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Exclusive: Trump seeks minerals refining on Pentagon bases to boost US output, sources say
March 11, 202512:43 AM GMT+1
https://www.reuters.com/world/us/...us-output-sources-say-2025-03-10/
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However, it would aim to expand the FAST-41 permitting process for mines, building on a step Trump took in his first term, according to the sources.
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The order would also seek to reclassify mine waste on federal land, mimicking a step that Rio Tinto (RIO.AX), Freeport-McMoRan (FCX.N) and others have taken to tap piles of old waste rock at U.S. mines previously thought to be worthless.
Such a reclassification could help produce copper and other minerals cheaper and faster than building new mines.
It was not immediately clear if Trump plans to declare copper as a strategic mineral, which would allow U.S. miners of the widely used metal tap into a 10% production tax credit. Phoenix-based Freeport, the largest U.S. copper miner, told Reuters on Monday it hopes Trump takes that step, which would save it $500 million annually. |
