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Home > State Predicts PolyMet Would Need $1B To Cover Risks From Copper Mine

State Predicts PolyMet Would Need $1B To Cover Risks From Copper Mine [1]

"Half would go for long-term water treatment after copper-nickel mine closes."

"PolyMet Mining Corp. would have to put up roughly $1 billion dollars halfway through the life of its proposed copper-nickel mine in northern Minnesota to protect state taxpayers from environmental risks — with more than half the funds dedicated to a trust fund for water treatment that would be required long after the mine has closed.

The estimate by state regulators, obtained by the Star Tribune through a data practices request, for the first time puts a dollar amount on the significant risks to water, air and wildlife that come with a new kind of mining for Minnesota.

The peak-mining cost estimate is three times higher than what PolyMet first proposed a year ago, and approximates what outside engineering experts have recommended because of the scale and severity of potential water contamination from hard-rock mining."

Josephine Marcotty report for the Minneapolis Star Tribune December 20, 2017. [2]

Laws & Regulations [3]
Pollution [4]
Great Lakes (IL IN MI MN OH WI) [5]
Public [6]
Source: Minneapolis Star Tribune [2], 12/20/2017
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Source URL:https://www.sej.org/headlines/state-predicts-polymet-would-need-1b-cover-risks-copper-mine

Links
[1] https://www.sej.org/headlines/state-predicts-polymet-would-need-1b-cover-risks-copper-mine [2] http://www.startribune.com/state-predicts-polymet-would-need-1b-to-cover-risks-from-copper-nickel-mine/465327373/ [3] https://www.sej.org/category/topics-beat/laws [4] https://www.sej.org/category/topics-beat/pollution [5] https://www.sej.org/category/region/national/great-lakes [6] https://www.sej.org/taxonomy/term/81