Modern Societies Require Minerals, and Mining

Paul Driessen and Ned Mamula – Re-Blogged Frm WUWT

When OPEC imposed its 1973 embargo, the United States was just over 40% dependent on foreign sources for its oil. But sudden price hikes and shortages severely disrupted families and businesses.

Today the USA relies on foreign sources for 100% of 14 minerals considered to be “critical” for modern technologies and societies, and 50-96% for 19 other “critical” minerals; only two are in the 14-25% dependency range, an updated report from the US Department of the Interior (DOI) cautions.

Congressional bills would end US mining and leave USA dependent on foreign critical materials

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A Declaration of Mineral Independence Against Eco Tyranny

By Paul Driessen & Ann Bridges – Re-Blogged From WUWT

It’s an essential first step in making the USA less dangerously dependent on foreign minerals.

Many of the colonists’ grievances against King George III resonate today, as tyrannical environmentalists continue to block domestic development of minerals that are critical for our businesses, security and living standards. To protect our freedoms, we have updated that revered 1776 statement, to highlight and upend the status quo.

A Declaration of Mineral Independence

of and for the People of the United States of America

from tyrannical environmentalist organizations,

with a goal of full mineral independence by the 250th Anniversary

of America’s first Declaration of Independence, July 4, 2026

WE still hold these truths to be self-evident, that all Men and Women are created equal, and that they are endowed by their Creator and protected by our Constitution with certain unalienable Rights, that among these are Life, Liberty, the Pursuit of Happiness, which require access to the minerals that make modern societies, defense and other technologies, health and living standards possible.

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China’s Security Of Supply

By Rick Mills – Re-Blogged From http://www.Silver-Phoenix500.com

Consider:

  • There is a slowing of production and dwindling of reserves at many of the world’s largest mines.
  • All the oz’s or pounds are never recovered from a mine – they simply becomes too expensive to recover.
  • The pace of new elephant-sized discoveries has decreased in the mining industry.
  • Discoveries are smaller and in less accessible regions.
  • Mineralogy & metallurgy is more complicated making extraction of metals from the mined ore increasingly more complex and expensive.
  • Mining is cyclical which makes mining companies reluctant to spend on exploration and development.
  • A looming skills shortage
  • There is no substitute for many metals except other metals – plastic piping is one exception.
  • Metal markets are small so speculation is a larger factor.
  • There hasn’t been a new technology shift in mining for decades – heap leach and open pit mining come to mind but they are both decades old innovation.
  • Country risk – resource extraction companies, because the number of discoveries was falling and existing deposits were being quickly depleted, have had to diversify away from the traditional geo-politically safe producing countries. The move out of these “safe haven” countries has exposed investors to a lot of additional risk.
  • Lack of recognition for population growth, growing middle class w/disposable incomes and urbanization as on-going demand growth factors.
  • Climate change.

Increasingly we will see falling average grades being mined, mines becoming deeper, more remote and come with increased political risk.

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