Wednesday, November 05, 2008

Analysis: "Mining's future looks good in an Obama administration"

One of the lead stories on today says U.S. miners may have a pro-mining president in Barack Obama but they are less sure about the new Congress.

They note that Obama is from a major coal state, is a long-time supporter of federal funding of clean coal technology, and in September announced his agenda to “invest in advanced coal-based technologies, create more jobs in the coal sector and enhance mine safety."

Also, “The Associated Press reported late last year that Obama opposes the Hardrock Mining and Reclamation Act of 2007 on the ground that it places a significant burden on the mining industry and also would have an adverse impact on jobs.”

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