Teck and PolyMet to develop copper-nickel mine with joint venture

On July 20, Canada's PolyMet Mining Company and Teck Resources (Teck Resources) announced that they would form a joint venture to develop a copper-nickel project in the U.S. state of Minnesota, aiming to produce metals used in the manufacture of electric vehicles and other green technologies. Both projects are located in the Iron Ridge region of Minnesota, which has a long history of mining taconite for steel production.

"This partnership just seemed like a natural fit," PolyMet Chief Executive Jon Cherry said in an interview. "It's a great opportunity for northern Minnesota to really become the central point of production for electric vehicle battery metals."

Teck Resources  is Canada’s largest diversified resource company, committed to responsible mining and mineral development. We produce materials essential to the quality of life of people around the world – copper, steelmaking coal, zinc, molybdenum and specialty metals producers, oil sands development also brought a lot of benefits to the company.

Headquartered in Vancouver, Canada, we own, or have an interest in, 13 mines in Canada, the United States, Chile and Peru. We have expertise across a wide range of activities related to mining and minerals processing including exploration, development, smelting, refining, safety, environmental protection, product stewardship, recycling and research. We are actively exploring for copper, zinc and gold in the Americas, Asia Pacific, Europe and Africa.