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In US it takes rather 7-10 years to go through permitting process for a copper or lithium mine. Then you start building. For Rio Tinto in Arizona it was 26 yea
by chewz 4y ago
In US it takes rather 7-10 years to go through permitting process for a copper or lithium mine. Then you start building.
For Rio Tinto in Arizona it was 26 years. [1]
[1] https://www.mining.com/web/timeline-rio-tintos-26-year-struggle-to-launch-arizonas-resolution-copper-project/ https://www.mining.com/web/timeline-rio-tintos-26-year-strug...
Windfall profits will be mega-huge when green revolutions starts rolling.
Push to shorten US mine permit review process gains steam [2]
[2] https://www.mining.com/web/push-to-shorten-us-mine-permit-review-process-gains-steam/ https://www.mining.com/web/push-to-shorten-us-mine-permit-re...
- Incipient 4y agoWhile shorting permit times is good, due diligence still has to be done. However a large project like a mine is still in the 5-10 year range, outside of permits. No new developments will have a material impact on supply if the EU etc are going for no combination vehicles by 2030.