- Mike O"Mara
China Limiting Foreign Investment into Mining Assets
The Global Times of China recently posted an article that the Chinese Mining industry will be restricted going forward in terms of receiving investment from foreign companies. Rare earth, radioactive material and tungsten are among the metals that will be restricted going forward. China wants to protect their natural resources and the list could be expanded in the future.
This is a continuing trend and demonstrates the importance of new production from US based mines. The reopening of the Darwin Mine, which is expected to begin production in March of 2022, is key to the revival of the US mining industry. Much of the ore produced at Darwin will help the shortages in the agricultural field in addition to providing critical minerals to US businesses. In addition to vast Silver/Zinc deposits, the Tungsten supply in the Darwin Mines has become increasingly important given this China news.
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