Lower highs lower lows.. life in Polyland... Mean Weimaraner 04/13/18 07:53:27 AM
#9512   The update below was published by the DNR today: goldenager 04/12/18 03:56:24 PM
#9511   Yeah, seems she has lost any care trickledownfacists 04/12/18 10:45:12 AM
#9510   They are all the same bread! LOL jrsh 04/12/18 10:43:13 AM
#9509   The Federal Judge says the land swap legal Greg444 04/12/18 10:37:48 AM
#9508   Unbelievable how they just sit on their ##### jrsh 04/12/18 10:33:53 AM
#9507   Klobuchar Sucks! Greg444 04/12/18 10:19:24 AM
#9506   It's like they have put it in a jrsh 04/12/18 10:17:55 AM
#9505   I disagree...won’t be the end of will Retiredceo 04/11/18 08:45:52 AM
#9504   You know I'm a stubborn old guy and jrsh 04/10/18 11:38:44 AM
#9503   All things being equal, the pps should have goldenager 04/10/18 11:12:17 AM
#9502   That's a great post jrsh! I have to freshfrom/pol/ 04/10/18 09:20:19 AM
#9501   with all the speculation, bad press and apperance jrsh 04/10/18 07:22:44 AM
#9500   Copper and nickel up a little today, but.. PalSucksBucks 04/09/18 11:38:26 PM
#9499   PLM- 01 bound maybe dead cat bounce or Mean Weimaraner 04/09/18 09:58:40 PM
#9498   Moderator Note: tdbowieknife 04/09/18 09:23:04 PM
#9494   Hi Folks looks like a good day to PalSucksBucks 04/09/18 10:44:13 AM
#9489 Greg444 04/08/18 03:11:31 PM
#9488   Was merely answering the previous question. Thank you Galingale 04/07/18 10:49:37 AM
#9486   Any reason you guys just don’t go to Hams 04/07/18 09:42:56 AM
#9485   Pawlenty!! Running for Governor Greg444 04/05/18 04:30:53 PM
#9484   Agreed. Watching this race closely. trickledownfacists 04/05/18 10:55:24 AM
#9483   The DFL primary will be a bellwether for waterfrozen 04/05/18 10:52:43 AM
#9482   Ok, thanks. Good catch! Curious to freshfrom/pol/ 04/05/18 10:17:45 AM