Investing.com investing.com 08 Jan, 2021 11:45 am

Trump moves to loosen mining regulations, approve projects as he exits By Reuters

Trump moves to loosen mining regulations, approve projects as he exits By Reuters
Trump moves to loosen mining regulations, approve projects as he exits

President Donald Trump's administration is moving to loosen mining regulations and green light new mineral projects before leaving office this month, with successor Joe Biden unable to reverse some of the changes."The Trump Administration's midnight dance to aggressively push these proposed rules follows four years of gutting already weak community and environmental oversight of the hard rock mining industry," said Lauren Pagel of Earthworks, an environmental advocacy group.Trump administration officials are finalizing a rule change that would add mining to a list of industries that can receive fast-tracked permitting, part of a law signed by former President Barack Obama in 2015, according to government records https://beta.The Biden transition team said its incoming administration "will begin to take swift and bold action across the federal government to roll back harmful Trump Administration policies, including those impacting climate and environmental policies, on January 20 to halt or delay Trump's damaging midnight regulations.

15 that will expand miners' access to federal lands, give final approval to Lithium Americas (NYSE: LAC ) Corp's Nevada lithium mine and approve a land swap for a Rio Tinto (NYSE: RIO ) Ltd Arizona copper mining project, among other steps.One of those, the Lithium Americas Thacker Pass project in Nevada, is expected to be approved on Jan.

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