China is planning to restrict exports of a key mineral needed to make weapons while a U.S. company that could be reducing America’s reliance on foreign suppliers is languishing in red tape, energy experts told the Daily Caller News Foundation.
The Chinese government announced on August 15 that it will restrict exports of antimony, a critical mineral that dominates the production of weapons globally and is essential for producing equipment like munitions, night vision goggles and bullets that are essential to national security, according to the Center for Strategic and International Studies (CSIS). Perpetua Resources, an American mining company, has been navigating red tape for years to develop a mine in Valley County, Idaho, that could decrease reliance on the Chinese supply of antimony, but the slow permitting process is getting in the way, energy experts told the DCNF.
It can take years to secure all the necessary approvals and permits to develop a mine like the one Perpetua Resources is trying to operate. One of the key permitting laws in place is the National Environmental Policy Act (NEPA), which also applies to federal land management actions and the construction of certain public infrastructure projects like highways.
“After six years of planning and early engagement, we began the [NEPA] permitting process in 2016. We are now eight years into NEPA,” a Perpetua Resources spokesperson told the DCNF. The company is hoping to extract antimony from the largest known deposit in the U.S., and Perpetua Resources’ development could also produce millions of ounces of gold as well.
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— Read More: dailycaller.com
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