^^Warren Buffett and Charlie Munger must have penciled it out, Berkshire Hathaway is all over this deal....hope they're successful in their endeavor...
-------------- History is no more than the lies agreed upon by the victors.
^^Open pit copper mines are nasty business...they have to process the rock with chemical and there's polluted water that has to be retained....that stuff will be seeping into the aquifer. Even these nasty pits and tailing piles when it rains where do you think that rain water goes, right through the pile of polluted tailing and into the ground water!
When they abandon these pits they'll fill up with acidic groundwater with high concentrations of hazardous heavy metals!
Rather then having a scenic North Shore we'll have a Super Fund Site..check out Butte, Montana..
There's some large open pit copper mines in Arizona, there are Videos on YouTube of the operation, take a look at the mess, the holding ponds...Nasty
Keep this type of mining in dry arid places not some place that's green and it rains regularly or we'll have a mess!
Don't mess up our drinking water for a Foreign Company's profits....
^^nah, they're going open pit, 700 foot deep hole..take the time to look at Arizona's open pit mines...
QUOTE
PolyMet’s $1 billion NorthMet polymetallic open pit mine in Minnesota
The NorthMet deposit will be mined by open pit methods to a depth of approximately 700 ft below surface. It is also reusing existing infrastructure of the former LTV Steel taconite processing site. It is expected to produce up to 57.7 Mlbs of copper, 8.7 Mlbs of nickel, 311,000 lbs of cobalt, 14,000 oz of platinum, 59,000 oz of palladium, 4,000 oz of gold and 48,000 oz of silver annually over an estimated mine life of 20 years.
This has an aquifer killer smell about it.....IMO
-------------- History is no more than the lies agreed upon by the victors.
^^ Taconite processing is more running the ore through a pulverizer, magnetic separator, etc etc....making taconite pellets... and we taxpayers are still cleaning up their mess...
When you start talking copper, nickle, cobalt, platinum, palladium, gold and silver, you're talking some extremely hazardous processing, tailings and waste water pollution...
Estimated mine life of 20 years, then the taxpayer is left with another Super Fund Site....Polymet isn't even an American Company, you can bet they'll leave their mess and skedaddle...
Remember boys and girls,