Diamonds North Resources Ltd. - Blog - Changing Attitude Towards Mining in the US

Jul 30, 2012

Changing Attitude Towards Mining in the US

Here is a very timely and relevant article in the associated press which further demonstrates a changing attitude towards the mining industry in the USA. On Thursday July 12, 2012 the Republicans pushed through a mining deregulation bill exempting gold, copper, silver and uranium mining on Federal land from formal environmental reviews.

Will the bill pass? It is anyone's guess. Regardless, we see this as a clear indication that support for mining in the US is growing. We think that over the next decade the USA will re-emerge as a mining frontier. In the short term, several of our projects are on US Federal Land and any show of support and streamlining of regulatory process for responsible mining and exploration activity is very positive.

As costs escalated in Canada's North, we needed to find a prospective less expensive more southern area to explore. We looked at the southern provinces such as British Columbia, Manitoba and Quebec, we considered parts of South America. In the end we targeted the US and more specifically Washington State.

Our move from Canada's North to Washington State was based in part on our view that there is a need for the US to create jobs. Mining provides a significant number of high paying jobs and while we are in a very tough economic time commodities are in demand and their prices remain high. This makes mining a very logical industry for the US government to foster.

(Article from an associated press article released July 12, 2012)

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