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Recently, communities in Nevada, Wyoming and across the United States started turning to minerals mining projects as economic catalysts for creating jobs and battling the lingering effects of the recession.
However, the president’s budget proposal stands in the way of this progress. In it, harsh new taxes are proposed for U.S. mining operations, which would obstruct development of domestic mineral resources, including those critical to advanced energy technologies.
Behre Dolbear, the leading minerals industry advisory firm, released its annual report, “2013 Ranking of Countries for Mining Investment: Where Not to Invest,” and once again the United States ranks last alongside Papua New Guinea as the country with the least efficient permitting system globally, stating:
“Permitting delays are the most significant risk to mining projects in the United States. A few mining friendly states (Nevada, Utah, Kentucky, West Virginia, and Arizona) are an exception to this rule but are negatively impacted by federal rules that they are bound to enforce resulting in a 7- to 10-year waiting period before mine development can begin.”
The Department of Defense (DoD) recently released the Strategic and Critical Materials 2013 Report on Stockpile Requirements. The 189-page report assesses potential risks our nation faces regarding access to strategic and critical non-fuel materials.