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PolyMet
The PolyMet Mining Corporation (formerly Fleck Resources Ltd) (, ), was an American company focused on mineral exploration and mine development. The company was based in Minnesota, United States with corporate headquarters in Toronto, Canada. It controlled rights to the NorthMet Deposit in the Mesabi Range. In 2011, PolyMet secured a four million dollar loan from the Iron Range Resources and Rehabilitation Board. In November 2023, the company was acquired by Glencore Glencore plc is an Anglo-Swiss Multinational corporation, multinational commodity trading and mining company with headquarters in Baar, Switzerland, Baar, Switzerland. Glencore's oil and gas headquarters are in London, London, England as well a .... See also * PolyMet mine References External links * {{official website, http://www.polymetmining.com/ Companies formerly listed on the Toronto Stock Exchange Companies formerly listed on NYSE American Mining companies of the United States Companies based i ...
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NorthMet Deposit
The NorthMet Deposit is a deposit of minerals located in northeastern Minnesota contained within the geological region known as the Duluth Complex. The minerals contained in the deposit include copper, nickel, platinum, silver, palladium, and titanium. Background The NorthMet Deposit is located at the eastern end of the Mesabi Iron Range in St. Louis County, Minnesota near the cities of Babbitt and Hoyt Lakes.Minnesota Department of Natural Resources, United States Army Corps of Engineers, and United States Forest ServiceNorthMet Mining Project and Land Exchange/ref> Geologists have discovered that the deposit contains copper, nickel, silver, platinum, titanium, and palladium.John Meyers/ref> Geologists estimate that the deposits totals about four billion tons and could be worth of one trillion dollars. The precious metals contained within the deposit are essential for items such as computers, cell phones, and cars. The rights to this deposit can be privately leased and are current ...
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Minnesota
Minnesota ( ) is a U.S. state, state in the Upper Midwestern region of the United States. It is bordered by the Canadian provinces of Manitoba and Ontario to the north and east and by the U.S. states of Wisconsin to the east, Iowa to the south, and North Dakota and South Dakota to the west. It is the List of U.S. states and territories by area, 12th-largest U.S. state in area and the List of U.S. states and territories by population, 22nd-most populous, with about 5.8 million residents. Minnesota is known as the "Land of 10,000 Lakes"; it has 14,420 bodies of fresh water covering at least ten acres each. Roughly a third of the state is Forest cover by state and territory in the United States, forested. Much of the remainder is prairie and farmland. More than 60% of Minnesotans (about 3.71 million) live in the Minneapolis–Saint Paul metropolitan area, known as the "Twin Cities", which is Minnesota's main Politics of Minnesota, political, Economy of Minnesota, economic, and C ...
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United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean. The United States asserts sovereignty over five Territories of the United States, major island territories and United States Minor Outlying Islands, various uninhabited islands in Oceania and the Caribbean. It is a megadiverse country, with the world's List of countries and dependencies by area, third-largest land area and List of countries and dependencies by population, third-largest population, exceeding 340 million. Its three Metropolitan statistical areas by population, largest metropolitan areas are New York metropolitan area, New York, Greater Los Angeles, Los Angel ...
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Toronto
Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a population of 2,794,356 in 2021, it is the List of North American cities by population, fourth-most populous city in North America. The city is the anchor of the Golden Horseshoe, an urban agglomeration of 9,765,188 people (as of 2021) surrounding the western end of Lake Ontario, while the Greater Toronto Area proper had a 2021 population of 6,712,341. As of 2024, the census metropolitan area had an estimated population of 7,106,379. Toronto is an international centre of business, finance, arts, sports, and culture, and is recognized as one of the most multiculturalism, multicultural and cosmopolitanism, cosmopolitan cities in the world. Indigenous peoples in Canada, Indigenous peoples have travelled through and inhabited the Toronto area, ...
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Canada
Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of countries and dependencies by area, second-largest country by total area, with the List of countries by length of coastline, world's longest coastline. Its Canada–United States border, border with the United States is the world's longest international land border. The country is characterized by a wide range of both Temperature in Canada, meteorologic and Geography of Canada, geological regions. With Population of Canada, a population of over 41million people, it has widely varying population densities, with the majority residing in List of the largest population centres in Canada, urban areas and large areas of the country being sparsely populated. Canada's capital is Ottawa and List of census metropolitan areas and agglomerations in Canada, ...
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Mesabi Range
The Mesabi Iron Range is a mining district and mountain range in northeastern Minnesota following an elongate trend containing large deposits of iron ore. It is the largest of four major iron ranges in the region collectively known as the Iron Range of Minnesota. First described in 1866, it is the chief iron ore mining district in the United States. The district is located largely in Itasca County, Minnesota, Itasca and St. Louis County, Minnesota, Saint Louis counties. It has been extensively worked since 1892, and has seen a transition from high-grade direct shipping ores through gravity concentrates to the current industry exclusively producing iron ore (taconite) pellets. Production has been dominantly controlled by vertically integrated steelmakers since 1901, and therefore is dictated largely by US ironmaking capacity and demand. Name The Mesabi Range was known to the local Ojibwe as ('Giant mountain'). Throughout the Mesabi Range, ''Mesaba'' and ''Missabe'' spelling va ...
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Iron Range Resources And Rehabilitation Board
The Minnesota Department of Iron Range Resources and Rehabilitation (IRRRB) is an economic development agency of the State of Minnesota, designed to advance growth on Minnesota's Iron Range. Founded in 1941, the board is tasked with using proceeds from taconite mining to spur broader development in the region. Mining companies pay taxes on production of taconite to local governments units including cities, school districts, and the IRRRB instead of paying property taxes. The board was created with the goal to help the Iron Range weather the boom and bust cycle of mining in the region. The mission of IRRRB is to "invest in resources to foster vibrant growth and economic prosperity in northeastern Minnesota by enhancing livable communities, maximizing collaborations and partnerships and strengthen businesses and worker education. The agency provides vital funding, including low or no interest loans and grants for businesses relocating or expanding in the region. Additionally, a variet ...
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Mesabi Daily News
The ''Mesabi Tribune'' is a daily newspaper published in Virginia, Minnesota. It is one of the oldest surviving businesses in the city. History The newspaper was founded in 1893 as the ''Virginia Enterprise'' and switched names to ''Mesabi Daily News'' in 1945. The very first editor of the paper was named R. McGarry, who was succeeded by D. A. Cuppernoll in 1895. In 2014, Adams Publishing group acquired 34 papers, including the ''Daily News'', from American Consolidated Media. In 2020, the newspaper was combined with the ''Hibbing Daily Tribune The ''Hibbing Daily Tribune'' was a newspaper published from 1893 to 2020 in Hibbing, Saint Louis County, Minnesota. It was owned by the Adams Publishing Group. History The ''Hibbing Daily Tribune'' is a successor to the following newspapers: ...'' to create the ''Mesabi Tribune''. References External links Mesabi Daily News Online
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Glencore
Glencore plc is an Anglo-Swiss Multinational corporation, multinational commodity trading and mining company with headquarters in Baar, Switzerland, Baar, Switzerland. Glencore's oil and gas headquarters are in London, London, England as well as its primary listing being on the London Stock Exchange, and it is one of the largest components of the FTSE 100 Index, FTSE 100 by market capitalization. Its registered office is in Saint Helier, Jersey, a Crown Dependencies, Crown Dependency of the United Kingdom. By some estimates, it is the world's largest commodity trader, and among the world's largest companies. The company was formed in 1994 by a management buyout of Marc Rich + Co AG (itself founded in 1974). The company merged with Xstrata in 2013, increasing its size substantially. Before that, the company was already one of the world's largest integrated producers and marketers of commodities. It was the largest company in Switzerland as well as the world's largest commodities ...
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Companies Formerly Listed On The Toronto Stock Exchange
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ...
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