What is the current status of the PolyMet project?
Facts & Stats
| Status* | All major state and federal permits received including Permit to Mine, air and water permits and federal wetlands (Section 404) permit |
|---|---|
| Acreage / ownership | Approximately 19,000 contiguous acres including mine and processing sites, transportation corridor, existing tailings basin and buffer |
Will PolyMet ever open?
PolyMet’s permit to mine says planned mining and reclamation activities will be done in roughly 2072, though long-term maintenance and “active water treatment” will continue indefinitely until state rules on mine closure are met and the need for maintenance has ended.
Who is PolyMet owned by?
Glencore
PolyMet is now owned by Switzerland’s Glencore.
What is the exact location of the proposed PolyMet copper, nickel mine?
northeastern Minnesota
(PolyMet) is proposing to develop a mine and processing plant to extract copper, nickel, and precious metals from the NorthMet Deposit in northeastern Minnesota. The NorthMet project is located about six miles south of Babbitt and one mile south of the existing Northshore (iron ore) Mine.
Is PLM a good stock to buy?
If you are looking for stocks with good return, Polymet Mining Corp can be a profitable investment option. Polymet Mining Corp quote is equal to 3.260 USD at 2022-09-14. Based on our forecasts, a long-term increase is expected, the “PLM” stock price prognosis for 2027-09-10 is 8.681 USD.
What are the risks of opening the polymet mine?
Toxic spills and acid mine drainage kill wildlife, poison community drinking water, and pose serious health risks. River otters are at risk from the proposed PolyMet mine.
Is PolyMet mining a good investment?
If you are looking for stocks with good return, Polymet Mining Corp can be a profitable investment option. Polymet Mining Corp quote is equal to 3.320 USD at 2022-09-15. Based on our forecasts, a long-term increase is expected, the “PLM” stock price prognosis for 2027-09-10 is 8.681 USD.
What are the risks of opening the PolyMet mine?
Is PLM a buy?
Polymet Mining Corp (NYSE American:PLM)
The 1 analysts offering 12-month price forecasts for Polymet Mining Corp have a median target of 15.00, with a high estimate of 15.00 and a low estimate of 15.00. The median estimate represents a +401.67% increase from the last price of 2.99.
Will PLM stock go up?
The 1 analysts offering 12-month price forecasts for Polymet Mining Corp have a median target of 15.00, with a high estimate of 15.00 and a low estimate of 15.00. The median estimate represents a +349.10% increase from the last price of 3.34.
What does polymet mining do?
PolyMet focuses on the exploration and development of natural resource properties. The company’s main asset is the NorthMet Project located in northeastern Minnesota, which is expected to deliver copper, nickel, cobalt, gold, silver, and platinum group metal mineralization.
What type of mine would PolyMet be?
open pit copper and nickel mine
The PolyMet mine would be an open pit copper and nickel mine north of Hoyt Lakes in an area that is now part of the Superior National Forest. It is likely to be the first of many sulfide mining proposals in northern Minnesota.
How many jobs does PolyMet propose this mine will create?
360 mining
Polymet, which remains immersed in a permitting battle over its planned mine at the old LTV taconite site, estimates the project once completed would produce 360 mining, engineering, mechanical and other professional jobs.
Is PLM stock a good buy?
If you are looking for stocks with good return, Polymet Mining Corp can be a profitable investment option. Polymet Mining Corp quote is equal to 3.120 USD at 2022-08-31. Based on our forecasts, a long-term increase is expected, the “PLM” stock price prognosis for 2027-08-27 is 8.376 USD.
What does PolyMet mining do?
What kind of mine is PolyMet?
copper-nickel mine
Our copper-nickel mine, the NorthMet project, is modern, safe and brimming with opportunity for the state of Minnesota. Located within the established Mesabi Iron Range mining district, the NorthMet project will produce copper, nickel, cobalt and other precious metals we need to drive a sustainable future.
What are the risks of PolyMet?
Why is there so much iron in Minnesota?
The story of iron, in Minnesota, began over one and one-half billion years ago when a vast, shallow sea covered the northern part of the state we know today. The Mesabi Range began in this sea, which contained concentrations of iron and silica.
When did PolyMet start mining?
Mid-1980s – PGM Discovery.
What is the largest Iron Range in Minnesota?
The Mesabi Iron Range
The Hull-Rust-Mahoning mine in Hibbing, Minnesota, is the largest open-pit iron mine in Minnesota. As of 2020, material is still mined from the complex by Hibbing Taconite, or HibTac. The Mesabi Iron Range wasn’t the first iron range to be mined in Minnesota, but it has arguably been the most prolific.
Where can I find gold in Minnesota?
As per Minnesota Department of Natural Resource(MDNR), they have discovered six major areas which has gold deposits. These sublimates are found in Bigfork, Cook, International Falls, Linden Grove, Vermilion, and Virginia Horn.
What do they do with taconite?
The taconite pellets are loaded into ore ships. These ships sail on the Great Lakes to Gary, Indiana, Cleveland, Ohio and other steel-making towns. The taconite pellets are brought to the steel mills to be melted down into steel.
Is it illegal to pan for gold MN?
Gold panning must not disturb fish and aquatic plant habitat and may not be conducted in areas where mineral collecting activities are prohibited, such as state parks. The State does not require a permit for this type of recreational activity in the state-owned beds of streams, rivers and lakes.
Can diamonds be found in Minnesota?
Minnesota has:
An Archean-aged Superior Craton root (Fig. 1) that underlies two thirds of Minnesota; diamondiferous kimberlites have been found elsewhere within the Superior Craton in Ontario and Michigan (Fig. 2).
What’s the difference between iron ore and taconite?
Taconite is a low-grade iron ore.
When the high-grade natural iron ore was plentiful, taconite was considered a waste rock and not used. But as the supply of high-grade natural ore decreased, industry began to view taconite as a resource.