Anglo American coal bidders down to three, say sources
The final bidders are down to Yancoal Australia, Stanmore Resources and Peabody Energy.
The American Exploration & Mining Association (AEMA) has made the following statement in response to the Subcommittee on Energy and Mineral Resources Hearing discussing Rep. Raúl Grijalva’s (D-Ariz.) Hardrock Leasing and Reclamation Act of 2019:
The sweeping changes in Rep. Grijalva’s legislation are unnecessary and a disaster in the making for the domestic mining industry and for America.
The fact is, hardrock mining is fundamentally different than oil, gas, and coal because it is much more difficult to find and develop hardrock mineral resources.
This bill ignores these differences and seeks to force-fit royalty and leasing programs for coal, oil, and gas on hardrock mining.
Without question, the Grijalva bill, if enacted, would substantially chill private-sector investment in exploring for and developing minerals on federal land and dramatically increase our already extensive reliance on foreign sources of minerals.
This bill poses a significant threat to our Nation’s economic security and to our defense, technology, manufacturing, infrastructure, and renewable energy sectors, all of which rely on minerals from mining.
The country will suffer as high paying family-wage jobs are exported, and our rural communities will experience disproportionately severe economic hardships.
Editor’s note: The full text of Grijalva’s H.R. 2579 Hardrock Leasing and Reclamation Act of 2019 is available here. The full text of Udall’s Hardrock Mining and Reclamation Act is available here. An explanatory summary of H.R. 2579 is available here.
(This article first appeared in The Northern Miner)
2 Comments
Mike Failla
If there is a more “anti mining” person on this planet than grijalva, i dont know who it is. He really hates miners.
Read what his “bill” encompasses. Disturbing.
hardrockminer
Have this fool watch the videos of children in Africa mining Lithium. That is criminal!