While this video was originally published on 21 July 2015, and is directed at American mining policy, the Ontario government would do well to reflect on its permitting processes that needlessly delays mining projects.
The recent Ontario Auditor General’s report on many, many problems at the Ministry of Northern Development and Mines and the extraordinary delays in getting infrastructure built into the mineral-rich Ring of Fire directly impact the Province’s ability to attract international mineral investment. – Stan Sudol (RepublicOfMining.com)
Demand for the minerals needed to supply the defence, advanced energy, high-tech electronics, medical and transportation industries is rising globally, particularly in the U.S. However, Mark Fellows, director of consulting at SNL Metals & Mining, explains that of all the developed nations, the U.S. is afflicted most severely by protracted delays in obtaining mining permits, impairing and discouraging investments in mineral development projects.
These delays cause manufacturers to become overly reliant on minerals imports, despite a wealth of resources in the U.S. Lawmakers must implement policies that guarantee manufacturers access to the raw materials needed to succeed. Watch to learn more.