PolyMet Draft Permit to Mine Released by Minnesota DNR
January 05 2018 - 9:00AM
Business Wire
Joint public hearing announced for draft mine,
air and water permits
PolyMet Mining Corp., (“PolyMet” or the “company”) TSX: POM;
NYSE AMERICAN: PLM – is pleased to announce that today the
Minnesota Department of Natural Resources released its draft Permit
to Mine. An approved permit would allow its wholly-owned subsidiary
Poly Met Mining, Inc. (together “PolyMet” or
the “company”) to construct and operate the NorthMet
copper-nickel-precious metals mine under the DNR’s conditions.
In releasing the draft Permit to Mine for the PolyMet NorthMet
Project, the DNR also announced that public hearings on the draft
permit will be held February 7 and 8 in Aurora and Duluth,
respectively. Separately today, the Minnesota Pollution Control
Agency announced that the February 7 and 8 events also will serve
as public meetings on the draft air and water quality permits for
the NorthMet mine with their respective conditions. The draft air
and water permits, including related conditions, will be available
from the PCA prior to the meetings. The state posts draft permits,
their status and related information on www.polymet.mn.gov.
“We believe our mine design meets all necessary requirements to
construct and operate the mine in compliance with state law under
the published draft permit conditions,” said Jon Cherry, president
and CEO. “Public comment on these conditions is the last step
before DNR makes its final decision.”
The draft permit conditions detail monitoring, operating,
reporting and inspection requirements during both the construction
and operation of the mine. The draft Permit to Mine also details
the reclamation and closure plan, short- and long-term water
management plan, wetland replacement plan, and the financial
assurance conditions, including amounts required to construct and
begin operation of the mine.
The public comment period will close on March 6, 2018, after
which the agencies will consider comments before making its final
permit decisions.
“After many years of hard work we look forward to the
opportunity of opening the first copper-nickel-precious metals mine
in Minnesota. We recognize the significance of this opportunity and
the responsibility we have to do it right,” Cherry said.
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 site, a large processing facility located approximately six
miles from the ore body in the established mining district of the
Mesabi Iron Range in northeastern Minnesota. The NorthMet Final
Environmental Impact Statement was published in November 2015,
preparing the way for decisions on permit applications. 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 January 31, 2017, 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 and nine
months ended October 31, 2017.
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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PolyMet Mining Corp.Media:Bruce Richardson, +1
651-389-4111Corporate
Communicationspolymetcommunications@polymetmining.comorInvestor
Relations:Tony Gikas, +1 651-389-4110Investor
Relationsinvestorrelations@polymetmining.com
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