PolyMet Achieves Key Milestone in Environmental Review Process
06 Dezembro 2013 - 2:34PM
Marketwired
PolyMet Achieves Key Milestone in Environmental Review Process
Completed Supplemental Draft Environmental Impact Statement
Demonstrates NorthMet Copper-Nickel Project Can Meet Applicable
Environmental Standards
ST. PAUL, MINNESOTA--(Marketwired - Dec 6, 2013) - PolyMet
Mining Corp. (TSX:POM)(NYSEMKT:PLM) ("PolyMet") is pleased to
report that the NorthMet supplemental draft Environmental Impact
Statement has been completed and posted to the Minnesota Department
of Natural Resources website at
http://www.dnr.state.mn.us/input/environmentalreview/polymet/index.html
"The environmental review process in Minnesota is thorough and
rigorous," said Jon Cherry, president and CEO. "Our team of
scientists and engineers have worked diligently with the regulatory
agencies to improve the project design and complete the analysis
and technical studies needed to demonstrate how we plan to extract
copper, nickel and platinum group metals in a manner that complies
with the law and protects the environment," he said. "This is a
significant milestone in the project's development."
The nearly 2,200-page NorthMet supplemental draft EIS was
prepared by the DNR, the U.S. Army Corps of Engineers and the U.S.
Forest Service, together called the co-lead agencies. In July 2011,
the U.S. Environmental Protection Agency became a cooperating
agency alongside the three Minnesota Chippewa bands (Bois Forte,
Fond du Lac, and Grand Portage). The Minnesota Pollution Control
Agency has also been actively involved in the process, leading into
its role in permitting and environmental compliance.
"We have been thorough and thoughtful in developing the
information and collecting the data to satisfy the co-lead
agencies' needs," Cherry said. "The supplemental draft EIS analyzes
how the project might affect the natural environment, ways to avoid
or minimize the effects, and outlines the controls and mitigation
measures that will be used to protect water, air and other
resources. We are committed to an operating plan that will meet or
exceed regulatory requirements, that will enable us to obtain the
required permits and build and operate a safe and productive
mine."
The supplemental draft EIS will be published in the Minnesota
Environmental Quality Board Monitor Dec. 9, 2013, and the Federal
Register Dec 13, 2013. The public comment period administered by
the co-lead agencies will formally open on Dec. 14, 2013, and
continue through March 13, 2014. Three statewide meetings are
scheduled in January 2014 at which the co-lead agencies will seek
public comment. Meeting details and information on how to
participate can be found on the DNR website.
"We are delighted to reach this important milestone and look
forward to discussing the specific plans that are now publicly
available," Cherry said. "We fully support this process."
Background
PolyMet is seeking permits to construct and operate the NorthMet
Project, which comprises reutilizing the existing but idle Erie
Plant and associated infrastructure, originally built to process
iron ore, and developing a new open pit mine to extract copper,
nickel, and platinum group metals from the NorthMet ore body
located six miles east of the Erie Plant.
The supplemental draft EIS builds on the draft EIS published in
late 2009, describes the NorthMet Project as PolyMet intends to
build it, and informs the public of the likely environmental impact
and mitigation plans. After the public comment period, the co-lead
agencies will review and respond to comments and, if needed, modify
the EIS for publication of the final EIS. The state "Adequacy
Decision" and federal "Record of Decision" form the basis for
issuance of permits.
About PolyMet
PolyMet Mining Corp. (www.polymetmining.com) is a
publicly-traded mine development company that owns 100% of Poly Met
Mining, Inc., a Minnesota corporation that controls 100% of the
NorthMet copper-nickel-precious metals ore body through a long-term
lease and owns 100% of the Erie Plant, a large processing facility
located approximately six miles from the ore body in the
established mining district of the Mesabi Range in northeastern
Minnesota. Poly Met Mining, Inc. has completed its Definitive
Feasibility Study and is seeking environmental and operating
permits to enable it to commence production. The NorthMet project
is expected to require approximately two million hours of
construction labor, creating approximately 360 long-term jobs, a
level of activity that will have a significant multiplier effect in
the local economy.
POLYMET MINING CORP.
Jon Cherry, CEO
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, 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 PolyMet's most recent Annual
Report on Form 20-F for the fiscal year ended January 31, 2013 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 months ended October 31, 2013 for a discussion of some of
the risk factors and other considerations underlying
forward-looking statements.
The TSX has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
MediaBruce RichardsonCorporate Communications+1 (651)
389-4111brichardson@polymetmining.comInvestor RelationsJenny
KnudsonInvestor Relations+1 (651)
389-4110jknudson@polymetmining.comwww.polymetmining.com
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