PolyMet has had Swiss-based Glencore as a financial partner for some time, so this wasn’t really big news. Duluth Metals received a $30 million loan from CEF Holdings Limited, which is owned 50% by Cheung Kong Limited and 50% by the Canadian Imperial Bank of Commerce.
That being said, we’re a bit puzzled why the anti-mining crowd is opposed to foreign investment. Maybe they don’t realize our country was built on it. And without foreign investment, our country would be bankrupt.
Over 40 percent of the U.S. government’s debt is owned by foreign countries. China is at the top of a list that includes Japan, the United Kingdom, Brazil, Taiwan and Hong Kong.