Ramaco Resources, Inc. is developing Wyoming's first new coal mine in decades, aiming to extract rare earth metals vital for technology and defense. Energy Secretary Chris Wright and state officials highlighted the project's potential to reduce dependence on China. The federal government is enhancing support for coal projects while reversing previous policies favoring renewable energy. Recent legislation has lowered royalty payments for public land coal mining and set plans in motion for significant mining expansions. The initiative seeks to leverage coal-producing regions in Wyoming and nearby areas to boost mineral extraction efforts.
Energy Secretary Chris Wright emphasized the significance of extracting rare earth elements from coal to reduce reliance on China for crucial tech and military products.
The project at Ramaco Resources, Inc.'s Brook Mine represents a shift in fossil fuel initiatives, aiming to extract both coal and valuable rare earth metals.
Wyoming Governor Mark Gordon supports the initiative as part of broader federal efforts to advance coal production and mining, contrasting with previous renewable energy focuses.
Recent moves include signing legislation to reduce royalty payments for coal mining, indicating a push toward increased fossil fuel exploration and production in the U.S.
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