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World Mining Frontiers Volume 1 2024
Editorial Editor Alex Summers Sub-editor Chris Grant Production manager Dave Stanford Group art director Henrik Williams Designer Martin Faulkner Head of content Jake Sharp
Commercial Client services executive Ruchita Marwaha
Publication manager Roy Morris
roy.morris@
progressivemediainternational.com Managing director William Crocker
World Mining Frontiers is published biannually by Progressive Media International.
www.nsenergybusiness.com ISSN 2054-4219 © 2024
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s MINExpo 2024 approaches, World Mining Frontiers is thrilled to present an insightful dialogue with Rich Nolan, president of the National Mining Association (NMA), shedding light on the current state of the mining industry in the US. This conversation highlights the dynamic challenges and opportunities facing the sector as it navigates a rapidly evolving landscape marked by increasing demand for essential minerals and a strong push towards sustainable practices. The role of critical minerals like graphite, lithium and cobalt remains pivotal in the advancement of the US’s green energy initiatives. However, Nolan emphasises a broader spectrum of minerals, including copper, silver, rare earth elements and tellurium, that are indispensable for future technological innovations. The US mining industry is not just adapting but is poised to lead, with a growing segment of resource developers working to meet this burgeoning demand responsibly. Nolan reflects on the Biden administration’s approach, noting significant initiatives such as the Inflation Reduction Act and substantial financing through the Department of Energy’s Loan Programs Office. However, he also candidly addresses the shortfall in mine approvals and the need for a more efficient permitting process to genuinely bolster domestic mining capabilities. Reducing import reliance on key minerals remains an area of concern. Despite some positive policy measures, the pace of domestic mining project approvals needs acceleration to meet the country’s strategic goals. Nolan advocates for streamlined permitting processes and greater governmental support to foster a robust and competitive mining industry within the US.
Forging ahead A
UK £67 EU €104 US $135 RoW $136 UK £105 EU €163 US $215 RoW $216
On the global stage, the US faces stiff competition from countries like China, which has long established its minerals strategy. Nolan argues for a shift towards greater domestic sourcing, leveraging the US’s strong environmental, labour and safety protections, and abundant mineral reserves to lead in responsible mining practices. Permitting remains a significant hurdle, with calls for legislative action to set clear timelines and reduce bureaucratic delays. This is crucial for unlocking the potential of numerous mining projects waiting in the wings. The NMA continues to champion responsible and sustainable development through its active environment, social and governance (ESG) task force and working group, promoting best practices and innovation within the industry. The commitment to reducing environmental impacts and ensuring sustainable extraction practices is evident in the industry’s investments in new technologies and processes. As we look ahead to MINExpo 2024, anticipation builds for what promises to be the most comprehensive and engaging event yet. With a refreshed look and an extensive array of exhibits, the expo will showcase the latest advancements and innovations in mining. The event’s new Speakers Series will feature prominent leaders sharing their insights and experiences, underscoring the theme, ‘If It’s Mining, It Lives Here’. World Mining Frontiers extends its warmest welcome to all participants and visitors of MINExpo 2024. We look forward to a groundbreaking event that will shape the future of mining and set new benchmarks for industry excellence.
Alex Summers, editor World Mining Frontiers /
www.nsenergybusiness.com 3
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