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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) 01/05/2018 09:18:55 AM
PLM News: PolyMet Draft Permit to Mine Released by Minnesota DNR 01/05/2018 09:00:00 AM
PLM News: Report of Foreign Issuer (6-k) 12/13/2017 03:07:28 PM
PLM News: PolyMet Submits Financial Assurance Estimate to DNR in Updated Permit Application 12/13/2017 02:04:00 PM
PLM News: Report of Foreign Issuer (6-k) 12/08/2017 06:02:44 AM
#8693  Sticky Note DNR – State Announces Notice of Draft Permit goldenager 01/05/18 09:06:58 AM
#8811   I wish I was privy to the information Greg444 01/17/18 05:58:05 PM
#8810   CHAIRMAN Pat Roberts freshfrom/pol/ 01/17/18 04:21:51 PM
#8809   Subcommittee on Conservation, Forestry, and Natural Resources https://www.agri trickledownfacists 01/17/18 04:18:07 PM
#8808   how about posting their names and email addresses Paullee 01/17/18 03:57:23 PM
#8807   I'll have to send an email and tweet freshfrom/pol/ 01/17/18 02:42:50 PM
#8806   It appears the President and the major US Greg444 01/17/18 01:01:59 PM
#8805   You're on to something. waterfrozen 01/17/18 12:48:06 PM
#8804   Yes, I've emailed everyone in the committee trickledownfacists 01/17/18 12:44:04 PM
#8803   I’m sure all this crap is going on Greg444 01/17/18 12:43:25 PM
#8802   If somebody could convey to Tina Smith how Greg444 01/17/18 12:42:30 PM
#8801   I'm telling you guys--be patient with the land waterfrozen 01/17/18 12:40:51 PM
#8800   Does it have to be Sen Amy K. freshfrom/pol/ 01/17/18 12:32:00 PM
#8799   Yeah just frustrating. trickledownfacists 01/17/18 12:26:55 PM
#8798   Yup! Frustrating... We will still be in good Greg444 01/17/18 12:13:58 PM
#8797   I bet Nolan just throws his hands up. trickledownfacists 01/17/18 12:11:57 PM
#8796   I would now vote for anybody other then Greg444 01/17/18 12:07:03 PM
#8795   Bachman is just as bad, or worse. trickledownfacists 01/17/18 11:59:43 AM
#8794   Man this gets tough to watch Klobuchar work Greg444 01/17/18 11:08:56 AM
#8793   Extremely positive I would add. goldenager 01/16/18 06:04:14 PM
#8792   yep....but it still holds its ground and until jrsh 01/16/18 04:28:25 PM
#8791   MPCA water and air permits have to be trickledownfacists 01/16/18 02:16:02 PM
#8790   Boring day Greg444 01/16/18 02:07:17 PM
#8789 Greg444 01/15/18 03:42:43 PM
#8788   Nonferrous mining industry keeps pressing forward By RON BROCHU/BusinessNorth 3 trickledownfacists 01/15/18 03:39:44 PM
#8787   And thus creating a perfect storm for about goldenager 01/15/18 01:02:32 PM
#8786   Interesting article on what Electric Vehicles (cars) and Z-Axis 01/15/18 11:06:29 AM
#8785   Skol Poly baby ;-) Mean Weimaraner 01/14/18 09:20:28 PM
#8784   Interesting quotes: twilltell 01/13/18 10:54:04 AM
#8783   It's had national coverage for years. The complain trickledownfacists 01/12/18 01:17:29 PM
#8782   I still do not understand why NAK trades jrsh 01/12/18 01:03:05 PM
#8781   I sent a tweet! Greg444 01/12/18 11:10:54 AM
#8780 Greg444 01/12/18 10:04:07 AM
#8779   it's not negativity it's looking back on the jrsh 01/12/18 03:16:37 AM
#8778   Amen goldenager 01/11/18 09:25:29 PM
#8777   Well Put!!!!!! Greg444 01/11/18 07:58:27 PM
#8776   Traditionally it has trended up through comment periods trickledownfacists 01/11/18 07:30:16 PM
#8775   I think it’s gonna trade lower but not Plm1 01/11/18 07:12:04 PM
#8774   I hope you are right! How many times Greg444 01/11/18 04:44:07 PM
#8773   who knows but I reluctantly don't believe that. jrsh 01/11/18 04:38:41 PM
#8772   Without 3115 being addressed and brought to the Greg444 01/11/18 04:15:55 PM
#8771   Wonder how low the stock goes between now Plm1 01/11/18 03:28:08 PM
#8770   Judge Denies Changing Sulfate Standard for Wild Rice Greg444 01/11/18 03:21:37 PM
#8769   Interesting politics from the wishy washy State of Greg444 01/11/18 01:06:21 PM
#8768   "Separately today, the Minnesota Pollution Control Agency announced trickledownfacists 01/11/18 12:02:05 PM
#8767   City democrats trying to save face with trickledownfacists 01/11/18 02:24:05 AM
#8766   After Lawsuit Filed Dayton Returns to the Range trickledownfacists 01/10/18 11:18:11 PM
#8765 Greg444 01/10/18 09:23:51 PM
#8764 trickledownfacists 01/10/18 08:20:57 PM
#8763   "But regardless of anyone’s view of the project trickledownfacists 01/10/18 08:20:12 PM
#8762   Have patience with 3115 guys. It will happen. waterfrozen 01/10/18 12:51:28 PM