Interesting and DRE have 4 or 5 mining license's ? ready to go...

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TB51

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24/09/24

12:44

Post #: 75811563
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Originally posted by MINEField123: ↑

Australian is a great place to invest in. Some fun facts to add to your conversation.

The approval rate for mines in Australia compared to the United States can vary due to differences in regulatory frameworks, environmental standards, and public opposition in each country.

Here is a general comparison

In Australia, the mining approval process involves both state and federal government oversight.

The Environmental Protection and Biodiversity Conservation Act 1999 (EPBC Act) governs federal approvals, while state governments manage approvals under state-specific legislation.
High Approval Rates.
A study by The Australia Institute (2020) found that 95% of mining projects submitted for federal environmental assessment were approved between 2000 and 2018.
While exact state-level approval rates may vary, the national trend shows a relatively high approval rate for mining projects.

Approval times vary, but most projects get decisions within 12-24 months, though complex projects can take longer.

United States Approval Process
In the U.S., mining approvals depend on both state and federal laws. Federal agencies like the Bureau of Land Management (BLM) and the U.S. Forest Service (USFS) manage approvals on public lands, while state regulations govern private lands.
The National Environmental Policy Act (NEPA) plays a critical role in reviewing potential environmental impacts.- Lower Approval Rates While exact numbers are harder to pin down, mining projects in the U.S. often face more stringent regulatory hurdles, particularly in areas like environmental assessments and public consultations. The approval rate is generally lower compared to Australia, particularly due to more complex and time-consuming reviews, legal challenges, and public opposition.-

Timeframes Mining approvals in the U.S. can take 5 to 10 years or longer, especially for large-scale projects like open-pit mines or those with significant environmental concerns.
Conclusion:- Australia has a higher approval rate for mining projects (around 95%) and a faster process overall.

The U.S. has a lower approval rate, largely due to stricter environmental regulations, legal challenges, and longer review periods.

Straya!

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Interesting and DRE have 4 or 5 mining license's ? ready to go !
Our relationship with the US is and has been very highly respected on the global footprint, Aus is in a great position now and well into the future!
What's happened to our resident economist know it all, very quiet of late?

DRE Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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