From Davos: Bureaucratic constraints cost U.S. mining jobs

At the World Economic Forum in Davos, Switzerland, Rio Tinto Chief Executive Tom Albanese yesterday said that a series of bureaucratic obstacles constantly stand in the way of his firm doing business—and creating jobs—in the United States. He cited permitting constraints and the “not in my backyard” movement among reasons for the exporting of U.S. mining jobs.

“I think there is an opportunity for a job revival in the mining sector in the U.S.,” said Albanese, “but we have to tackle the true, deep challenge.”