For a Minnesota Mine, It's Jobs vs. the Environment

Plans for a mine in the Iron Range pit jobs against the environment
Photograph by Derek Mongomery

PolyMet Mining seems an unlikely candidate to launch North America’s next mineral boom. In its 33 years of existence, it hasn’t mined a single ounce of marketable ore. The company has posted zero revenue in those three decades, while piling up almost $100 million in losses. And its main physical asset is an abandoned factory filled with idled rock-crushing equipment on a desolate ridge in northeastern Minnesota.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.