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Message: Coal Fundamentals strong in the long run

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Mining's future looks good in an Obama administration

in response to Coal Fundamentals strong in the long run by Delgardo

posted on Nov 05, 08 10:02AM

One of the lead stories on Mineweb.com 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.”