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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 Pursuant to Rule 13a-16 or 15d-16 (6-k) 11/06/2020 06:01:05 AM
PLM News: PolyMet reports results for period ended September 30, 2020 11/05/2020 05:36:00 PM
PLM News: Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) 11/05/2020 05:28:02 PM
PLM News: Court finds that PolyMet’s water permit issued with proper procedures 09/03/2020 07:20:00 PM
PLM News: Report of Foreign Issuer (6-k) 08/24/2020 05:20:08 PM
#11519  Sticky Note Final Federal Permit Issued for PolyMet NorthMet Project half-full 03/22/19 09:18:07 AM
#12451   Ouch! That'd suck, since we'd be looking at Z-Axis 12/01/20 04:33:42 PM
#12450   I was told that it could be 3 twilltell 12/01/20 03:24:38 PM
#12449   Say, if my memory serves correct, aren't we Z-Axis 12/01/20 12:03:38 PM
#12448   Very unusual, up yesterday and up today? I trueblue 11/24/20 08:16:35 AM
#12447   Well... Seems something is up. tdbowieknife 11/24/20 07:38:32 AM
#12446   Does somebody think they know something?? Over 4 tdbowieknife 11/23/20 06:56:51 PM
#12445   Sounds good to me also!! Been a long trueblue 11/05/20 06:36:53 PM
#12444   Sadly, Greg, it is going nowhere and on Galingale 11/04/20 12:00:09 PM
#12443   Go Polymet! Greg444 11/03/20 10:54:54 AM
#12442   Peter Navarro was recently up here in the Z-Axis 10/29/20 12:10:20 PM
#12441   That has very little to do with PLM. tdbowieknife 10/20/20 10:17:28 PM
#12440   Just posted to Seeking Alpha today darga33 10/20/20 08:07:07 PM
#12439   Hearing for oral arguments still on for Nov 5th. tdbowieknife 10/16/20 06:53:02 PM
#12438   I listened to the whole thing. PLM'S lawyer twilltell 10/13/20 04:27:20 PM
#12437   certainly not a slam dunk Paullee 10/13/20 11:41:35 AM
#12436   I wasn't able to watch but 5mins of Z-Axis 10/13/20 11:38:50 AM
#12435   "tell it to the judge" as Flip Wilson Paullee 10/13/20 10:30:41 AM
#12434   I'm not saying its not happening. I'm saying tdbowieknife 10/13/20 10:28:14 AM
#12433   well, i'm watching the hearing now Paullee 10/13/20 10:17:03 AM
#12432   Yes... But I still do not see it tdbowieknife 10/13/20 09:40:12 AM
#12431   check the link again, it is now live Paullee 10/13/20 09:36:57 AM
#12430   I don't see a hearing set for 10/13 tdbowieknife 10/13/20 07:57:33 AM
#12429   FINALLY!! Some word on the hearings... Z-Axis 10/12/20 03:19:13 PM
#12428   PLM trying $4.30 . hope we get good KIRBY 10/07/20 02:29:25 PM
#12427   PLM $4.25 and climbing . loaded up KIRBY 10/07/20 11:25:44 AM
#12426   https://financialpost.com/commodities/mining/tesla-in-talks-with-vale-to-buy-can Glider549 10/06/20 10:54:15 AM
#12425   Like to see a Gap fill, but may Hawkeye_tt 10/06/20 09:45:56 AM
#12424   added more PLM KIRBY 10/06/20 09:36:04 AM
#12423   PM hit $5.24....$4.80 now. Active day coming.... Hawkeye_tt 10/06/20 08:54:41 AM
#12422   5.20 pre market... tdbowieknife 10/06/20 08:47:27 AM
#12421   Great article. It looks like she'll have a goldenager 10/06/20 04:23:20 AM
#12420   Local View: After summer internship, I'm a believer tdbowieknife 10/05/20 06:53:14 PM
#12419   Apparently a few think they know something. We're tdbowieknife 10/05/20 05:13:19 PM
#12418   PLM looking good . $ 4.32 and climbing . KIRBY 10/05/20 01:00:58 PM
#12417   hoping things turn around quicker / we get KIRBY 10/01/20 10:14:37 PM
#12416   Post* trickledownfacists 10/01/20 07:04:06 PM
#12415   Yup, lost election for sure trickledownfacists 10/01/20 07:03:59 PM
#12414   I'm afraid any decision is at least 5 tdbowieknife 10/01/20 06:52:47 PM
#12413   https://www.mining.com/trump-issues-new-order-to-spur-rare-earths-mining/ KIRBY 10/01/20 10:35:13 AM
#12412   picked up some PLM hoping good news right KIRBY 10/01/20 09:36:38 AM
#12411   Polymet have now been waiting on the MN Galingale 09/30/20 12:36:39 PM
#12410   why doesnt polymet buy quality assets in north america Pizza Boy 09/23/20 01:32:57 PM
#12409   Continued silence from the Company. No news, no Galingale 09/23/20 12:30:18 PM
#12408   Any bad news coming or someone just bailing out? goldenager 09/23/20 10:48:30 AM
#12407   Understandable and thanks for the reminder. It is Galingale 09/10/20 06:46:12 AM
#12406   Appeal Court which put the major permits into tdbowieknife 09/09/20 06:39:29 PM
#12405   Could be. Could also be that it was Galingale 09/09/20 11:35:24 AM
#12404   Seems some folks were confused about the court tdbowieknife 09/09/20 10:31:48 AM
#12403   Breaking News: $PLM 5 Top Weekly TSX Stocks: whytestocks 09/06/20 11:16:20 PM
#12402   * * $PLM Video Chart 09-04-2020 * * ClayTrader 09/04/20 04:46:24 PM
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