trending Market Intelligence /marketintelligence/en/news-insights/trending/4TqoZFOUQ-w_gAV4bx3xww2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

PolyMet nets all permits for NorthMet project in Minnesota

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Mining Exploration Insights - April 2020

Mining Exploration Insights December


PolyMet nets all permits for NorthMet project in Minnesota

PolyMet Mining Corp. unit Poly Met Mining Inc. completed the permitting process for its NorthMet copper-nickel-precious metals mine and processing plant in Minnesota.

The company secured a federal wetlands permit from the U.S. Army Corps of Engineers to cap off the permitting process where it obtained a total of 18 state and federal permits and approvals.

PolyMet said March 22 that it is now refining the technical details of the project, with planning for final engineering and construction now underway. Project financing is also expected to advance shortly.

The company also said that Glencore PLC subsidiary Glencore AG agreed to extend the maturity date of a US$243 million secured convertible and non-convertible debt, which was originally due March 31.

The extension allows PolyMet to complete a rights offering by June 30 to raise funds to repay the debt. PolyMet also said it agreed to issue additional purchase warrants to Glencore and to make certain amendments to the existing exchange warrants held by Glencore.

The mine is expected to yield about 1.2 billion pounds of copper, 170 million pounds of nickel, 6.2 million pounds of cobalt and 1.6 million ounces of precious metals, including 1.2 million ounces of palladium and 290,000 ounces of platinum, over a 20-year mine life.