As you likely know, a critical part of our project is a proposed land exchange with the U.S. Forest Service.
On January 9, 2017, the Forest Service authorized this land exchange in a Final Record of Decision, determining that the land exchange is in the public interest and that the transaction should proceed. Here are a few important details about this major milestone for our project:
What this means
- The U.S. Forest Service will receive 6,690 acres of private land from PolyMet. These four parcels of land, located within the Superior National Forest, will be managed for recreation, research and conservation.
- PolyMet will receive approximately 6,650 acres of federal land located in an established mining district. This land is around and over mineral rights already controlled by PolyMet, and is located where we will develop the mine.
What else this means
In the Final Record of Decision, the Forest Service cites several benefits to the public, including:
- More federal wetlands
- More public water frontage available for public and tribal use
- Improved management effectiveness by exchanging lands that have no public overland access with lands that do have access
- Federal cost savings by eliminating two easements
This land exchange authorization moves us a big step closer to creating good jobs by building and operating the NorthMet copper-nickel-precious metals mine.