Bullish for physical gold and silver, bearish for mining firms.
After a decade-long legal battle, exploration activities and mining development are effectively banned on 45 million acres of national forests in the United States.
The U.S. Supreme Court’s refusal Monday to hear an appeal by the Colorado and Wyoming Mining Associations to strike down the 2001 Roadless Area Conservation Rule, prohibiting most roads on 45 million acres of national forests, effectively bans mining development and exploration access on these lands.
The Colorado Mining Association had argued the rule “is a sweeping usurpation of the authority vested solely in Congress to designate lands as wilderness.”
The mining associations asked the high court to overturn a decision last year by the 10th U.S. Circuit Court of Appeals, which upheld the Clinton Administration-era rule and reversed a Wyoming U.S. district court’s ruling that the rule had created de facto wilderness and violated the National Environmental Policy Act.