Department of Natural Resources declines environmental groups' request to reconsider PolyMet Permit to Mine & dam safety permit
07 August 2019 - 11:37PM
Business Wire
Poly Met Mining, Inc., a wholly-owned subsidiary of PolyMet
Mining Corp. (together “PolyMet” or the “company”) TSX: POM; NYSE
American: PLM, reports the Minnesota Department of Natural
Resources today denied a request made by environmental groups to
reconsider the Permit to Mine and dam safety permit it issued for
the PolyMet NorthMet Project late in 2018.
The state spelled out its justification for denying the request
in memorandums dated today and posted on the state’s website at
www.polymet.mn.gov.
“We appreciate the state’s thoughtful and conclusive decision
formally denying environmental groups’ request for reconsideration
of these permits,” said Jon Cherry, president and CEO. He said the
permits were issued after a comprehensive and lengthy environmental
review and permitting process that involved considerable public
involvement and, in the case of the dam safety permit, independent
review by outside experts.
“The tailings dam design is configured to achieve and exceed the
project-specific factors of safety and stability required by the
state. Our proposed tailings basin has undergone more scrutiny and
independent expert review than any tailings basin in the state, and
arguably, any tailings basin in the country,” he said.
The company will reuse an existing tailings basin formerly used
in taconite mining, with some enhancement, which was found to be
environmentally preferable over a greenfield site.
Separately, the Minnesota Court of Appeals Tuesday placed a
temporary stay on the company’s water quality (NPDES) permit
pending a lower court’s resolution of a procedural matter between
the Minnesota Pollution Control Agency and the U.S. Environmental
Protection Agency related to the permit.
A scheduling hearing was held today in Ramsey County District
Court to begin the process for that court proceeding. Said Cherry,
“we remain confident that the water quality permit will ultimately
be upheld in the Court of Appeals, and we look forward to the
District Court’s contribution to that process.”
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.
Click here to subscribe to Mobile Alerts for PolyMet Mining
Corp.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190807005878/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
Polymet Mining (TSX:POM)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Polymet Mining (TSX:POM)
Historical Stock Chart
Von Jan 2024 bis Jan 2025