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AFI Mining and CHIRAL RESEARCH Launch a Joint Venture agreement in Rare Earth Mining
World is shifting the trend towards the green environment which is free from environmental pollution. Henceforth, all the governments are interested in keeping their country clean. A large portion of the environmental pollution comes from the mining industry, as traditional techniques for the extraction of mining requires a massive amount of fuel burning, hazardous chemical use, and bombing allows to make room for the miners to work in the mining fields. This culture is the main cause for the rapid increase of environmental pollution in the remote mining areas.
China has occupied more than 85% of the world’s rare earth mining industry. Whereas, the US is being the biggest economic rivalry of China in the international politics. Thus, the government of the United States of America is designing several incentives for the companies to come for the investment in the rare earth mining sector. Therefore, tax credits are given to those investors who are interested in the promotion of this industry. The ISO standard for clean environment methods, techniques, and practices for the development of the extraction of rare earth’s minerals are being followed by the governmental policies. Thus, the company can enjoy full tax credits, if they are abiding the policies designed by the government. The tax levies are way less than the Chinese government. Even 100% tax credits and tax wave policies are implemented in the US for the zero pollution and renewable energy adoption in the extraction of rare earth’s minerals. This policy continues to execute in other industrial sectors to meet the object of net-zero pollution; moreover, it also helps to increase the rate of global investment influx in the United States of America.
The list for incentives for the development of rare earth mining sector in the US is never-ending. One may get state incentives for start-up companies. For instance, the governmental support indirect financing helps the entrepreneurial activities. The private investments through direct and in-direct means are insured by the government for the purpose of research and development. Moreover, the tax credits for the start-ups can be easily taken, along with the sales and property tax exemptions.
There are numerous tax exemptions and investment support plans given by the governments, banks, and corporate companies. But the phenomenon to build the entrepreneurial culture in this dry field is lacking due to limited advertisement, marketing, and publicizing. There are only a few companies in the world globally that knows the leverages offered by the United States of America in the rare earth mine industry. The local companies’ CEO are passionately interested to invest in this industry by introducing modern techniques that may bring net-zero pollution for the extraction of unique and precious minerals. For instance, CEO Tim Fligg says, ” We’re extremely excited to be part of this venture, and what will set us apart of all others is the pollution-free extraction method that has been developed by CHIRAL RESEARCH. Where everyone that was using chemicals and methods that harmed the environment our method does not. No other mining company on the planet has the technologies that we can bring to the table.” Thus, it is the necessity of time to educate investors to put their money in this business to get maximum benefits out from the nascent rare earth mining industry.
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