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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) 05/06/2021 05:26:33 PM
PLM News: PolyMet Mining reports Q1 results 05/06/2021 05:14:39 PM
PLM News: Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) 05/03/2021 01:20:18 PM
PLM News: Minnesota's top court orders review of PolyMet mine permits 04/28/2021 07:22:30 PM
PLM News: Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) 03/18/2021 04:36:57 PM
#11519  Sticky Note Final Federal Permit Issued for PolyMet NorthMet Project half-full 03/22/19 09:18:07 AM
#12527   If only Polymet had a damm permit... tdbowieknife 05/08/21 09:19:32 AM
#12526   Lol... The next day. tdbowieknife 05/06/21 07:33:20 PM
#12525   Has this been said publicly? They should tdbowieknife 05/05/21 08:04:34 PM
#12524   Dear Polymet Supporter: Paullee 05/05/21 07:04:31 PM
#12522   The world risks ‘running out of copper’ — tdbowieknife 05/03/21 10:30:09 PM
#12521   The following from Corporate Finance Analysts, SP Angel. Galingale 05/03/21 09:49:16 AM
#12520   The Minnesota special. trickledownfacists 04/28/21 07:56:13 PM
#12519   What was the "big win"??? tdbowieknife 04/28/21 07:14:33 PM
#12518   Minn. Supreme Court issues mixed decision on PolyMet permits... Z-Axis 04/28/21 03:26:00 PM
#12517   Exactly! I mentioned a few years ago that Z-Axis 04/15/21 12:02:10 PM
#12516   MN Dems ruined this project. trickledownfacists 04/05/21 02:15:13 PM
#12515   Good luck to everyone, I sold all at BleeckerStreet 03/29/21 02:48:49 PM
#12514   Yup, still holding here too. But I did Z-Axis 03/29/21 02:35:28 PM
#12513   I'm still holding like a damn fool...that r/s Trumpcard 03/26/21 09:36:12 PM
#12512   It'd sure be nice to break even, but Z-Axis 03/24/21 02:15:57 PM
#12511   Well....... sold out completely today, kept one share! trueblue 03/23/21 02:16:25 PM
#12510   Been around for years as also! Just loved trueblue 03/22/21 11:36:14 PM
#12509   Dead money for like what 10+ years or more. BleeckerStreet 03/22/21 07:56:22 PM
#12508   Does anyone know why sentiment has been so Galingale 03/22/21 10:50:54 AM
#12507   PLM is definitely in the Buy Range - shermann7 03/12/21 11:10:02 AM
#12506   Yeah what a waste of time and money, trueblue 03/09/21 11:52:59 PM
#12505   The 'magic number' you need to develop a Paullee 03/07/21 10:23:08 PM
#12504   This may account for the sell-off in the Galingale 03/05/21 10:00:23 AM
#12503   More delays of course. It just goes on tdbowieknife 03/05/21 08:09:52 AM
#12502   Everything us modern humans do involves oil and tdbowieknife 03/03/21 08:03:52 AM
#12501   Watch an environmentalist head explode at the concept eggserroneous 03/02/21 07:29:55 PM
#12500   I agree that it is difficult to keep Galingale 02/27/21 11:52:55 AM
#12499   I still say anti-miners should pay a price tdbowieknife 02/26/21 06:55:27 PM
#12498   I'm not sure what this will do to Z-Axis 02/26/21 12:57:56 PM
#12497   If I understand the situation right, The lower tdbowieknife 02/25/21 07:30:13 PM
#12496   I thought the supreme court one was about tdbowieknife 02/24/21 12:22:39 PM
#12495   One small step. We still need the other Galingale 02/24/21 12:18:00 PM
#12494   Thank God... Now lets get this mining thing going. tdbowieknife 02/24/21 11:31:31 AM
#12493   OPINIONS OF THE SUPREME COURT twilltell 02/24/21 11:23:27 AM
#12492   PLM hasn't even been close to $9.70 in Trumpcard 02/22/21 04:24:22 PM
#12491   52 week high $9.70 HHmmm shurtha2000 02/22/21 10:27:58 AM
#12490   Looks like pump & dump, yet again! Galingale 02/22/21 10:18:26 AM
#12489   Well... It appears there are folks that know tdbowieknife 02/22/21 10:02:51 AM
#12488   I'm still all in buddy... Trumpcard 02/19/21 03:59:37 PM
#12487   Anyone cautiously optimistic? Its hard after all waterfrozen 02/19/21 11:16:45 AM
#12486   PLM worth almost another $1B with the price Trumpcard 02/18/21 05:13:53 PM
#12485   Indeed we are! It is now over three Galingale 02/17/21 09:50:33 AM
#12484   Could be longer... We still waiting on tdbowieknife 02/16/21 07:22:54 PM
#12483   Yeah maybe only another 10 years to make BleeckerStreet 02/16/21 07:15:42 PM
#12482   Well that's really good news... tdbowieknife 02/16/21 06:06:41 PM
#12481   U.S. District Court Ends Federal Challenge to PolyMet's BleeckerStreet 02/16/21 05:12:42 PM
#12480   Copper @$3.82 today. PLM's break even point Trumpcard 02/15/21 03:40:04 PM
#12479   If only the state would get off it's Z-Axis 02/09/21 04:00:34 PM
#12478   Is the world on the brink of a tdbowieknife 02/08/21 07:39:28 AM
#12477   There is a bit of silver mixed in. tdbowieknife 02/02/21 08:08:08 AM
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