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Polymet Mining Corp. (PLM)

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Last Post: 5/28/2017 3:44:40 PM - Followers: 66 - Board type: Free - Posts Today: 5

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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Current Price
Bid Ask Day's Range
PLM News: Report of Foreign Issuer (6-k) 04/26/2017 05:02:46 PM
PLM News: Report of Foreign Issuer (6-k) 04/21/2017 07:31:38 AM
PLM News: PolyMet Reports Fiscal 2017 Results 04/21/2017 07:30:00 AM
PLM News: Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3) of the Exchange Act (irannotice) 04/21/2017 06:03:32 AM
PLM News: Annual Report (foreign Private Issuer) (40-f) 04/20/2017 04:49:24 PM
#5431  Sticky Note U.S. Forest Service Issues Final Record of Decision Paullee 01/09/17 11:31:27 AM
#6691   It's fun watching from the back door and Connsm 05/28/17 03:44:40 PM
#6690   I watched that YouTube video you posted. The E-bo 904 05/28/17 03:18:34 PM
#6689   Look for the change of narrative on mining Connsm 05/28/17 02:47:39 PM
#6688   Sorry for my ignorance but has all jrsh 05/28/17 01:13:52 PM
#6687 Connsm 05/28/17 10:53:22 AM
#6686   Gov Dayton budget bill conference 2017 Connsm 05/27/17 10:17:30 PM
#6685   I had two opportunity to meet Mr. Al Connsm 05/27/17 01:23:24 AM
#6684   Into the rabbit hole we go! The real E-bo 904 05/26/17 06:11:19 PM
#6683   Exploration plan proposals on state nonferrous metallic mineral Connsm 05/26/17 05:53:35 PM
#6682   This mine and Polymet will NEVER be sold E-bo 904 05/26/17 03:55:55 PM
#6681   Looks like the Allete company is the one E-bo 904 05/26/17 03:32:40 PM
#6680   May 9th 2017 PolyMet has applied for all E-bo 904 05/26/17 03:05:09 PM
#6679   Budget bill. What provisions were made to mining? E-bo 904 05/26/17 02:52:19 PM
#6678   It's a holiday weekend no information will come Connsm 05/26/17 02:08:10 PM
#6677   Someone just bought 120,000 shares:) Connsm 05/26/17 02:04:01 PM
#6676   Again this is odd that it's running downward waterfrozen 05/26/17 01:57:19 PM
#6675   Will we see .59 today? waterfrozen 05/26/17 01:52:19 PM
#6674   It was Friday am not pm. On with Connsm 05/26/17 09:07:49 AM
#6673   E-bo904 I like the direction you are going in Connsm 05/26/17 08:58:33 AM
#6672   Yea, I'm going to do some serious due E-bo 904 05/26/17 01:33:47 AM
#6671   Sorry for all the bull shit back and forth. Greg444 05/25/17 11:33:18 PM
#6670   MN senate webcasts! Connsm 05/25/17 10:47:55 PM
#6669   I would love to see that information if Connsm 05/25/17 10:23:32 PM
#6668   (E-no 904) It good to look outside of the Connsm 05/25/17 10:14:47 PM
#6667   I was under the impression that Northmet mine E-bo 904 05/25/17 10:07:52 PM
#6666   The funny thing is that the Canadians have Greg444 05/25/17 09:49:52 PM
#6665   This has nothing to do with Polymet. Polymet Greg444 05/25/17 09:46:50 PM
#6664   F that mining review! and those Enviro-Libs. E-bo 904 05/25/17 08:11:51 PM
#6663   Yea, Polymet is going to get approval. E-bo 904 05/25/17 08:09:04 PM
#6662   I want to know what this means for E-bo 904 05/25/17 07:29:56 PM
#6661   The Mn budget bill currently in a so Greg444 05/25/17 06:24:56 PM
#6660   What budget Bill is suppose to have the Trumpcard 05/25/17 06:12:21 PM
#6659   Stingy today... MM's only let me get 2/5 Z-Axis 05/25/17 04:03:47 PM
#6658   Sounds like we have our lobby down there Greg444 05/25/17 03:34:18 PM
#6657   Hot off the press Polymet! Dear PolyMet Supporter: We’re Connsm 05/25/17 01:59:09 PM
#6656   Well I hope you are right, because I Greg444 05/25/17 01:41:52 PM
#6655   We are going to have to diversify to Greg444 05/25/17 01:39:45 PM
#6654   They will pass it Friday night! Connsm 05/25/17 01:38:14 PM
#6653   Watch the stock closely today. These lawmakers are Greg444 05/25/17 01:04:00 PM
#6652   Negotiations start in another 10 minutes on Minnesota's Greg444 05/25/17 01:00:20 PM
#6651   You have to look hard to find a waterfrozen 05/25/17 12:06:50 PM
#6650   Can you expand on that comment? Connsm 05/25/17 07:40:07 AM
#6649   We are closer than you might think. mrplmer 05/25/17 07:38:11 AM
#6648   It will pass by the weekend. Connsm 05/25/17 06:32:21 AM
#6647   Watch the videos of the special sessions. Connsm 05/24/17 09:18:35 PM
#6646   Lol Greg444 05/24/17 07:42:14 PM
#6645   Send your message to your favorite politicians on Connsm 05/24/17 07:19:46 PM
#6644   Old friend we all have spelling problems and Connsm 05/24/17 06:43:21 PM
#6643   I meant bipartisan- I am such a dumbkauf Greg444 05/24/17 05:06:00 PM
#6642   Hold strong our bilateral friends!: Tomassoni Bakk Ingebrightsen Gazelk Daudt L Greg444 05/24/17 04:55:18 PM