HOUSTON, March 18 (Reuters) - The U.S. must improve its
mine permitting process if it hopes to boost domestic supplies
of critical minerals to power the clean energy transition, the
CEO of copper giant Freeport-McMoRan ( FCX ) said on Monday.
"The U.S. government needs to stop giving lip service to
permitting," Richard Adkerson told Reuters on the sidelines of
the CERAWeek energy conference in Houston.
"The question is, given our political system that we have
today and the dysfunctionality of it, how do you go from getting
a project verbally accepted to getting actions done?"
Earlier, U.S. Energy Secretary Jennifer Granholm told the
conference that she supported efforts in the U.S. Congress to
reform the country's mining laws, some of which were first
approved in the 19th Century.
Adkerson sat next to Granholm at the conference's Monday
lunch and said he had a productive conversation with the
secretary about permitting reform.
Adkerson, who plans to step down as CEO this year after more
than 20 years in his role, said he was asking Washington for
more clarity on how permits are approved or rejected, not an
easing in environmental regulations.
"We're not talking about dropping standards," he said.
"We're talking about processes here."
Kathleen Quirk, Adkerson's longtime lieutenant who will
succeed him as CEO, said Freeport was focused on earning the
support of people who live near its mine sites as part of its
push to boost the copper industry's social license to operate.
"We talk a lot about finding common ground. You got to find
it. It's going to take out of your economics, but otherwise you
don't have a viable business plan if you don't come up with a
sustainable solution," said Quirk, currently the company's
president.
Elsewhere in the U.S., Freeport would be open to potentially
expanding its Miami, Arizona, copper smelter, both Adkerson and
Quirk said. But for the near term the company is focused on
expanding its use of copper leaching, both added.
Of two U.S. copper smelters, Freeport operates one and Rio
Tinto the other.
Freeport has struggled to attract workers inside the U.S.,
and Adkerson said filling staffing needs was still a "work in
progress".
"We're trying to advance technology to reduce worker
requirements wherever we can, but it's a U.S. problem for us,"
he said. "In Peru and Indonesia," where the company also mines
copper, "we have flood of applicants for all of our jobs."
Adkerson, who will remain Freeport's chairman, said he does
not expect Quirk's transition to CEO to bring major changes to
the Phoenix-based company.
"This is a seamless management change," Adkerson said.