NewRange owners Teck and PolyMet commit $170m initial works budget copper cobalt PGMs USA criticalminerals mining Minnesota
The development of the NorthMet copper and nickel mine in Minnesota is set to gain further momentum, with the project – on the cards for almost two decades – now under a new joint venture that links the expertise, experience and financial resources of PolyMet, Teck Resources and Glencore.
PolyMet has navigated the NorthMet project through the federal and state environmental review process and federal land exchange – a process that involved considerable public involvement and tribal consultation. The project, located near the community of Hoyt Lakes in north-eastern Minnesota, earned nearly two dozen state and federal permits necessary to build and operate the 32 000 t/d mine and processing facility.
“We are pleased to have a partner like Teck join us in this transformational venture with its strong balance sheet, exceptional record of community involvement and sustainable mining practices, and world-class technical and mining capabilities,” said PolyMet chairperson, president and CEOHe added that the closing of the JV moved NewRange to the forefront of responsible development of US-sourced critical minerals.has been named NewRange general manager.
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