Mining law in the USA is 150 years old

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.

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