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Polymet Mining Corp. (PLM)

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Last Post: 7/25/2017 3:46:46 PM - Followers: 67 - Board type: Free - Posts Today: 12

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) 07/20/2017 08:29:32 AM
PLM News: PolyMet Project Update at Shareholders’ Meeting 07/20/2017 07:38:00 AM
PLM News: Report of Foreign Issuer (6-k) 07/06/2017 10:03:40 AM
PLM News: Rep. Nolan Introduces Land Exchange Legislation for PolyMet NorthMet Project 07/03/2017 07:54:00 AM
PLM News: Report of Foreign Issuer (6-k) 06/15/2017 04:54:45 PM
#5431  Sticky Note U.S. Forest Service Issues Final Record of Decision Paullee 01/09/17 11:31:27 AM
#7458   I bet a lot of investors hit their Greg444 07/25/17 03:46:46 PM
#7457   Not yet.......just 21:36 here!!! jrsh 07/25/17 03:40:53 PM
#7456   Jrsh is probably getting some shut eye in Greg444 07/25/17 03:26:32 PM
#7455   They are having a hard time because some waterfrozen 07/25/17 02:33:14 PM
#7454   Jrsh, pls give us a play-by-play analysis here. goldenager 07/25/17 02:23:53 PM
#7453   Yea, it's a pump and dump. All pump E-bo 904 07/25/17 12:54:48 PM
#7452   Yup, copper making a sustained run. trickledownfacists 07/25/17 12:53:22 PM
#7451   Copper futures at $2.84 Galingale 07/25/17 12:46:03 PM
#7450   Hey guys is DNT paid to pump polymet mean weimeraner 07/25/17 11:50:38 AM
#7447   Hey guys is this a scam? mean weimeraner 07/25/17 07:40:03 AM
#7446   Gregg I'm with you on defunding the DNR...They Trumpcard 07/24/17 06:13:07 PM
#7445   Certainly looks that way. As you rightly suggest, Galingale 07/24/17 05:39:49 PM
#7444   THEN WE ELECT REPUBLICANS TO GET THE JOB Greg444 07/24/17 04:54:51 PM
#7443   You are discouraged and rightfully so. How do Greg444 07/24/17 03:48:00 PM
#7442   Election Issue cawgermany 07/24/17 03:21:28 PM
#7441   Commissioner is Tom Landwehr. Email hacked-off 07/24/17 02:10:52 PM
#7440   I emailed the head of the DNR last hacked-off 07/24/17 02:04:47 PM
#7439   A respected person in the banking industry simplified Greg444 07/24/17 01:57:54 PM
#7438   The seeming lack of any meaningful progress is Galingale 07/24/17 12:06:05 PM
#7437   7 out of a total of 16 trades jrsh 07/24/17 11:38:06 AM
#7436   There is just nothing good right now. waterfrozen 07/24/17 11:08:14 AM
#7435   She runs on beast mode again.....up a whopping jrsh 07/24/17 09:58:01 AM
#7434   uptrend still intact, kind of...... jrsh 07/22/17 04:24:03 AM
#7433   Get Up Get on up huh Get up mrplmer 07/21/17 03:54:10 PM
#7432   It is 99.3% buys and down 2%. :-( jrsh 07/21/17 10:04:12 AM
#7431 Greg444 07/20/17 04:26:27 PM
#7430   This is the kind of bullshit we have Greg444 07/19/17 07:23:36 PM
#7429 Greg444 07/19/17 04:51:49 PM
#7428   Must have been less then favorable news at Greg444 07/19/17 04:02:27 PM
#7427   Totally agree. If they were in the private Z-Axis 07/19/17 04:01:11 PM
#7426   I smell hopelessness & uncertainty!! mean weimeraner 07/19/17 03:56:41 PM
#7425   Excuses excuses... mean weimeraner 07/19/17 03:55:56 PM
#7424   That is what we call Minnesota Liberal Corruption. Greg444 07/19/17 03:54:25 PM
#7423   So what I'm wondering is when exactly should waterfrozen 07/19/17 02:42:45 PM
#7422   Agree not looking good - "Exactly. They should've mean weimeraner 07/19/17 02:33:14 PM
#7421   Exactly. They should've either been honest on the Z-Axis 07/19/17 12:49:37 PM
#7420   Its almost like those who are working on waterfrozen 07/19/17 12:27:07 PM
#7419   You are probably right. An AGM is not Galingale 07/19/17 11:51:59 AM
#7418   I can't imagine a single thing out of waterfrozen 07/19/17 11:18:55 AM
#7417   Low volume....93% sells!!!!!! jrsh 07/19/17 10:11:24 AM
#7416   No volume--investors are waiting for all the good waterfrozen 07/19/17 09:39:03 AM
#7415   I believe its tomorrow at 0900 CST. waterfrozen 07/18/17 02:48:27 PM
#7414   Was today the Shareholder's meeting in Toronto? Greg444 07/18/17 01:10:01 PM
#7413 Greg444 07/18/17 01:04:59 PM
#7412   Nobody reads that shit here mean weimeraner 07/18/17 01:04:09 PM
#7411   It is good to see the DNT printing Greg444 07/18/17 12:32:07 PM
#7410   Nothing but a typical manipulated run up on waterfrozen 07/18/17 12:05:56 PM
#7409   this is going to be an exciting summer waterfrozen 07/18/17 10:53:09 AM
#7408   DULUTH FOR YOU mean weimeraner 07/18/17 10:23:27 AM
#7407   It needs to be referred out of the waterfrozen 07/18/17 09:34:06 AM