Minnesota Court of Appeals Upholds Nonferrous Mining Rules for PolyMet NorthMet Project
05 August 2019 - 6:59PM
Business Wire
Poly Met Mining, Inc., a wholly-owned subsidiary of PolyMet
Mining Corp. (together “PolyMet” or the “company”) TSX: POM; NYSE
American: PLM, announces that the Minnesota State Court of Appeals
today affirmed the validity of the state’s nonferrous mining rules,
rejecting a challenge from environmental groups who sought to
overturn the rules after the state issued PolyMet’s Permit to
Mine.
In its unanimous decision, the three-judge panel recounted the
history of the Department of Natural Resources’ nonferrous mining
rules, emphasizing the decade of “study and rulemaking proceedings”
that led to their adoption. The court agreed with the DNR that
“flexible reclamation rules are necessary to accommodate the
variety of conditions at proposed mine sites” and endorsed the
DNR’s authority to establish reclamation standards and “deny a
permit . . . if reclamation standards cannot be met.”
This case was filed in 2018 against the DNR by the Minnesota
Center for Environmental Advocacy and Friends of the Boundary
Waters Wilderness. PolyMet intervened as a co-respondent to defend
the rules.
“We are pleased that the Court of Appeals ruled in our favor,”
said Jon Cherry, president and CEO. “Minnesota’s standards for
nonferrous mining are among the strictest anywhere in the world,
and we demonstrated through the extensive environmental review and
permitting process that we can meet or exceed these standards.”
PolyMet is the first company to be fully permitted to mine
copper, nickel and precious metals from the world-class Duluth
Complex under the state’s nonferrous rules.
About PolyMet
PolyMet Mining Corp. (www.polymetmining.com) is a publicly
traded mine development company that owns 100 percent of Poly Met
Mining, Inc., a Minnesota corporation that controls 100 percent of
the NorthMet copper-nickel-precious metals ore body through a
long-term lease, and owns 100 percent of the former LTV Steel
Mining Company processing facility, located approximately seven
rail miles from the ore body in the established mining district of
the Mesabi Iron Range in northeastern Minnesota. Poly Met Mining,
Inc. has completed its Definitive Feasibility Study and received
all permits necessary to construct and operate the NorthMet
Project. NorthMet is expected to require approximately two million
hours of construction labor, create approximately 360 long-term
jobs directly, and generate a level of activity that will have a
significant multiplier effect in the local economy.
PolyMet Disclosures
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 the
ability to receive environmental and operating permits, job
creation, and the effect on the local economy, 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.
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 risk factors and other
considerations underlying forward-looking statements discussed in
PolyMet’s most recent Annual Report on Form 40-F for the fiscal
year ended December 31, 2018, and in our other filings with
Canadian securities authorities and the U.S. Securities and
Exchange Commission.
The Annual Report on Form 40-F also contains the company’s
mineral resource and other data as required under National
Instrument 43-101.
The TSX has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20190805005503/en/
Media Bruce Richardson, Corporate Communications Tel: +1
(651) 389-4111 brichardson@polymetmining.com
Investor Relations Tony Gikas, Investor Relations Tel: +1
(651) 389-4110 investorrelations@polymetmining.com
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