PolyMet Strengthens Permitting Expertise
Published : September 11, 2012

Groundwater Monitoring Requirements Satisfied

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

ST. PAUL, MINNESOTA--(Marketwire - Sept. 11, 2012) - PolyMet Mining Corp. (News - Market indicators)(NYSE MKT:PLM)(NYSE Amex:PLM) ("PolyMet" or the "Company") today reported that it has hired Foth Infrastructure & Environment ("Foth") to assist in completion of the NorthMet environmental review and permitting process. Separately, PolyMet has completed a mine site groundwater monitoring program in order to addresses concerns expressed by the U.S. Environmental Protection Agency ("EPA") in its review of the 2009 Draft Environmental Impact Statement ("EIS").

PolyMet owns 100% of the NorthMet Project, which comprises the development-stage NorthMet copper-nickel-precious metals ore-body and the nearby Erie Plant, located near Hoyt Lakes in the established mining district of the Mesabi Iron Range in northeastern Minnesota. The Minnesota Department of Natural Resources ("DNR"), the U.S. Forest Service ("USFS") and the U.S. Army Corp, of Engineers ("USACE") are Lead Agencies and the EPA is a co-operating Agency in the preparation of the Supplemental Draft EIS.

Foth Infrastructure & Environment

Foth is a recognized leader in environmental review and permitting with a nationwide reputation for successful permitting of nonferrous mining projects in the upper Midwest. In particular, Foth was the lead consultant that secured the environmental permits for the Kennecott Eagle nickel and copper mine in Michigan and the Flambeau Copper Mine in Wisconsin.

"I am very excited to have Foth join our permitting team," said Jon Cherry, president and CEO of PolyMet. "Foth's key role is to provide strategic advice related to securing the permits necessary to construct and operate the NorthMet Project in an environmentally sound manner, as well as to ensure appropriate quality of permit submittals."

Foth is conducting a high-level review of input to the NorthMet SDEIS, working with other consulting firms including Minnesota-based Barr Engineering, which will continue critical environmental design, engineering and permitting work for the project. Foth's experience in locations similar to those found in Northeastern Minnesota, combined with Barr Engineering's experience in Iron Range mining projects, creates a very strong team.

"Foth is very pleased to be working on this high quality copper-nickel project in the Midwest. I am confident that the successful permitting experiences we have had on these types of mines, combined with the historic and ongoing experience of Barr Engineering, will bring the PolyMet permits across the finish line," said Steve Donohue, Director at Foth.

Groundwater Monitoring

In 2011, PolyMet decided to undertake additional groundwater monitoring at the NorthMet mine site in order to address EPA concerns about the dataset used in the 2009 Draft EIS. The initial program, comprising monthly sampling and analysis from 24 monitoring wells, was agreed with the EPA in October 2011. PolyMet has successfully completed the agreed program and the requirements set out in the agreement with the EPA have been met.

"Part of the function of the SDEIS is to address concerns raised by the EPA and others in their review of the 2009 Draft EIS. Exhaustive review of the inputs to the SDEIS is essential to ensure that the environmental review and permitting process is accurate, thorough, and defensible," Mr. Cherry observed. "The current focus is to finalize engineering controls needed to demonstrate the project will meet all applicable compliance standards. Once these design details are finalized they will be incorporated into a draft SDEIS for final review by Lead and co-operating Agencies prior to publication of the SDEIS for public review."

About PolyMet

PolyMet Mining Corp. (www.polymetmining.com) is a publicly-traded mine development company that owns 100% of Poly Met Mining, Inc., a Minnesota corporation that controls 100% of the NorthMet copper-nickel-precious metals ore body through a long-term lease and owns 100% of the Erie Plant, a large processing facility located approximately six miles from the ore body in the established mining district of the Mesabi Range in northeastern Minnesota. Poly Met Mining, Inc. has completed its Definitive Feasibility Study and is seeking environmental and operating permits to enable it to commence production. The NorthMet project is expected to require approximately one-and-a-quarter million hours of construction labor at the plant site and an additional three-quarters of a million hours of construction labor preparing the mine site, creating approximately 360 long-term jobs, a level of activity that will have a significant multiplier effect in the local economy.

Jon Cherry, CEO

This news release contains certain forward-looking statements concerning anticipated developments in PolyMet's operations in the future. Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates," "potential," "possible," "projects," "plans," and similar expressions, or statements that events, conditions or results "will," "may," "could," or "should" occur or be achieved or their negatives or other comparable words. These forward-looking statements may include statements regarding our beliefs related to exploration results and budgets, reserve estimates, mineral resource estimates, work programs, capital expenditures, actions by government authorities, including changes in government regulation, the market price of natural resources, costs, ability to receive environmental and operating permits, job creation, or other statements that are not a statement of fact. Forward-looking statements address future events and conditions and therefore involve inherent known and unknown risks and uncertainties. Actual results may differ materially from those in the forward-looking statements due to risks facing PolyMet or due to actual facts differing from the assumptions underlying its predictions. 

In connection with the forward-looking information contained in this news release, PolyMet has made numerous assumptions, regarding, among other things: the geological, metallurgical, engineering, financial and economic advice that PolyMet has received is reliable, and is based upon practices and methodologies which are consistent with industry standards. While PolyMet considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.

PolyMet's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and PolyMet does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations and opinions should change.

Specific reference is made to PolyMet's most recent Annual Report on Form 20-F for the fiscal year ended January 31, 2012 and in our other filings with Canadian securities authorities and the U.S. Securities and Exchange Commission, including our Report on Form 6-K providing information with respect to our operations for the three months ended July 31, 2012 for a discussion of some of the risk factors and other considerations underlying forward-looking statements.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

PolyMet Mining Corp. - Corporate
Douglas Newby
Chief Financial Officer
+1 (651) 389-4105
dnewby@polymetmining.com
or
PolyMet Mining Corp. - Media
LaTisha Gietzen
VP Public, Gov't & Environmental Affairs
+1 (218) 225-4417
lgietzen@polymetmining.com
or
PolyMet Mining Corp. - Investors
Jenny Knudson
VP - Investor Relations
+1 (651) 389-4110
jknudson@polymetmining.com
or
PolyMet Mining Corp. - Investors
Alex Macdougall
IR Consultant
+1 (226) 663-3000
amacdougall@polymetmining.com
www.polymetmining.com

Polymet Mining Corp

CODE : POM.TO
ISIN : CA7319161021
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Polymet is a copper and nickel development stage company based in Canada.

Polymet holds various exploration projects in USA.

Its main exploration property is NORTHMET in USA.

Polymet is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 909.5 millions as of today (US$ 727.2 millions, € 637.0 millions).

Its stock quote reached its lowest recent point on March 27, 2020 at CA$ 0.26, and its highest recent level on September 04, 2020 at CA$ 8.30.

Polymet has 318 549 984 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Polymet Mining Corp
7/5/2008Duluth Complex: A World-Class Value Play
9/7/2006Follow up
Financings of Polymet Mining Corp
6/27/2013Reminder to Shareholders Rights Offering Closes at 5:00 pm E...
5/24/2013Announces Terms of US$60=2E5 Million Rights Offering and Fil...
12/6/2011Closes $20 Million Private Placement With Glencore
11/30/2011and Glencore Agree to Extend Debentures
1/18/2011Polymet Closes First $10 Million Tranche of Glencore Financi...
11/17/2009Modifies Terms of Existing Glencore Warrants
Nominations of Polymet Mining Corp
1/25/2011Names Brad Moore Executive VP-Environmental and Governmental...
2/19/2008 Appoints Frank Sims and Joe Scipioni to the Board
3/13/2007Appoints Chief Operating Officer and NorthMet Senior Constru...
Financials of Polymet Mining Corp
6/15/2016Reports First Quarter Fiscal 2017 Results
4/22/2016Reports Fiscal 2016 Results
12/16/2015Reports Third Quarter Fiscal 2016 Results
9/4/2015Reports Second Quarter Fiscal 2016 R =?ISO-8859-1?Q?esults,=...
12/5/2013Reports Third Quarter Fiscal 2014 Results
9/11/2013Reports Second Quarter Fiscal 2014 Results
6/11/2013Reports First Quarter Fiscal 2014 Results-Rights Offering Ma...
9/7/2012Reports Second Quarter Fiscal 2013 Results
6/18/2012Reports First Quarter Fiscal 2013 Results
9/8/2011Reports Second Quarter Fiscal 2012 Results
7/6/2011Reports First Quarter Fiscal 2012 Results: Update on State o...
5/7/2011Announces Fiscal 2011 Full-Year Results
4/30/2008Reports Fiscal 2008 Fourth Quarter and Full Year Results
Project news of Polymet Mining Corp
7/14/2016Project Update at Shareholders' Meeting
12/16/2013Federal Wetlands Permit Application Published for PolyMet Pr...
8/28/2013and E&D: Polymetal swings to a loss and Ncondezi gets permit...
7/29/2013and Finance: Polymetal to take writedown of up to US$340m an...
5/30/2013(Northmet)Reports Further Progress at NorthMet Copper-Nickel Project R...
2/14/2013(Northmet)Improves NorthMet Project
11/7/2012Drilling Commences at the Croydon Polymetallic Project
2/3/2011(Northmet)Simplifies Metallurgical Process at NorthMet Project
9/26/2007(Northmet)Reports a 51% Interim Increase in Reserves at NorthMet
8/9/2007(Northmet) Reports a 51% Increase in Mineral Resources at NorthMet
7/10/2007(Northmet) Drill Program Confirms Expansion of "Magenta" Zone and Demo...
Corporate news of Polymet Mining Corp
7/14/2016PolyMet Project Update at Shareholders’ Meeting
7/11/2016PolyMet Submits Water-Related Permit Applications to the Sta...
6/15/2016PolyMet Reports First Quarter Fiscal 2017 Results
4/22/2016PolyMet Reports Fiscal 2016 Results
1/27/2016PolyMet Secures Additional US$11 Million Loan From Glencore
12/16/2015PolyMet Reports Third Quarter Fiscal 2016 Results
11/6/2015IIROC Trade Resumption - POM
11/6/2015PolyMet Final EIS Completed - Demonstrates Project Meets Env...
11/6/2015IIROC Trading Halt - POM
9/4/2015PolyMet Reports Second Quarter Fiscal 2016 Results, Progress...
7/17/2015PolyMet Reports Accomplishments at Annual Shareholders’ meet...
7/16/2015PolyMet Reports Accomplishments at Annual Shareholders' Meet...
12/15/2014PolyMet Reports Third Quarter Fiscal 2015 Results - Project ...
12/15/2014PolyMet Reports Third Quarter Fiscal 2015 Results Project Up...
10/8/2014PolyMet Final EIS "Early Spring" 2015
9/9/2014PolyMet Reports Second Quarter Fiscal 2015 Results
6/11/2014PolyMet Reports First Quarter Fiscal 2015 Results
4/25/2014PolyMet Reports Fiscal 2014 Results
4/25/2014PolyMet and Glencore Agree to Extend Term of US$32.2 Million...
3/13/2014IIROC Trade Resumption - POM
3/13/2014IIROC Trading Halt - POM (all issues)
2/24/2014DNI Metals - Operating in a Polymetallic Paradise
12/6/2013Achieves Key Milestone in Environmental Review Process
12/5/2013DNI REPORTS POSITIVE PRELIMINARY ECONOMIC ASSESSMENT FOR ITS...
11/6/2013Three-Week Federal Government Shutdown Results in Two-Week P...
9/11/2013DNI'S RESOURCE STUDY REPORT UPDATING AND EXPANDING THE MINER...
8/27/2013DNI EXPANDS BUCKTON ZONE INFERRED RESOURCE TO 4.9 BILLION TO...
8/26/2013Significant Progress for PolyMet Environmental Review
8/23/2013Minnesota DNR Announces Publication Date for PolyMet Supplem...
7/25/2013s Investors With Exclusive Interview With The Wall Street An...
7/10/2013Reports Strong Positioning at Shareholders' Meeting
7/5/2013Closes Successful Rights Offering; Financed to Complete Perm...
6/19/2013on PolyMet Rights Offering-Informationfor Those Who Have Not...
5/13/2013Reports Completion of Drafting of Preliminary EIS
4/23/2013Reports Fiscal 2013 Results
4/19/2013(Northmet)NorthMet News - PolyMet Mining, Inc.
4/10/2013US$60 Million Common Share Rights Offering to All Shareholde...
1/11/2013DNI CONSOLIDATES AND EXPANDS BUCKTON RESOURCE TO 3.49 BILLIO...
12/11/2012(Northmet)NorthMet News - PolyMet Mining, Inc.
11/1/2012s Technical Disclosure
10/15/2012Closes $10 Million Third Tranche of Glencore Financing
10/10/2012Reports Successful Water Treatment Pilot Plant
9/13/2012(Northmet)NorthMet News - PolyMet Mining, Inc.
9/11/2012Strengthens Permitting Expertise
7/17/2012Focuses Corporate Leadership Team in Minnesota
7/11/2012Announces Results of Shareholders' Meeting
6/28/2012Form 20-F Availability
6/21/2012Strengthens Leadership Team
6/15/2012for IMMEDIATE Dissemination - Verbatim - Kootenay and Pinecr...
6/14/2012Reports Technical Disclosure Review
5/23/2012Reports Progress on Environmental Review
5/1/2012Reports Fiscal 2012 Results
3/19/2012DNI EXTRACTS METALS FROM ITS ALBERTA POLYMETALLIC SHALES USI...
2/29/2012Acquires Control of Wetlands
2/13/2012Clarifies Status of Environmental Review Following Misleadin...
2/1/2012s Status of Environmental Review
1/16/2012DNI ANNOUNCES 250 MILLION TON INFERRED RESOURCE FOR REE-Y-Sc...
12/14/2011orate and Project Update; Third Quarter Fiscal 2012 Results
11/30/2011Agrees to Sell US$20 Million of Common Shares to Glencore
10/12/2011Everett Resources Commences Second Phase 2,500 Meter Drill P...
9/19/2011(Northmet)s Progress on NorthMet Environmental Review
7/15/2011Closes Second $10 Million Tranche of Glencore Financing
6/30/2011Closes IRRRB Loan
6/17/2011Reports Mailing of Information Circular
5/5/2011to File Financial Statements on or Before May 9, 2011
5/3/2011Announces Delay in Filing Year-End Financial Statements
4/15/2011s Status of Environmental Review
6/25/2010EIS-Path Forward to Completion Announced
3/15/2010Statement on Environmental Review Timeline
3/4/2010Environmental Review Process Clarified
2/23/2010s NorthMet Environmental Review Progress
1/26/2010Receives Second Installment From Glencore
11/24/2009Closes Financing-Project Update
11/17/2009Sells US$25 Million of Common Shares to Glencore
10/28/2009Environmental Impact Statement Published
10/5/2009Draft EIS Available the Week of October 19, 2009
10/1/2009s EIS Publication Schedule
9/2/2009Draws Fourth Tranche of Loan From Glencore
8/27/2009Files US$500 Million Universal Shelf Registration
6/19/2009Draws Third Tranche of Loan From Glencore
12/24/2008Draws Second Tranche of Loan From Glencore
12/22/2008Receives Draft EIS From Department of Natural Resources
9/24/2008EIS and Glencore Update
9/4/2008and Glencore Sign Strategic Marketing Agreement
8/12/2008Minnesota DNR Updates PolyMet EIS Progress
6/12/2008s EIS Progress
6/2/2008Present at the New York Society of Security Analysts' 8th An...
5/20/2008Capital and Operating Costs
2/15/2008Updates EIS Schedule for Its Copper-Nickel-Precious Metals P...
2/5/2008Strengthens Minnesota Focus
11/5/2007Present at Third Annual Sanders Morris Harris Investor Growt...
10/4/2007Hosts Analyst and Investor Tour
9/14/2007Quarterly Financials
9/4/2007Signs Northmet Construction Labor Agreement
8/21/2007Expands NorthMet Management Team
5/16/2007Updates NorthMet Environmental Review
5/7/2007Research Capital Report
5/7/2007Announces Retirement of Warren Hudelson Receives Approval fo...
3/21/2007Financial Adviser Engages NorthMet Independent Engineer
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (POM.TO)AMEX (PLM)
2.86+0.53%2.09-0.48%
TORONTO
CA$ 2.86
10/12 16:15 0.020
0.53%
Prev close Open
2.84 2.82
Low High
2.82 2.86
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
1.03 -  2.87 5.15%
Volume 1 month var.
4,178 0.175%
24hGold TrendPower© : 30
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20241.96%
2023-22.65%3.761.01
20220.56%6.153.05
2021-15.49%6.713.28
20201252.38%8.300.26
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.68-0.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.04+1.42%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-2.53%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.51+6.36%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.05+2.62%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+7.89%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.92+2.67%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.50-0.32%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03-2.94%Trend Power :