Polymet and Teck Resources create a joint venture

Good news on the mining front today as PolyMet Mining and Teck Resources have announced a joint venture that would place their respective Minnesota projects, which contain high-in-demand copper, nickel, cobalt and platinum-group metals under single management, according to Mining Weekly.

PolyMet chairperson, president and CEO Jon Cherry said that Minnesota could emerge as a global leader and major force in developing strategic minerals to feed the North American supply chain:

“The total assets of the NorthMet and Mesaba deposits make this one of the largest clean-energy mineral resources in the US and globally.”

These resources consist of measured and indicated resources of 795-million tons and 1.74-billion tons for NorthMet and Mesaba, respectively, and further inferred resources of 458-million tons and 1.61-billion tons, respectively.”

American Experiment’s research has found that developing our copper-nickel, and titanium resources could create up to 14,850 new jobs in Minnesota. This joint venture is a step in the right direction for facilitating this economically vital industry in our state, and responsibly developing the metals needed around the world.