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Polymet Mining Corp. (PLM)

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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: Report of Foreign Issuer (6-k) 06/28/2018 04:46:07 PM
PLM News: PolyMet Completes 6700-Acre Land Exchange with U.S. Forest Service 06/28/2018 04:09:00 PM
PLM News: Report of Foreign Issuer (6-k) 06/28/2018 06:04:53 AM
PLM News: PolyMet Project Update at Shareholders' Meeting 06/27/2018 05:59:00 PM
PLM News: Report of Foreign Issuer (6-k) 06/19/2018 06:08:06 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
#10318   just speechless! jrsh 07/21/18 07:58:35 AM
#10317   Nice, Minneapolis was just named today as the Greg444 07/20/18 03:42:22 PM
#10316   I hear you, Greg. It's a shame that Z-Axis 07/20/18 03:39:52 PM
#10315   We moved to TN for that exact reason Trumpcard 07/20/18 03:36:08 PM
#10314   These Chuckleheads have no time to discuss economic development. http://m.start Greg444 07/20/18 03:24:09 PM
#10313   We have this pre conceived notion down in Greg444 07/20/18 02:14:57 PM
#10312   Yes, and liberal/Dems, But it is enough for Greg444 07/20/18 01:52:17 PM
#10311   State of Minnesota "Government"... trickledownfacists 07/20/18 01:50:04 PM
#10310   Zenner, I think folks are getting tired of Greg444 07/20/18 01:36:32 PM
#10309   Wow! Huge share dump... see ya in the Z-Axis 07/20/18 12:25:46 PM
#10308   Minnesota Sucks - we must have more bad news Greg444 07/20/18 12:15:45 PM
#10307   In your head not mine. mrplmer 07/20/18 10:40:19 AM
#10306   Of course they’re In it for the investment. cawgermany 07/20/18 09:22:47 AM
#10305   Now he is running for Lieutenant Governor under Greg444 07/20/18 08:38:40 AM
#10304   Nolan retired because he couldn't get it done. trickledownfacists 07/20/18 08:23:31 AM
#10303   good luck with that!!!!!!!!!!!!!!!! jrsh 07/20/18 08:22:57 AM
#10302   Don't know but 'Minority ShareHolder Rights'will prevail. Class mrplmer 07/20/18 07:15:19 AM
#10301   but isn't most of the board Glencore anyways? jrsh 07/20/18 07:11:15 AM
#10300   Glencore isn't in this for investment. They know mrplmer 07/20/18 07:06:06 AM
#10299   These folks have had to fight their own Greg444 07/20/18 05:33:26 AM
#10298   I‘M A DEMOCRAT. Nolan, Smith, Klobuchar. We all cawgermany 07/20/18 04:16:35 AM
#10297   No. Why should they? They might have some cawgermany 07/20/18 01:12:49 AM
#10296   Maccabee is a Dem trickledownfacists 07/19/18 11:00:08 PM
#10295   Here is some additional food for thought. I feel Trumpcard 07/19/18 08:05:20 PM
#10294   There will be a nonferrous mining operation at Greg444 07/19/18 03:19:25 PM
#10293   My guess, trump is holding off on signing Fancy 04 07/19/18 03:10:32 PM
#10292   I have always hoped that once they dig jrsh 07/19/18 03:06:44 PM
#10291   State of Minnesota is a fricken joke! I Greg444 07/19/18 02:45:26 PM
#10290   THANKS!! OH well......who the heck can keep track on jrsh 07/19/18 02:36:52 PM
#10289   I do not believe so. My understanding is Galingale 07/19/18 02:06:49 PM
#10288   Didn't I understand it correctly that all those jrsh 07/19/18 01:05:40 PM
#10287   The anger on the Iron Range has reached Greg444 07/19/18 12:55:28 PM
#10286   Maccabee at it again....... this woman is the trickledownfacists 07/19/18 12:50:54 PM
#10285   No decisions from Minnesota DNR, No reasons to cawgermany 07/19/18 12:44:19 PM
#10284   There comes a point where a manifest injustice Greg444 07/19/18 11:52:56 AM
#10283   Right now buyers have absolutely abandoned the stock!!! jrsh 07/19/18 10:46:35 AM
#10282   Absolutely. Her environmental conscience stretches only as far Galingale 07/19/18 10:33:38 AM
#10281   Oh Boy, I hate this bitch! I bet Greg444 07/19/18 10:09:52 AM
#10280   Common Glencore avoid the lawsuit an hostile. $10-$12. mrplmer 07/19/18 08:06:24 AM
#10279   “Copper is set to outperform most other commodities tdbowieknife 07/18/18 08:38:44 PM
#10278   Copper prices poised to go 'on steroids,' Citi Z-Axis 07/18/18 04:44:53 PM
#10277   Oh well, these asshats will start moving things Greg444 07/18/18 03:37:29 PM
#10276   The only entity that has turned this venture Greg444 07/18/18 03:34:12 PM
#10275   Do you believe that POLY will operate this waterfrozen 07/18/18 12:11:03 PM
#10274   Talking about project it just a sweet jrsh 07/18/18 10:15:40 AM
#10273   I will fund a pig roast at just goldenager 07/17/18 10:05:10 PM
#10272   I am right with you mrplmer....$10-12 is great Trumpcard 07/17/18 04:35:45 PM
#10271   with or without rs??? jrsh 07/17/18 04:28:20 PM
#10270   I am a $10-$12 buyout guy. If there mrplmer 07/17/18 04:19:43 PM
#10269   most likely it will go there.....after they have jrsh 07/17/18 01:12:47 PM