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Mining law in the USA is 150 years old

The mining law dates back to the California gold rush and is currently under review by the U.S.

Hard to believe, but since 1872, the U.S. Mining Law has existed unchanged, regulating hard rock mining on public lands, involving gold, silver, copper, lithium, uranium and almost all critical metals. Under this law, mining companies are allowed to make claims on most public lands. It contains no royalty payment obligations and no environmental, reclamation or financial assurance provisions. Actually, this is an absurdity when one thinks of important aspects today, such as clean energy management or the protection of indigenous peoples, or even taxpayers or future generations.

Mining today is supposed to be responsible and sustainable. So now an update of the mining guidelines is being planned. Responsible mining needs strict environmental, social and labor standards. The Biden-Harris principles serve as the foundation. Updates to mining regulations are to be initiated by the end of 2022. In the area of sustainable mining, efforts are also being made by mining companies. For example, in Chile, 13 major copper mining companies have voluntarily committed to greenhouse gas reduction targets. By 2023, more than 50 percent of the electricity for the Chilean mining industry is to come from renewable energy sources. So things are happening in terms of sustainable mining, also at the individual companies.

For example, Fury Gold Mines – https://www.youtube.com/watch?v=1agUGok4XvA – adheres to the highest safety, governance and business standards. The company is active in excellent gold areas in Canada, Quebec and British Columbia.

Skeena Resources also views environmental, social and indigenous partnerships as key components of a responsible resource sector. Skeena Resources – https://www.youtube.com/watch?v=uqg6V-8gDKI – is reviving the formerly producing Eskay Creek gold-silver mine in British Columbia\-s Golden Triangle.

Current corporate information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -) and Skeena Resources (- https://www.resource-capital.ch/en/companies/skeena-resources-ltd/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

Posted by on 25. February 2022. Filed under Internet. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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