Home > Boards > US Listed > Mining/Resources >

Polymet Mining Corp. (PLM)

PLM RSS Feed
Add PLM Price Alert      Hide Sticky   Hide Intro
Moderator: tdbowieknife
Search This Board: 
Last Post: 5/15/2019 2:16:27 PM - Followers: 95 - Board type: Free - Posts Today: 0

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

=======================================================================================================================================


 


 
PLM
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PLM News: Report of Foreign Issuer (6-k) 05/17/2019 07:10:40 AM
PLM News: Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) 05/14/2019 06:08:08 AM
PLM News: Amended Statement of Beneficial Ownership (sc 13d/a) 05/13/2019 05:17:47 PM
PLM News: PolyMet Reports Results for Period Ended March 31, 2019 05/13/2019 04:50:00 PM
PLM News: Report of Foreign Issuer (6-k) 05/13/2019 04:44:04 PM
PostSubject
#11519  Sticky Note Final Federal Permit Issued for PolyMet NorthMet Project half-full 03/22/19 09:18:07 AM
#11860   Agreed goldenager 05/15/19 02:16:26 PM
#11859   They are first and foremost a Commodities broker. mrplmer 05/14/19 09:15:43 AM
#11858   The pps never really moved today when the trueblue 05/13/19 02:40:18 PM
#11857   Keep in mind if GC becomes majority shareholder Gretzk99 05/13/19 12:22:45 PM
#11856   Dang it! I may have to buy back trueblue 05/12/19 04:58:25 PM
#11855   Honestly Truebkue...This is gonna go one of two Trumpcard 05/12/19 01:21:23 PM
#11854   It might just be me, so feel free Mr-Councilman 05/12/19 12:05:08 AM
#11853   So what is or is there a fair trueblue 05/11/19 04:53:19 PM
#11852   Right...and dont forget Lyft from a cple weeks ago. Trumpcard 05/10/19 05:41:09 PM
#11851   The illogicality of global markets never ceases to Galingale 05/10/19 08:36:14 AM
#11848   The pps is being manipulated at around 50 Galingale 05/08/19 10:08:38 AM
#11847   Masabi Daily News freshfrom/pol/ 05/08/19 08:36:49 AM
#11846   Sure wish they would give reasons (self-promote) to Z-Axis 05/08/19 07:28:22 AM
#11845   Glencore backstopping the rights offering. The more investor's tdbowieknife 05/07/19 04:33:13 PM
#11844   Who want to take on $294M in debt? mrplmer 05/07/19 09:37:29 AM
#11843   Yup, "hostile" takeover trickledownfacists 05/07/19 09:31:52 AM
#11842   Spoke to IR. My take is unless somebody mrplmer 05/07/19 09:20:09 AM
#11841   Hence the "hostile"...... It's hostile to small share holders, trickledownfacists 05/03/19 01:56:04 PM
#11840   Forgive me for not completely understanding, but if waterfrozen 05/03/19 01:42:20 PM
#11839   Correct, buyout/ "hostile" takeover trickledownfacists 05/03/19 01:37:39 PM
#11838   Yes-100% PLM was never going to mine this and waterfrozen 05/03/19 12:06:59 PM
#11837   I hope you right goldenager 05/03/19 11:28:11 AM
#11836   I think that, if you look purely at Galingale 05/03/19 10:31:41 AM
#11835   If Glencore truely wants PLM an above board Trumpcard 05/02/19 07:36:02 PM
#11834   Ok whoever is the last one out, make trueblue 05/02/19 06:25:04 PM
#11833   So this would be a non-hostile takeover, correct? waterfrozen 05/01/19 09:09:57 AM
#11832   Every thing is possible but does it make sense???? jrsh 05/01/19 04:12:04 AM
#11831   That’s correct. goldenager 05/01/19 02:14:55 AM
#11830   One of the reasons for the large loan Z-Axis 04/30/19 04:34:23 PM
#11829   Own* trickledownfacists 04/30/19 04:12:33 PM
#11828   If Glencore gets 51% they alien everything. trickledownfacists 04/30/19 04:12:27 PM
#11827   Honest question- waterfrozen 04/30/19 03:05:40 PM
#11826   This is one paragraph... in below listed article. Trumpcard 04/26/19 05:46:24 PM
#11825   I dont know about that. Lots of Trumpcard 04/26/19 10:08:32 AM
#11824   This project is in more danger now then trickledownfacists 04/26/19 09:57:59 AM
#11823   https://www.bloomberg.com/amp/news/articles/2019-04-25/glencore-faces-new-corrup Trumpcard 04/25/19 09:49:13 PM
#11822   I think you right goldenager 04/24/19 05:27:24 PM
#11821   I wouldn't be so sure, especially on yesterday's waterfrozen 04/19/19 09:00:07 AM
#11820   I think we found our floor. Agent92260 04/18/19 03:36:42 PM
#11819   Am not, wish I was! scotsand 04/18/19 07:09:10 AM
#11818   Are you the UMD Hockey Coach? Greg444 04/18/19 12:56:50 AM
#11817   Was the 175k dump at open a deliberate Galingale 04/17/19 12:20:07 PM
#11816   As mentioned, the Trump bump. But also, Polymet Z-Axis 04/17/19 12:15:38 PM
#11815   It of course didn't long. We need to tdbowieknife 04/17/19 10:38:30 AM
#11814   Up in pre- scotsand 04/17/19 08:07:03 AM
#11813   Trickle... post 11706 Mr-Councilman 04/17/19 12:19:36 AM
#11812   I may be missing something but what Trump goldenager 04/16/19 11:34:00 PM
#11811   Haven't heard anything about that. Judges don't normally tdbowieknife 04/16/19 09:41:34 PM
#11810   Isn't tomorrow (4/17) the first lawsuit decision for Mr-Councilman 04/16/19 09:28:59 PM
#11809   https://kbjr6.com/news/top-stories/2019/04/15/president-trump-to-visit-minnesota leggmason 04/16/19 07:53:44 PM
PostSubject