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https://www.huffingtonpost.com/entr...ed-trump-monument_us_5c54744ce4b00187b550761f
The cash-strapped company announced last year a plan to acquire mineral rights at a copper deposit within the original boundary of Grand Staircase-Escalante.
A Canadian mining company has ditched its plans to extract copper, cobalt and other minerals from approximately 200 acres of land that the Trump administration carved out of the boundary protecting Utah’s Grand Staircase-Escalante National Monument.
Glacier Lake Resources Inc., a Vancouver-based copper and silver mining firm, announced in June that it had entered into an agreement to acquire the Colt Mesa deposit, as HuffPost first reported. The former mine site was part of the federally-protected site and off-limits to mining and other development until late last year when President Donald Trump dismantled a pair of national monuments in southern Utah.
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I don't feel a bit sorry for them.
I'm actually surprised that Trump hasn't already leased the mineral rights to the Colt Mesa deposit to the Chinese. They already have a corner on the market for the strategically important so-called 'rare earth' metals, so why not 'copper, cobalt & other minerals' too?
See https://en.wikipedia.org/wiki/Rare_earth_industry_in_China
The cash-strapped company announced last year a plan to acquire mineral rights at a copper deposit within the original boundary of Grand Staircase-Escalante.
A Canadian mining company has ditched its plans to extract copper, cobalt and other minerals from approximately 200 acres of land that the Trump administration carved out of the boundary protecting Utah’s Grand Staircase-Escalante National Monument.
Glacier Lake Resources Inc., a Vancouver-based copper and silver mining firm, announced in June that it had entered into an agreement to acquire the Colt Mesa deposit, as HuffPost first reported. The former mine site was part of the federally-protected site and off-limits to mining and other development until late last year when President Donald Trump dismantled a pair of national monuments in southern Utah.
======================================================
I don't feel a bit sorry for them.
I'm actually surprised that Trump hasn't already leased the mineral rights to the Colt Mesa deposit to the Chinese. They already have a corner on the market for the strategically important so-called 'rare earth' metals, so why not 'copper, cobalt & other minerals' too?
See https://en.wikipedia.org/wiki/Rare_earth_industry_in_China
