Immediate Measures To Increase American Mineral Production
1. Purpose
The order aims to boost domestic mineral production to strengthen national security, create jobs, and reduce dependency on foreign minerals.
2. Key Actions And Directives
- Compile Project Lists: Agencies must provide a list of all mineral production projects with pending plans or applications to the Chair of the NEDC and identify priority projects within 10 days.
- Coordinate Project Reviews: The Chair of the NEDC will coordinate with agencies to facilitate the expedited review and approval of identified priority mineral production projects.
- Recommendations on Mining Act: Prepare and submit recommendations regarding the treatment of waste rock, tailings, and mine waste disposal under the Mining Act of 1872 to the President within 30 days.
- Identify Mineral-Rich Lands: The Secretary of the Interior must identify federal lands with known mineral deposits and prioritize them for production within 10 days.
- Leases for Private Production: The Secretary of Defense will enter into leases with private entities to facilitate commercial mineral production on federal lands.
- Support for Mineral Production Fund: The CEO of the U.S. International Development Finance Corporation must support domestic mineral production and may create a dedicated fund for this purpose.
- Release Financing Guidance: The President of the Export-Import Bank must issue recommended program guidance on mineral financing tools within 30 days.
3. Important Points
- Strengthened National Security: The order aims to reduce reliance on foreign minerals, enhancing the country's strategic resources.
- Job Creation: Increased domestic mineral production is anticipated to lead to job creation in the mining and processing sectors.
- Clarification of Mining Regulations: The recommendations regarding the Mining Act of 1872 could lead to clearer regulations affecting the mining industry.
- Private Sector Engagement: Involvement of the private sector through leases indicates a collaborative approach to enhance mineral production efforts.
- Implementation Limitations: The order clarifies that it does not create enforceable rights against the government, focusing on internal agency coordination.
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