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Polymet Mining Corp PLM.R.W


Primary Symbol: T.POM

PolyMet Mining Corp. is a mine development company. The Company is engaged in mining copper, nickel and precious metals from the NorthMet ore body. The Company owns the NorthMet Project and Mesaba Project, which is a copper, nickel, cobalt and platinum group metal (PGM) deposits. The NorthMet deposit is located in the Partridge River Intrusion of the Duluth Complex, a geological formation near the eastern end of the Mesabi Iron Range, which is an undeveloped accumulation of copper, nickel and platinum group metals. The Mesaba Project is located in St. Louis County, Minnesota. Its NorthMet is a disseminated sulfide deposit in heterogeneous troctolitic rocks associated with Mid-continent Rift, and is rich with copper, nickel, cobalt, platinum, palladium, gold and silver. The majority of the metals are concentrated in, or associated with, four sulfide minerals: chalcopyrite, cubanite, pentlandite and pyrrhotite.


TSX:POM - Post by User

Bullboard Posts
Post by smilewithmeon Oct 08, 2007 12:32pm
354 Views
Post# 13537679

Power For Polymet

Power For Polymethttps://www.duluthnewstribune.com Taconite Harbor Energy Center reborn Peter Passi Duluth News Tribune Published Monday, October 08, 2007 Minnesota Power hosted an open house at the Taconite Harbor Energy Center on Friday not only to mark the facility’s 50th birthday but to celebrate its rebirth. The Duluth-based utility company is pouring $54 million into the 225-megawatt coal-fired plant in hopes of slashing its emissions and prolonging its life. “If not for Taconite Harbor, we would really be scrambling to meet the needs of PolyMet and Mesabi Nugget,” said McMillan, referring to two East Range projects now in the works. PolyMet Mining Corp. aims to mine and exploit a variety of metals found in the region’s copper-nickel formations. And Mesabi Nugget proposes to process low-grade iron ore, turning it into iron-rich nuggets for the steel industry’s minimills. Allete bought the power plant — along with 60 miles of transmission line — from Cleveland-Cliffs Inc., paying $50 million for the idle facility. The plant was built to support Erie Mining Co.’s neighboring operations, later acquired by LTV Steel Mining Co. When LTV shut down in 2001, the power plant was mothballed until Minnesota Power restarted the facility the following year.
Bullboard Posts