Midterm elections in the United States proved to be an overwhelming success for Republicans, and could prove beneficial to the mining industry.
With the Republican landslide the balance of power in the U.S. Senate switches hands and several committees that are important to the mining industry will likely get new leadership, Mineweb reported.
The Environment and Public Works Committee, the committee that has oversight over the U.S. Environmental Protection Agency (EPA), will likely be chaired by Republican Jim Inhofe from Oklahoma. Sen. Mike Enzi (R,WY) will likely chair the Budget Committee and along with Inhofe, the pair could reign in the EPA.
In West Virginia, the state will get its first Republican Senator in 55 years as Shelley Moore Capito replaces Jay Rockefeller. Nick Rahall (D, WV) was also voted out office.
In the west, Representatives Mark Amodei (R-NV) and Mike Coffman (R-CO) both won re-election to their congressional seats. Both have been strong proponents of the domestic development of critical and strategic mineral resources.
In Arizona and Nevada, miners will also have support from their respective governors office as Doug Ducey won his bid in Arizona and Brian Sandoval was re-elected in Nevada.
The Senate Energy and Natural Resources Committee may now be chaired by current Ranking Member Sen. Lisa Murkowski, R-Alaska, an advocate of gas and oil and mining development.
Murkowski has been a strong supported of bills advocating development of critical and strategic minerals resources in the United States and her victory may help get a Senate hearing on the issue.
Montana Republicans will have a new Republican U.S. Senator for the first time in decades, current U.S. Rep. Steve Daines. Republican Butch Otter continues as Idaho’s governor, which is good news for Idaho’s gold and silver miners.
Wisconsin Gov. Scott Walker, a Republican, was re-elected, which may be good news for the Gogebic Taconite mining project, which Walker supported.