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    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

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    Ethiopia and the World Bank sign financing agreements worth $745 million

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    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Africa must fight ‘strongman’ backslide, billionaire Ibrahim says

    Africa must fight ‘strongman’ backslide, billionaire Ibrahim says

    Trending Tags

  • Business
    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

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    Africa startups defy funding slump as debt financing fuels growth

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Court told Anglo turned blind eye to Zambian lead poisoning

    Court told Anglo turned blind eye to Zambian lead poisoning

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    Ethiopian Airlines set to fly to Atlanta

    Angola: Poor Management of the Petroleum Sector with Effects on Declining Production

    Angola Sonangol plans to list on Angolan stock exchange by 2027

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    Nigeria artists conquer the NFT marketplace in Africa

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    African mobile game publisher Carry1st raises $27M in funding round led by Bitkraft Ventures

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    The global online music streaming market to reach $29 billion by 2027, report

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    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    Yellow Card expands payment feature across Africa

    Yellow Card expands payment feature across Africa

    Government starts payment of $674,5 trillion matured securities

    Government starts payment of $674,5M matured securities

    South African rand steady with investor focus on Fed minutes

    South African rand steady with investor focus on Fed minutes

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

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    Angola banks entry into local Bourse gives credibility to economy

    Businesses in Nigeria are set to face an upset as interest rate goes up

    Businesses in Nigeria are set to face an upset as interest rate goes up

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Ford asks US gov’t to speed up mining permits

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01/09/2022
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Ford asks US gov’t to speed up mining permits

US carmaker Ford Motor is asking the Biden administration to speed up the permitting process for mining projects, particularly those targeting critical metals such as lithium, cobalt, nickel and graphite.

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In a letter to the Department of the Interior on Tuesday, the auto maker said the current “lengthy, costly and inefficient permitting process” makes it difficult for American businesses to invest in the extraction and processing of critical minerals in the country.

Chris Smith, chief of government affairs, noted it takes up to 10 years to complete the current permitting requirements for critical mineral mining in the US. In Canada and Australia, similar processes take two to three years “while maintaining stringent environmental standards,” he wrote, according to Automotive News.

The federal government should limit permitting to a similar timeline in the US and expand implementation of the Defense Production Act to expedite battery mineral projects on federal lands, Smith said.

The company also asked the agency to fund research and mapping of critical mineral deposits in the US, increase transparency in the permitting process and include emissions assessments in permitting evaluations.

The comment was in response to the Interior Department’s request for input as it develops recommendations related to mining laws.

Ford has inked a flurry of supply deals in recent months to accelerate its shift to electric vehicles (EVs).

The agreements include sourcing battery capacity and raw materials from such companies as Chinese battery maker CATL and Rio Tinto.

The company is also working with LG Energy Solution and its long-time battery partner SK Innovation.

Last month, the company said it had secured enough battery supply to build more than half a million EVs annually by late next year, a quantum leap above the 27,140 battery-powered cars it sold in the US last year. The firm has also signed contracts with suppliers representing 60 gigawatt hours of annual battery capacity.

Ford asks US gov’t to speed up mining permits

Source: Mining
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