Doug Burgum
๐ค SpeakerAppearances Over Time
Podcast Appearances
Well, I think there was some, you know, our country was a powerful and great miner. And it was when you think back to, you know, even the early 1900s, you think about where we were, you know, what we were doing in gold and silver. And then, you know, through World War II and even up into the 1980s, we were still very strong as a mining country and a mining industry.
Well, I think there was some, you know, our country was a powerful and great miner. And it was when you think back to, you know, even the early 1900s, you think about where we were, you know, what we were doing in gold and silver. And then, you know, through World War II and even up into the 1980s, we were still very strong as a mining country and a mining industry.
And then there were some environmental issues, that environmental awareness. You had some Superfund sites. And it just became one of the focal points of the attack of of hay, then it sort of was all of a sudden all mining was bad as opposed to one operator in one location that maybe wasn't maintained right.
And then there were some environmental issues, that environmental awareness. You had some Superfund sites. And it just became one of the focal points of the attack of of hay, then it sort of was all of a sudden all mining was bad as opposed to one operator in one location that maybe wasn't maintained right.
And so then I think whether it was young people choosing careers or whether it was press, whatever, but then the regulatory environment piled on in a heavy way to the point that it's just amazing. One of the Resolution Copper, we're just in the process now of issuing them a permit. It's taken about three months here in the Trump administration. They started this process over 29 years ago.
And so then I think whether it was young people choosing careers or whether it was press, whatever, but then the regulatory environment piled on in a heavy way to the point that it's just amazing. One of the Resolution Copper, we're just in the process now of issuing them a permit. It's taken about three months here in the Trump administration. They started this process over 29 years ago.
I mean, this has gone three decade long saga to open up a copper mine. And guess what? We need copper more than we've ever needed before. I mean, it's part of every electric motor. It's a part of all of the advanced stuff that we're building. And so, I mean, it's thrilling that we're gonna open a copper mine in America.
I mean, this has gone three decade long saga to open up a copper mine. And guess what? We need copper more than we've ever needed before. I mean, it's part of every electric motor. It's a part of all of the advanced stuff that we're building. And so, I mean, it's thrilling that we're gonna open a copper mine in America.
And then some of the mines that have barely hung on, but are still going, whether it's gold or silver or others, uranium in some cases, Along with that mining process, there are critical minerals that are adjacent. I mean, we can add a critical minerals refining because it's not just that we aren't mining those raw materials. China has got the corner on the refining, not just mine to refine.
And then some of the mines that have barely hung on, but are still going, whether it's gold or silver or others, uranium in some cases, Along with that mining process, there are critical minerals that are adjacent. I mean, we can add a critical minerals refining because it's not just that we aren't mining those raw materials. China has got the corner on the refining, not just mine to refine.
So when they're in the Congo in Africa, pulling out those research rich minerals, they're bringing those back to China. We've got examples of companies in America that were mining in America, but there was no process. They were sending that to China and China was doing the refining.
So when they're in the Congo in Africa, pulling out those research rich minerals, they're bringing those back to China. We've got examples of companies in America that were mining in America, but there was no process. They were sending that to China and China was doing the refining.
Well, now we're literally in a war around these critical minerals, which we need for defense, and we don't have a stockpile. So part of what we're concerned with right now and said, how do we get capital flowing back to mining? How do we start building stockpiles in America the way we have the Strategic Petroleum Reserve across the top 20 most important critical minerals?
Well, now we're literally in a war around these critical minerals, which we need for defense, and we don't have a stockpile. So part of what we're concerned with right now and said, how do we get capital flowing back to mining? How do we start building stockpiles in America the way we have the Strategic Petroleum Reserve across the top 20 most important critical minerals?
And then how do we de-risk it if someone's going to get into mining? And do we need like a sovereign risk insurance but not because you're working overseas, because you're working here, because the next administration may use an EO to wipe out your mind.
And then how do we de-risk it if someone's going to get into mining? And do we need like a sovereign risk insurance but not because you're working overseas, because you're working here, because the next administration may use an EO to wipe out your mind.
And so, again, giving the capital providers the confidence that if somehow they're regulated out of business, they'll get compensated through an insurance program.
And so, again, giving the capital providers the confidence that if somehow they're regulated out of business, they'll get compensated through an insurance program.
Well, Lee Zeldin, our EPA administrator, is also a key part of the Energy Dominance Council, as is about half of the cabinet. I mean, we've got Howard Lutnick, Scott Besant, Brooke Rollins, you know, from AG with U.S. Forest Service. There's literally about half the cabinet. Transportation, Sean Duffy's on there.
Well, Lee Zeldin, our EPA administrator, is also a key part of the Energy Dominance Council, as is about half of the cabinet. I mean, we've got Howard Lutnick, Scott Besant, Brooke Rollins, you know, from AG with U.S. Forest Service. There's literally about half the cabinet. Transportation, Sean Duffy's on there.