Why is now an ideal time for Minnesota’s first copper-nickel mine? Let us count the reasons.
Minnesotans need good jobs.
First, we’ll need skilled workers for two million construction hours of work to build the project. Then, we’ll need about 360 people to fill a wide range of technical, administrative and operational positions – long-term jobs with wages, health care and other benefits that support families.
These are the kind of jobs that a recent Mining Minnesota jobs and economic impact report identified as being major building blocks of a strong local economy. Consider this:
– Hundreds of millions of dollars earned through mining-related jobs are funneled into the local economy each year and generate $183 million in annual local, state and federal tax revenues.
– The 5,140 high-paying jobs found today in the mining sector support a significant number of jobs in tourism and recreation.
Without mining, we’d lose more than 500 tourism jobs in food service, travel accommodations, arts and sports, amusement and recreation. See the full report.
Plus, we anticipate our project will create more than 600 related jobs, most in northeastern Minnesota.
Our Iron Range needs a boost.
History proves that when the Iron Range thrives, it strengthens our entire state. The PolyMet project will bring much-needed investment to help revitalize northeastern Minnesota communities and produce a statewide, long-term economic boost.
Under the 20-year operating permits the company has applied for (and that are in various stages of review by the state) the project will create an estimated:
- $10.3 billion in economic benefit to St. Louis County alone (where the project is located), which amounts to about $1.4 million a day.
- $300 million in new local and state tax revenues ($15 million annually), providing funds for every school district in Minnesota
- $900 million in new federal tax revenues ($45 million annually)
Consider this: the Super Bowl creates an estimated $550 million in economic impact to a host city like Minneapolis. The PolyMet project will generate that amount every year for at least 20 years.
We all rely on the metals that we can produce.
We will produce copper, nickel, cobalt, platinum, palladium and gold. Our modern society is reliant on these metals for:
- Infrastructure such as copper piping and wiring and a growing array of electronic products including mobile phones, computers and GPS units
- Medical devices, diabetes test strips and other healthcare items. In fact, copper’s antimicrobial properties make it essential in healthcare
- Wind turbines, hybrid and electric cars, pollution-scrubbing catalytic converters and other green technologies
Modern mining practices protect the environment.
Our project plans include the latest technologies, systems and practices designed to protect the environment and human health. After all, we live here, too. For instance, we will:
- Use advanced water collection and treatment systems so our discharge water complies with regulations and is and swimmable and fishable.
- Revitalize and reuse the former LTV Steel plant, equipment, roads and other assets.
- Leave the plant site cleaner than it is today by addressing legacy water issues from former iron ore mining operations.
- Restore and protect more wetlands than we disturb.
- Incorporate mine closure and reclamation plans and bankruptcy-proof financial guarantees before operations begin. These are outlined in our Permit to Mine application and conform with Minnesota laws.
The PolyMet project will provide jobs and economic vitality to Minnesota, produce much-needed metals, and protect human health and the air, water, land and wildlife that we all cherish.