this vote should effect rare earths on Wednesday

    Posted by zach06 on 14th of May 2012 at 07:08 pm

      House Natural Resources Committee to Vote on H.R. 4402 Wednesday!

    The United States ranked last, tied with Papua New Guinea, in mine permitting delays.  Duplicative regulations, bureaucratic inefficiency, and lack of coordination between federal agencies are threatening the economic recovery of the U.S. and jeopardizing our national security. Decade-long permitting delays are standing in the way of creating high-paying jobs and producing tax revenue for local communities. This bill would streamline the permitting process to leverage our nation's vast mineral resources, while also paying due respect to economic and environmental concerns.


    Critical and strategic minerals are fundamental components of thousands of products ranging from cell phones, computers, solar panels, wind turbines, building materials and motor vehicles to personal hygiene products and office supplies.  Currently, the United States is almost 100 percent reliant on foreign countries such as China for certain critical and strategic minerals. Similar to the United State's dependence on foreign energy, America's reliance on foreign critical and strategic minerals weakens our national security and sends billions of dollars and high-paying jobs overseas.

    This press release is a

    Posted by James_Roe on 14th of May 2012 at 07:45 pm

    This press release is a bit of a lie, even if we were to relax mining regulations in the US it would have little impact on rare earth metal prices. The reality is that most of these mines exist in South America and Australia, and worse than that the Chinese have been buying up 30 - 50 year mineral rights in these countries for the last decade. If the US wanted to be serious about being competitive in the rare earth metals market we would be financing the purchase of lease agreements in other countries.

    This change in mining law is much more likely to impact coal mining which we as a nation, and as a species should be moving away from anyway, and certainly not making it easier to do.

    And why should we be moving away from Coal Mining?

    Posted by zach06 on 15th of May 2012 at 04:57 am

    Seriously?????

    Posted by RichieD on 15th of May 2012 at 07:33 am

    Take a trip to Shanghai over summer, wait for a 90 degree day with nothing more than a slight breeze, try taking a deep breath and you'll have your answer.  

    tell that to the unemployed in West Virginia

    Posted by zach06 on 15th of May 2012 at 07:46 am

    and tell it to his face...

    Posted by zach06 on 15th of May 2012 at 07:47 am

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