Yerington, Nevada And The Importance Of Jurisdiction
While many jurisdictions claim to be "mining friendly," Nevada could actually take the cake as one of the most favorable places for miners to be. Here's a look at copper mining in the district of Yerington, Nevada.
It goes without saying that Nevada is a hotbed for mineral exploration and extraction. The Silver State, as it is known, is home to a number of gold projects, hosts plenty of silver miners and has the potential to become an important district for copper mining as well. While many jurisdictions claim to be "mining friendly," Nevada could actually take the cake as one of the most favorable places for miners to be. Beyond just being politically stable, Nevada offers a wealth of other benefits. Resource nationalism, permitting issues Many variables are at play with mining in any jurisdiction. While some jurisdictions are touted as mining friendly, there are other factors that can derail even the best of projects. For example, issues surrounding Northern Dynasty Minerals' (TSX:NDM) Pebble project in Alaska show how sometimes a jurisdiction that's usually pro-mining can be no match for government rulings and a lack of popular support. In the case of Northern Dynasty, the US Environmental Protection Agency sidelined the project over concerns about how the mine would affect the world's largest sockeye salmon fishery, located nearby. Beyond regulators blowing the whistle on projects, companies can also find themselves in countries where governments belatedly realize the financial worth of the projects within their borders. In such cases, governments will sometimes opt to restrict the extraction of minerals to state-owned operations, or in some cases, such as with Indonesia, impose export bans on raw materials in the belief that the country will reap additional financial and labor benefits related to the materials being extracted. Other issues that can impede mining projects include geopolitical tension, which, in some cases cannot be foreseen. Most recently, protests in the capital of Western Africa's Burkina Faso have called into question the stability of the mining projects in surrounding areas. While companies have tried to reassure investors that their projects are far from harm, investors remain apprehensive about the situation.