Friday, May 26, 2017 3:32:40 PM
This mine is about Allete getting the copper that they need to help them expand their renewable energy business. They get to control their own supply of copper through the Northmet mine while Glencore provides funding and mining expertise, in return Glencore gets the precious metals.
Alletes saves HUGE by cutting out a third party copper producer and they will pay undermarket value.
"He'll be the first to point out that the company's new solar farm at Camp Ripley uses more than 30 tons of copper, and its Bison Wind Energy Center in North Dakota uses 1,500 tons, and that copper has to come from somewhere — possibly another big new customer, PolyMet Mining Corp. As he said at last week's investor meeting: "Minnesota is a leader in clean energy, and it can also be a leader in clean mineral mining." (Hodnik is on the board of directors for PolyMet, which is edging closer to getting permits for a copper and nickel mine in northern Minnesota.)
That might not make him friends with environmentalists, who remain staunchly opposed to copper mining in the state, but renewable energy requires nonrenewable resources"
http://www.duluthnewstribune.com/business/energy/4266670-allete-powers-duluth-based-company-thriving-it-renews-focus-all-things
Recent PLM News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 11/17/2023 09:00:18 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 11/08/2023 06:49:29 PM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 11/07/2023 08:23:49 PM
- Form SC 13E3/A - Going private transaction by certain issuers: [Amend] • Edgar (US Regulatory) • 11/07/2023 08:18:49 PM
- Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities • Edgar (US Regulatory) • 11/07/2023 02:17:06 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/07/2023 12:31:46 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/03/2023 07:08:45 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/02/2023 11:23:52 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/27/2023 11:32:47 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/16/2023 12:24:31 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/03/2023 01:15:06 AM
- Form SC 13E3/A - Going private transaction by certain issuers: [Amend] • Edgar (US Regulatory) • 10/02/2023 11:59:46 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/28/2023 11:31:51 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM