U.S. Lags in Mine Development; Senate Takes on Permitting Reform
November 08, 2024
S&P Global found that, on average, it takes 29 years for a U....
Montana is home to 8,600 mineral deposits, but less than 1 percent of those are in production. In the early 1990s, 140 exploration projects were active in the state. Today, that number has shrunk to six, a decrease of 96 percent.
With 73 percent of likely voters eager to see more mining in Montana, why is the sector taking a massive hit?
In an op-ed to the Billings Gazette, Mark Lambrecht, executive director of Western Environmental Trade Association, discusses a complex permitting process and shifting state regulations that make miners wary of doing business in Montana—and the greater United States.
Lambrecht raises the need for a coherent national minerals policy that better utilizes the country’s $6.2 trillion worth of key minerals, and reduces our reliance on $5.1 billion (now $6.9 billion) worth of mineral imports
Read the full opinion piece here.