PolyMet Mining and Teck Resources finalized a joint venture Wednesday to complete the copper-nickel mine that PolyMet has been developing in northeastern Minnesota, and the partnership hopes to eventually build a separate mine next door in an even larger ore body that Teck controls.
The long-planned PolyMet mine near Babbitt will now be known as NewRange Copper Nickel, the name of the 50-50 joint venture. Combined, the joint venture's mineral resources are more than quadruple the size of what PolyMet had on its own.
