[INFOGRAPHIC] U.S. Minerals mining permitting process
One of the biggest ongoing topics in the mining industry is the permitting process. For the U.S., it typically takes between seven and 10 years to secure a mining permit from the government. For major mining countries like Australia and Canada, which are ranked as the best places to invest in minerals mining, permitting timelines consist of only two years.
The slow and outdated process has been a primary reason many investors avoid U.S. minerals mining. Delays in permitting have caused investments dollar attracted by the United States to deteriorate over the past 20 years—falling from 21 percent in 1993 to eight percent today.
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According to Minerals Make Life, the United States needs to support legislation to reduce permitting delays while maintaining strict environmental safeguards that will not only attract investors, but assist the country in benefiting from the jobs, economic growth and security minerals can provide.
The following infographic breaks down the entire process of securing a minerals mining permit in the United States.