The National Defense Authorization Act Could be a Good Thing for American Mining Companies

June 6, 2018 Karli Langner

The National Mining Associationissued a press release praising the U.S. House of Representatives for passing an amendment to the National Defense Authorization Act.

Rep. Mark Amodei proposed an amendment that recognizes that the defense supply chain begins with ready access to the minerals and metals we have right here at home.The metals and minerals on which U.S. weapons platforms typically depend are all too often sourced from foreign suppliers – a vulnerability that America's adversaries could exploit in time of conflict.

Today, less than half of the mineral needs of U.S. manufacturing are met from domestically-mined minerals, and we are 100 percent import-dependent for 20 key minerals, many of which are critical to several national defense applications. Mine permitting delays that can last up to a decade keep these valuable resources locked underground. 

This amendment will help minimize permitting delays, introduce formal review timelines and schedules for completing the permitting process, and track progress against those goals while maintaining environmental safeguards. It will provide a level of certainty that is required to ensure our military has the materials it needs when it needs them.

Check out this article from Investor’s Business Daily for more insight on the National Defense Authorization Act.

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