Referenced Stocks

PolyMet Mining Surges 6% on Completion of Key Mining Initiatives

By Midnight Trader,  November 19, 2012, 11:04:54 AM EDT

PolyMet Mining Corp. ( PLM ) is up 5.7% after announcing that it has completed key milestones in the environmental review of its 100%-owned copper-nickel-precious metals project located in the established mining district of the Mesabi Iron Range in northeastern Minnesota.

PLM has completed engineering control designs as well as the design of and inputs to groundwater, surface water and air dispersion models to assess potential environmental impacts from the NorthMet Project. The company has delivered these results to the state regulatory agencies and their EIS Contractor for review, with results expected in early 2013.

The results will be incorporated into the supplemental draft EIS which will then be reviewed by the federal Lead Agencies, the US Environmental Protection Agency ("EPA") and other governmental and cooperating agencies prior to publication for public review.

PLM in a 52-week range of $0.67 - $1.52. Shares have in fallen 17% the last 12 months.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: PLM



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