A Ramsey County District Court judge today found that the Minnesota Pollution Control Agency (MPCA) did not engage in any procedural irregularities in connection with the processing of the National Pollutant Discharge Elimination System (NPDES) permit for the NorthMet copper-nickel-precious metals project, according to Poly Met Mining, Inc., a wholly owned subsidiary of PolyMet Mining Corp. (together "PolyMet” or the "company”) TSX: POM; NYSE American: PLM.
In his decision, Judge John H. Guthmann rejected the allegations that MPCA engaged in a systematic effort to keep evidence out of the administrative record. Those allegations had been made by the relators Fond du Lac Band of Lake Superior Chippewa, WaterLegacy, Minnesota Center for Environmental Advocacy, Center for Biological Diversity and Friends of the Boundary Waters Wilderness. Judge Guthmann made his findings after presiding over a seven-day hearing in St. Paul in January and extensive briefing from the parties.
Judge Guthmann found no evidence that the MPCA attempted to suppress EPA comments. Indeed, the court observed that the process for PolyMet’s permit involved "significantly more interaction between the EPA and the MPCA than with the usual NPDES permit.” The court determined that "[a]t no time did the MPCA try to discourage or prevent the EPA from submitting written comments on either the pre-proposed permit or the final permit.” The court found that MPCA’s effort to reach an agreement with EPA to delay making written comments on a draft NorthMet NPDES permit until sometime after the public notice period did not constitute a procedural irregularity. The court concluded that the MPCA exceeded the requirements of the Memorandum of Agreement between EPA and MPCA.
The district court’s conclusion that no procedural irregularities occurred in the processing of PolyMet’s permit will be incorporated into the broader challenge to that permit currently pending before the court of appeals. In that case, environmental groups and the Fond du Lac Band have challenged the MPCA’s decision to issue the permit and its denial of a contested-case hearing. The court of appeals will decide the schedule for briefing and oral argument.
"We are pleased with the district court’s ruling and look forward to defending the challenge to the water permit currently pending in the court of appeals,” said Jon Cherry, chairman, president and CEO. "We remain confident the water quality permit meets all applicable standards and will ultimately be upheld by the courts.”
The district court decision comes on the heels of the Minnesota Supreme Court this spring granting the company’s and regulators’ petitions to review court of appeals’ rulings on its Permit to Mine, dam safety and air quality permits. The Minnesota Supreme Court recently scheduled oral argument in the Permit to Mine appeal for October 13, 2020.
PolyMet is a mine development company that owns 100% of the NorthMet Project, the first large-scale project to be permitted within the Duluth Complex in northeastern Minnesota, one of the world’s major, undeveloped mining regions. NorthMet has significant proven and probable reserves of copper, nickel and palladium – metals vital to global carbon reduction efforts – in addition to marketable reserves of cobalt, platinum and gold. When operational, NorthMet will become one of the leading producers of nickel, palladium and cobalt in the U.S., providing a much needed, responsibly mined source of these critical and essential metals.
Located in the Mesabi Iron Range, the project will provide economic diversity while leveraging the region’s established supplier network and skilled workforce, and generate a level of activity that will have a significant effect in the local economy. For more information: www.polymetmining.com.
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, 2019, 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200903005881/en/
New York, July 24, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Europe Electrical Protective Equipment Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Products ; End-user, and Country" - https://www.reportlinker.com/p05934803/?utm_source=GNWThe power generation industry worldwide is witnessing huge growth; also, various construction and electrical projects are in the pipeline in most of the Southeast Asian countries. All these factors are anticipated to fuel the demand for electrical protective equipment in the coming years. Moreover, the growth of the global electric vehicle industry and the growing demand for electric vehicles are also encouraging manufacturers to set up new production plants, which would create new manufacturing jobs; thus, fueling electrical protective equipment market growth.Growth in power transmission projects across the globe will require electricians to wear electrical protection equipment at work locations. Furthermore, increase in electrical infrastructure projects worldwide is driving the use of electrical protective equipment among diversified industries..The overall Europe electrical protective equipment market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.The process also serves the purpose of obtaining overview and forecast for the Electrical protective equipment market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.The participants who typically take part in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe Electrical protective equipment market. An sell Limited, MSA Safety Incorporated, Delta Plus Group, Alpha Pro Tech Ltd, Honeywell International Inc, 3M, are among the key players serving the electrical protective equipment market in Asia-Pacific.Read the full report: https://www.reportlinker.com/p05934803/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________
Bitcoin (BTC) price is recovering ground after dropping to low $30,000s as the price action consolidates near the highs. Fundamental analysis: Options market yielding bullish signals The crypto options market suggests there is a chance that BTC exceeds $50,000 by the end of January. A week ago, the world’s top cryptocurrency has plummeted $40,000 to $30,305 as a result of a sharp sell-off in the spot market, particularly on the Coinbase exchange. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. It appears that investors have been betting on the ongoing rally in the options market and are assigning a 20% chance that Bitcoin could surge more than $50,000 by the end of the month. Such a price rise would be impressive, even for Bitcoin standards, as there are only two weeks left until the end of the month and the cryptocurrency is about 25% short from the $50,000 mark. However, it is not ruled out as Bitcoin price has already made bigger leaps in the past. For example, the cryptocurrency has surged 52% from $19,000 to $29,000 in the last two weeks of December 2020. Furthermore, U.S. president-elect Joe Biden is set to announce a $2 trillion aid package on Thursday, which is expected to reinforce Bitcoin’s bullish case in the long term. Technical analysis: Consolidation pattern Bitcoin price is now consolidating within a symmetrical triangle and it represents a period of consolidation before a breakout/down takes place. Given that we are in an uptrend, the chances of a breakout are higher. In this case, the measured target for Bitcoin investors is the $50,000 mark. Bitcoin (BTC) daily chart (Trading View) Furthermore, the 161.8% Fibonacci extension line of the most recent correction lower also comes in the region of $50,000. In this case, these areas tend to act as a magnet as they attract the price action towards a zone of interest. Summary Bitcoin price is showing signs of sharper recovery as option market investors have assigned a 20% probability that the cryptocurrency could break above $50,000 by the end of the month. On the technical side, Bitcoin is consolidating within a symmetrical triangle with a breakout upside potentially targeting $50,000.