Resolute Mining says it will pay Mali $160 million in tax dispute
The company’s shares in Sydney were suspended on Thursday, after tumbling 40% since news of the detention of CEO Terry Holohan.
Alaska Governor Mike Dunleavy called on President Joe Biden on Wednesday to update and streamline the US mine permitting process in order to boost domestic production of critical minerals and reduce dependence on foreign nations.
The push echoes calls from the mining industry for clarity on how permits can be obtained for mines that produce copper, lithium and other energy transition minerals. Executives have long complained the US process can be complex, expensive and opaque due in part to a federal mining law enacted in 1872.
“Our message to the Biden administration is, ‘Do everything you can to do everything here in America. Get your permitting processes streamlined,'” Dunleavy told Reuters on the sidelines of the CERAWeek energy conference in Houston.
It is “somewhat nonsensical,” the governor said, that Biden has pushed for greater adoption of electric vehicles – which require far more critical minerals to build than internal combustion engines – but has blocked Northern Dynasty’s Pebble copper and gold mining project.
“If we don’t get our permitting processes together, if we don’t start to use data and science again instead of emotion, this chaos is going to continue,” he said.
Dunleavy sued Biden last week for the president’s 2023 decision to block Pebble. The suit seeks more than $700 billion, an amount that the governor says the state will lose in economic development without the mine. Dunleavy tried unsuccessfully last year to have the US Supreme Court overturn Biden.
Vancouver-based Northern Dynasty itself sued Biden on Monday.
The proposed Pebble mine would have “unacceptable and adverse effects on certain salmon fishery areas” in Alaska’s Bristol Bay, the US Environmental Protection Agency said last year.
Dunleavy said he believes the mine and the state’s salmon fishers can co-exist.
“The science is there to be able to develop the mine responsibly,” he said. “We can put the safeguards in, and that’s why I’m a supporter.”
Lisa Murkowski and Dan Sullivan, Alaska’s two Republican US Senators, oppose Pebble, which Dunleavy acknowledged is a hindrance.
“However, my job as the governor is to advocate for our state, advocate for the development of our state lands or minerals, and advocate for the prosperity of our people,” he said.
Dunleavy, who has endorsed his fellow Republican Donald Trump against Democrat Biden in the 2024 US presidential election, is also pushing Biden to approve the construction of an access road to the prospective Ambler mining district in northern Alaska.
The Ambler project seeks to open a remote area rich in copper, zinc and lead and could yield deposits of rare earths used in weapons manufacturing. Trilogy Metals is one of the region’s potential developers.
“I hope it’s approved this year. But if it’s a post-election decision and there’s a new administration, I hope it’s approved immediately,” Dunleavy said.
(By Ernest Scheyder; Editing by David Gregorio)
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