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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) 10/01/2019 11:36:29 AM
PLM News: Court Dismisses All Lawsuits Contesting PolyMet Land Exchange 10/01/2019 10:38:00 AM
PLM News: Report of Foreign Issuer (6-k) 08/21/2019 06:01:31 AM
PLM News: Supreme Court denies opponents' appeal on supplemental EIS decision for PolyMet project 08/20/2019 06:47:00 PM
PLM News: Report of Foreign Issuer (6-k) 08/15/2019 06:21:10 AM
#11519  Sticky Note Final Federal Permit Issued for PolyMet NorthMet Project half-full 03/22/19 09:18:07 AM
#12104   Thanks. tdbowieknife 10/17/19 12:34:17 PM
#12103   October 23rd freshfrom/pol/ 10/17/19 10:39:17 AM
#12102   I've lost track of the hearing date. Anybody remember? tdbowieknife 10/17/19 09:09:04 AM
#12101   Skip to the last paragraph Retiredceo 10/17/19 06:27:00 AM
#12100   By Alistair MacDonald , Kris Maher and Kim Mackrael Paullee 10/15/19 10:54:38 PM
#12099   It's too bad our company's Investor Relations can't Z-Axis 10/10/19 12:05:38 PM
#12098   The months roll by and still no information Galingale 10/10/19 11:12:57 AM
#12097   Wow. .3010, ‘falling knife’ for sure. Bottom? No Agent92260 10/03/19 12:35:39 PM
#12096   Good to know goldenager 10/02/19 10:52:49 AM
#12095   This is the same share selling scam it yiannisf 10/02/19 10:40:40 AM
#12094   Polymet cannot make money if they are not tdbowieknife 10/02/19 10:39:30 AM
#12093   Information given in response to previous posts on Galingale 10/02/19 06:21:38 AM
#12092   Not sure why the concern re Glencore “sitting” goldenager 10/01/19 09:21:48 PM
#12091   And… Unfortunately the permit to mine is still tdbowieknife 10/01/19 06:13:34 PM
#12090   We can all thank Sen Klobuchar for her Greg444 10/01/19 12:07:32 PM
#12089   The dismissals are good but unfortunately the door waterfrozen 10/01/19 11:29:29 AM
#12088   And as so often before they sell heavily jrsh 10/01/19 11:05:06 AM
#12087   I did just read the news... All lawsuits dismissed:-) jrsh 10/01/19 10:49:22 AM
#12086   I guess it is starting to get cold Greg444 10/01/19 10:45:40 AM
#12085   What is happening... All of a sudden she jrsh 10/01/19 10:41:05 AM
#12084   Thank you for the update. Nice to hear Greg444 10/01/19 10:27:30 AM
#12083   Before this Board becomes totally moribund (like the Galingale 10/01/19 07:09:48 AM
#12082   No buyers and no sellers... Greg444 09/20/19 02:43:26 PM
#12081   Too many folks holding around a buck dollar Greg444 09/19/19 08:49:36 PM
#12080   Nobody left but a bunch of bag holders tdbowieknife 09/19/19 06:56:46 PM
#12079   I’m surprised the market doesn’t see it as goldenager 09/19/19 05:55:06 PM
#12078   Holding on at .35 with it’s normal low volume Greg444 09/19/19 10:44:07 AM
#12077   The dam failing is a stretch and easily Retiredceo 09/19/19 08:35:23 AM
#12076   Lowest I’ve seen this?!? My neighbors sat-in on Aarons 09/18/19 11:37:38 PM
#12075   Will delay financing too. goldenager 09/18/19 09:46:50 PM
#12074   .29 tomorrow? Greg444 09/18/19 09:32:56 PM
#12073   Not good... https://www.wdio.com/TWIM/polymet-permits-stayed-court-of-appeals-/5 Gretzk99 09/18/19 08:55:00 PM
#12072   Anyone spoke to or heard anything from the goldenager 09/17/19 02:48:11 PM
#12071   Certainly a load of bot/electronic trades happening. Z-Axis 09/11/19 12:12:36 PM
#12070   Shaking a few more shares loose before the Retiredceo 09/10/19 06:35:13 PM
#12069   The financial planner person should have been in Greg444 09/06/19 03:25:17 PM
#12068   Some positive indicators..... https://polymetmining.com/about-polymet-mining-co Gretzk99 09/06/19 03:03:17 PM
#12067   The coward politicians just talk behind closed doors Greg444 09/06/19 02:38:14 PM
#12066   So much for that... tdbowieknife 09/06/19 01:28:34 PM
#12065   Thanks for the heads-up, Gretzk... that would certainly Z-Axis 09/05/19 02:33:17 PM
#12064   https://finance.yahoo.com/news/focus-glencores-risk-appetite-dwindles-050701510. Gretzk99 09/05/19 01:58:50 PM
#12063   Possibly. Hopefully... Seems a few always know before tdbowieknife 09/05/19 01:33:51 PM
#12062   I believe news on financing imminent goldenager 09/05/19 01:05:14 PM
#12061   There might be a faint pulse?... postmortem spasm? Z-Axis 09/05/19 12:35:02 PM
#12060   Well said goldenager 08/30/19 12:43:33 PM
#12059   Yes. Glencoe crooks will sit on this but mrplmer 08/30/19 12:39:59 PM
#12058   MrP......It takes a couple (few) years to ship Retiredceo 08/30/19 12:38:16 PM
#12057   Glencoe will sit with this pos until copper mrplmer 08/28/19 11:58:34 AM
#12056   Muted Retiredceo 08/27/19 04:32:00 AM
#12055   P&D Crap Polymet “JUNK “ PennyStock Alert 08/25/19 03:52:52 PM