BOEM Proposes Regulation Revision to Support Mineral Exploration
The Bureau of Ocean Energy Management announced proposed revisions to its regulations governing hard mineral resources on the U.S. Outer Continental Shelf aiming to advance exploration and development of critical minerals essential to national security, economic competitiveness and technological progress.These proposed updates align with Executive Orders 14285 and 14154, which prioritize unleashing America’s potential to explore and develop OCS critical mineral resources. The updates also support Executive Order 14192…
US Announces Policy Changes to Accelerate Offshore Mineral Development
U.S. President Donald Trump's administration on Wednesday announced policy changes it said would speed up the search and development of offshore critical minerals.The Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement are updating policies across all stages of development to "reduce delays, improve coordination and provide greater certainty for industry", the U.S. Interior Department said in a statement.WHY IT'S IMPORTANTThe move is a part of the Trump administration's goal of reshaping a critical mineral industry dominated by China, the top U.S.
