2011-04-11financialsense.com

``This week a new bill was introduced to try to assist US rare earth miners to fast-track their mines. This action was predicted in my article "Rare Earth Prices Soaring: Will Miners Play Catch Up?" four weeks ago. Colorado Congressman Mike Coffman introduced the Rare Earth Supply-Chain Technology and Resource Transformation (RESTART) Act of 2011, which will give loans to the industry and speed up permitting... I am glad legislators are becoming aware of this national security threat as this should have been done years ago so we wouldn't be in the situation today of groveling to China a la Oliver Twist. I applaud Coffman's actions as it will help many of the North American producers who may have had difficulties with the costs associated with such projects.''


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