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By Zacks Equity Research
7 hours ago
Polymet Mining Corp. (PLM) in Focus: Stock Adds 6.9% - Tale of the Tape
You have plenty of flips from now to April
Wait until after April. We should see more up side movement!
Mining in review video.
http://www.wdio.com/article/stories/s3665300.shtml?cat=10335
Looking back at the Petitions the anti mining Org's had and what they claimed that these groups have now of 100,000 members. It looks like even those members are 90% not on board with stopping mining in Minnesota.
Remember this article that came out in August 2013 and later the truth came out it was just over 8000 real petitions.
http://www.northlandsnewscenter.com/news/iron-range/10000-Petition-Signatures-Collected-Opposing-PolyMet-Mine-217948201.html
Read all the links they need all the minerals they are fighting against.
"Energy
Midwest Energy News: Former Minnesota lawmaker taking a global focus on energy
NPR: Utilities Fight for Revenue Lost to Solar Power
Star Tribune: Xcel to double down on renewable energy in Minnesota "
These links are nonferrous last post!
There were more buyers then seller. I love America!
Good Article!
Here is some insight for 2015 related industry's!
http://www.mining.com/
Local view: Mineral mining industry merits our appreciation full Article.
http://admin.duluthnewstribune.com/opinion/local-view/3644145-local-view-mineral-mining-industry-merits-our-appreciation
I Iike the narrative I'm seeing now, I'm confident the state and Polymet will be moving forward in the permit phase in the near future.
"Mining transformation “Fifty years after the Taconite Amendment, mineral-rich Minnesota stands poised to answer a nation’s call to move forward yet again. This time it is a call to transform the country’s energy sector while creating middle-class, nonferrous mining-related jobs that will strengthen our communities and generate new revenue to fund the university and other pressing regional needs without raising our taxes.
“The opportunity nonferrous mining now presents for boosting our region’s economy while providing essential components for an emerging new energy world is a reminder of how taconite mining took off in 1964.”
Alan R. Hodnik, chairman, president and CEO of Allete and a member of PolyMet Mining’s board of directors"
Lets wait until July a lot of thing are going to happen before we see the movement we want to see!
"Short Interest in PolyMet Mining Corp. Decreases By 1.2% (PLM)
Posted by Noah on Dec 26th, 2014 // No Comments
Shares of PolyMet Mining Corp. (NYSE:PLM) were the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 3,425,776 shares, a drop of 1.2% from the November 28th total of 3,467,512 shares, AmericanBankingNews.com reports. Approximately 1.8% of the company’s shares are short sold. Based on an average trading volume of 144,635 shares, the days-to-cover ratio is currently 23.7 days.
Separately, analysts at CIBC initiated coverage on shares of PolyMet Mining Corp. in a research note on Wednesday, October 1st. They set an “outperform” rating on the stock. Six equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $2.25.
PolyMet Mining Corp. (NYSE:PLM) opened at 1.04 on Friday. PolyMet Mining Corp. has a 52 week low of $0.85 and a 52 week high of $1.56. The stock has a 50-day moving average of $1.07 and a 200-day moving average of $1.10. The company’s market cap is $286.7 million.
PolyMet Mining Corp. (NYSE:PLM) last announced its earnings results on Monday, December 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). On average, analysts predict that PolyMet Mining Corp. will post $-0.03 earnings per share for the current fiscal year.
PolyMet Mining Corp. (NYSE:PLM) is a development-stage company engaged in the exploration and development of natural resource properties."
Governor: New IRRRB commissioner must get back to agency’s core mission
Posted: Saturday, December 13, 2014 9:50 pm
Gov. Mark Dayton plans to have a decision made on a new Iron Range Resources & Rehabilitation Board commissioner by Jan. 5, just a day before the new legislative session begins.
The governor seems to have a good and thorough selection process in place. And that should be the case, as this is a very important appointment for the governor, but more importantly for the very future of the Iron Range.
While the governor has several different points to be addressed in the process, we strongly believe the top priority for consideration has to be for the agency to return to its roots and mission of working to diversify the Range economy.
The IRRRB needs someone with a firm resolve to expand the Iron Range job base outside of mining and mining-related businesses.
Mining remains the very vertebrae of the Iron Range economy. That industry has been the biggest job-generator on the Range for more than 130 years now and will continue to play that role for generations to come.
But we need to add value to that resource and also the logging industry.
And we need to grow our manufacturing and telecommunications bases to help fulfill the agency’s initial mission.
The governor’s mantra before his election in 2010 was “Jobs, jobs, jobs,” which was an echo of the words of his one time boss, former Gov. Rudy Perpich of the Iron Range.
The governor now needs a “Jobs” and “Economic Development” commissioner for the IRRRB. That should be priority No. 1, No. 2. and No. 3 for the job.
The job shouldn’t be about process; it needs to be about economic development results.
It shouldn’t be about public works; it needs to be about strong ties with private business — after all, government doesn’t create jobs, that’s the work of the private sector. Government can provide help and some tools, but it does not put payrolls in place.
And just as important, the IRRRB shouldn’t be about political favoritism. A job does not have a “D” or an “R” on a paycheck for a worker.
The IRRRB is vital to the Iron Range. It needs to do better to be motivator in diversifying the economy and the job base.
Demand for U.S. Minerals on the Rise
(StatePoint) Minerals are vital to manufacturing products and technologies that propel the U.S. economy, fostering innovation and supporting U.S. industrial competitiveness. A growing global population, and development of new technologies and products that rely on greater combinations of minerals, have increased demand for raw materials.
Manufacturing leaders are increasingly concerned about U.S. minerals and metals supply, and believe sourcing within the United States will lead to U.S. job creation, increased national security and international competitiveness, according to a survey commissioned by the National Mining Association (NMA) of more than 400 senior executives in the industry.
While business leaders value domestic supply chains, the current duplicative and inefficient permitting process for new mines within the United States hinders this availability, according the survey. Currently, it can take seven to 10 years to establish a U.S. mine. Despite having one of the world’s largest mineral repositories, with reserves of more commodity minerals and metals than any other country, U.S. manufacturers are dependent on foreign sources for more than half of the raw materials they use.
U.S. manufacturing leaders agree that a more predictable and efficient permitting process will better feed the manufacturing supply chain and ultimately create a more sustainable and resilient U.S. economy.
Yes! Stock is like a yo yo it goes up and down depends on the news for that moment. Hang on and set a price, the wait.
Something is going on! The price has stabilized, and all is quite on the news cycle.
Good call! I can see how you connected the dots for this post.
Lets hear it from the lips of our politician Rick Nolan.
U.S. House passed legislation to streamline federal environmental permitting for mining projects.
Nolan, U.S. House vote for quicker mining permits
U.S. Rep. Rick Nolan joined with other mining supporters Wednesday when the U.S. House passed legislation to streamline federal environmental permitting for mining projects.
By: John Myers, Duluth News Tribune
U.S. Rep. Rick Nolan (2011 file / News Tribune)
U.S. Rep. Rick Nolan joined with other mining supporters Wednesday when the U.S. House passed legislation to streamline environmental permitting for mining projects on federal lands.
The Bill, HF 761, called the National Strategic and Critical Minerals Production Act of 2013, passed the Republican-controlled House by a 246 to 178 vote.
The bill declares most new mining projects as strategic for the nation, speeds up the federal agency review process and restricts efforts to file lawsuits to stop such projects. The bill essentially sets a 30-month limit for environmental review and a 60-day limit for any challenges.
Nolan, D-Crosby, was one of only 15 Democrats to vote in favor of the bill. He had said in recent weeks that he was undecided on the bill, and opponents of faster-paced mining projects in Minnesota bombarded Nolan with calls to vote no.
In the end, Nolan backed the bill that had been pushed for more than a year by western state Republicans. It appears to be a reversal of a statement Nolan made just over one year ago when he said he supported streamlined permitting but the Republican bill went too far to erode environmental protections.
Nolan’s office said the difference this year is a “deeper appreciation on Congressman Nolan’s part for how the delayed and broken permitting process is holding back projects” on Minnesota’s Iron Range.
“Even though this is not the bill I would have written, I voted yes on H.R. 761 because we need to streamline and standardize a broken mining permitting process that is delaying projects with the potential for thousands of good paying jobs and billions of dollars in economic development,” Nolan said in a written statement. “I will continue to do everything within my power to advance good paying mining jobs and work for strong environmental protections in all the laws and policies that affect the mining industry.”
Nolan said he supported several Democratic amendments that would have strengthened environmental protections in the bill, including efforts to define which minerals are considered “strategic and critical.” The amendments were all defeated.
It’s not clear if or when the Democratic-controlled Senate might act on the bill, but even supporters say its chances there are slimmer. Nolan spokesman Steve Johnson said it’s worthwhile to raise the permitting issue even if the bill doesn’t get a hearing in the Senate.
Several groups on Wednesday expressed disappointment that Nolan would vote for the bill that they say would push projects like the PolyMet and Twin Metals copper mines proposed for Northeastern Minnesota through the regulatory process too fast, before all concerns can be vetted.
It was only because of current federal regulations, bill opponents say, that the original PolyMet mining plan was sent back for substantial revisions.
HR 761 is “an extreme bill. It would exempt mining projects from protective environmental laws including the National Environmental Policy Act and the Endangered Species Act. It would bypass public and community review and input for proposed mines,” the group Friends of the Boundary Waters Wilderness said in a statement Wednesday. “In short, it would cut the public out of the process and roll back federal environmental law to the 1960s.”
According to the non-partisan Library of Congress summary of the bill, HR 761 would classify any U.S. mining project that will provide strategic and critical minerals as a federal “infrastructure project” with expedited timeliness for review.
The proposed mining project automatically would be exempted from being considered a “major action” under federal law, meaning it could be exempt from requirements of the National Environmental Policy Act.
The bill also requires the lead federal agency involved to begin implementing the act with respect to such application within 30 days of receiving such a request. And the legislation also reduces the amount of time, and limits the circumstances, under which anyone can file suit in federal court to stop a strategic mining project.
The White House issued a statement Wednesday saying HR 761 would “undermine and remove” key environmental rules.
But supporters of the legislation say the changes are long overdue and will help reduce repetition and unnecessary delays in the process of obtaining environmental review and permits.
Frank Ongaro, executive director of the Mining Minnesota industry group, said the legislation may not substantially impact projects already in the environmental review process. But he said it could make a big difference in attracting interest and investors in other projects down the line.
“Anything that will help streamline and improve the federal environmental review process is a positive thing,” Ongaro told the News Tribune. “If we are ever going to develop domestic sources of strategic metals, including here in Minnesota, we need to have more timeliness and certainty in the process … certainty that there’s a specific deadline for decisions to be made. We’re very thankful for Rep. Nolan’s support. It sends a positive message for mining in Minnesota.”
http://www.duluthnewstribune.com/event/article/id/278291/
The same thing happen to Polymet a few months back.
Now Romarco Minerals NC just got their permit.
News > Press Releases
IIROC Trade Resumption - Romarco Minerals Inc.
T.R, RTRAF | 10 days ago
Toronto, Ontario--(Newsfile Corp. - October 28, 2014) - Trading resumes in:
Company:
Romarco Minerals Inc.
TSX Symbol:
R
Resumption Time (ET):
IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
For further information: IIROC Inquiries 1-877-442-4322 (Option 3) - Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.
copyright (c) newsfile corp. 2014. all rights reserved
Newsfile Corp.
October 28, 2014 - 8:09 AM EDT
Tags: INDUSTRIAL METALS & MINERALS
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DNR report on core samples in Aitkin MN and Minnesota mineral rights!
http://www.dnr.state.mn.us/lands_minerals/mpes_projects/project394.html
Thanks!
Is anybody else having problems with IHUB stock ticker link?
Interesting email I got today.
Please share it with your fellow investing friends. Who think Al Franken and the democrats are for mining.
This year, Environment Minnesota has endorsed Al Franken for U.S. Senate.
Tomorrow -- Tuesday, Nov. 4 -- is Election Day. Please vote and when you do, please consider the candidates who will be best for our environment and our health.
Thank you.
Shelley Vinyard
Environment Minnesota Regional Program Director
trickledownfacists
Great content!
I enjoy reading your posts keep up the good work!
Franken steps up 'money fatigue' fundraising emails
http://video.foxnews.com/v/3775983546001/franken-steps-up-money-fatigue-fundraising-emails/#sp=show-clips
The tide has turned!
Weight of the world crushes Dem strategy
MN Poll results: Franken's lead dips below 10 percentage points
Sunday October 26, 2014
HOW POLL WAS CONDUCTED: The Star Tribune Minnesota Poll surveyed 800 Minnesota likely voters Oct. 20-22, 2014. Respondents were reached...
One hidden problem the Dems have is the inflated polls like Franken is 15 point a head, that sends the message to the low information voters that its in the bag, and they don't need to vote. We win!!!!
1
Asked of 555 likely voters
Margin of Sampling Error for this question = ± 4.2%
If the election for U.S. House of Representatives from Minnesota's 8th Congressional District were today, who would you vote for? Republican Stewart Mills? DFL candidate Rick Nolan? Or Green Party candidate Ray "Skip" Sandman?
47%
Stewart Mills (R)
39%
Rick Nolan (DFL)
4%
Ray "Skip" Sandman (G)
11%
Undecided
2
Asked of 555 likely voters
Margin of Sampling Error for this question = ± 4.2%
Do you approve or disapprove of the job Rick Nolan is doing as US Representative?
38%
Approve
42%
Disapprove
20%
Not Sure
3
Asked of 555 likely voters
Margin of Sampling Error for this question = ± 4.2%
Which one of these issues is most important when deciding how you will vote in this election? Health care? Taxes? Mining? Foreign policy or terrorism? Social security? Or something else?
30%
Health Care
20%
Taxes
9%
Mining
12%
Foreign Policy Or Terrorism
11%
Social Security
13%
Something Else
5%
Not Sure
4
Asked of 555 likely voters
Margin of Sampling Error for this question = ± 4.2%
Do you approve or disapprove of the Affordable Care Act also known as "Obamacare?"
38%
Approve
56%
Disapprove
6%
Not Sure
5
Asked of 555 likely voters
Margin of Sampling Error for this question = ± 4.2%
Do you think the Polymet Mining project in Hoyt Lakes should or should not get final government approval?
55%
Should
17%
Should Not
28%
Not Sure
Minnesota maybe up for grabs.
Check out this video on YouTube:
“First of all, this memo will not argue that Mike McFadden is tied or within the margins of Senator Franken,” Kuhl wrote. “We know we are trailing, but with the exception of SurveyUSA, polls show that McFadden is gaining on Senator Franken.
Kuhl cited polls by Rasmussen Reports and CBS News/New York Times/YouGov that show Franken’s lead in single digits. Kuhl said those two polls show the race tightening.
Kuhl also said that special interest groups backing Franken are spending heavily in the race, something he suggested would not be happening if Franken had a wide lead.
“With control of the Senate on the line, it strains credulity to believe that liberal causes would throw money at a race in which they lead by 18-points,” Kuhl wrote. “Given the stakes on November 4th, it would be political malpractice for Democrats to spend precious funds on a race they believe is over.”
A poll showing Franken with a wide lead could have ramifications for the entire ticket especially if DFL Gov. Mark Dayton is also polling well ahead of Republican Jeff Johnson. If Republicans voters believe that they can’t win either statewide race, competitive U.S. House races and legislative contests could also suffer.
Meanwhile, Democrats are also expressing some concern about the poll. DFL Party Chair Ken Martin and others have repeatedly said that polls showing their candidates with wide leads could lead DFL voters to be complacent.
DULUTH, Minn.–Kansas independent Greg Orman isn’t the only third-party candidate making waves in this year’s midterm elections.
In Minnesota, a Green Party challenger could potentially tilt the race away from Democratic incumbent Rep. Rick Nolan, according to local experts and operatives on both sides of the aisle.
Ray “Skip” Sandman’s anti-mining stance could siphon votes from environmentalist Democrats who would otherwise back Mr. Nolan. The Democratic incumbent is currently locked in a tight race against Republican businessman Stewart Mills.
“His chances of becoming a congressman are nil and all he’s doing is improving the chances of the Republican,” Don Bye, chairman of the district’s Democratic-Farmer-Labor party said of Mr. Sandman. If the race comes down to the wire, Mr. Nolan would need to win by a wider margin if he loses some votes to Mr. Sandman, Mr. Bye said.
Mr. Sandman has staked out firm opposition to a copper-nickel and precious metals mine proposed by PolyMet Mining Corp.POM.T 0.00% currently under environmental review by the state. PolyMet has estimated the mine would create 360 direct jobs.
“The environment is a very special thing here and very delicate and at this point we do not have the science to clean up the spills,” Mr. Sandman, a Vietnam veteran and former corrections officer, said in a recent interview during his lunch break from his full-time job as a cultural adviser at a substance abuse treatment center in Sawyer, Minn.
U.S. NEWS
Facing Longer Odds, Democrats Shift Funds
Ad Spending Pulled From Congressional Races Where Hopes Fade in Favor of Boosting Vulnerable Incumbents, Open Contests.
House Democrats are pulling ad money from 11 congressional races where hopes of victory are dimming, including several in Michigan, California and New York, and shifting it to a half-dozen contests where party leaders want to protect vulnerable incumbents or see solid odds of winning, including contests in Minnesota and Illinois.
The move is another sign that Republicans are poised to strengthen their House majority.
PLM analyst increase buy rating on stock.
http://thestockmarketwatch.com/stock/stock-data.aspx?stock=PLM&a=showAnalyst
More good news for mining in Minnesota
Look up the article.
Essar Steel's US arm achieves fin closure for $1.8 bn project