Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >US House votes to overturn Minnesota mining ban, Senate to consider next
    Finance

    US House Votes to Overturn Minnesota Mining Ban, Senate to Consider Next

    Published by Global Banking & Finance Review®

    Posted on January 21, 2026

    3 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    US House votes to overturn Minnesota mining ban, Senate to consider next - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilityenvironmental issuesinvestmentfinancial communityresources sector

    Quick Summary

    The US House voted to overturn a Minnesota mining ban, affecting Antofagasta's project. The Senate will consider the measure next.

    US House Moves to Reverse Minnesota Mining Ban Ahead of Senate Vote

    Overview of the Mining Ban Reversal

    By Ernest Scheyder

    House Vote Details

    Jan 21 (Reuters) - The U.S. House of Representatives on Wednesday voted to overturn former President Joe Biden's mining ban in northern Minnesota, giving a boost to Antofagasta's Twin Metals copper, cobalt and nickel project.

    Conservationist Response

    The measure now moves to the Senate for consideration and, if approved there, to President Donald Trump, who campaigned in 2024 on overturning Biden's 20-year block on mining across 225,504 minerals-rich acres (91,200 hectares) in the Superior National Forest.

    Implications for Antofagasta

    Reuters first reported earlier this month that Trump officials and legislators had launched a complex plan to reverse the ban using the novel claim that Biden had not properly informed Congress.

    The Interior Department resubmitted the mining ban with the expectation that it would be rejected by Congress and Trump. Were that to occur, a future president could not replicate Biden's ban because of a provision in the 1996 Congressional Review Act (CRA).

    The House voted 214 to 208 to overturn the ban, which was included in a measure sponsored by Congressman Pete Stauber, a Republican who represents northern Minnesota.

    Conservationists have rejected the claim that Congress was not properly informed about Biden's move, noting it was detailed in federal publications and in letters to members of Congress.

    If the ban is lifted, the Trump administration would then be free to reissue mining leases to Chile-focused Antofagasta, which has been trying to develop the mine for decades on land controlled by the federal government. The mine would need to undergo an environmental review and obtain permits.

    "Reversing Biden's mining ban will protect Northern Minnesota jobs, strengthen national security through domestic production and prevent future overreaches from happening again," Stauber said.

    Approval by the Senate likely hinges on whether Elizabeth MacDonough, the Senate Parliamentarian, agrees that the mining ban - known as a withdrawal - constitutes a rule under the provisions of the CRA and thus can pass with a simple majority rather than a 60-vote threshold.

    Republicans hold 53 seats in the 100-person Senate, to Democrats' 47 seats.

    Antofagasta's Twin Metals subsidiary said it was "very appreciative of Congress for their efforts to overturn an unnecessary and detrimental action that locked out a significant domestic source of critical minerals."

    Attempts to overturn the ban with the CRA have received strong pushback from conservationists, many of whom have called the plan "unprecedented."

    "The Senate must reject this attack and the precedent it sets to arbitrarily strike down well-established public lands protections," said Jordan Schreiber of The Wilderness Society, a conservation group that has pushed to block development in the region for more than 50 years.

    Antofagasta has said it likely will export the mine's copper and other critical minerals for processing overseas.

    Overturning the mining ban would also boost helium projects in the region.

    (Reporting by Ernest Scheyder; Editing by Jamie Freed)

    Table of Contents

    • Overview of the Mining Ban Reversal
    • House Vote Details
    • Conservationist Response
    • Implications for Antofagasta

    Key Takeaways

    • •US House voted to overturn Minnesota mining ban.
    • •Antofagasta's Twin Metals project could benefit.
    • •Senate to consider the measure next.
    • •Conservationists oppose the reversal.
    • •Potential impact on US mining policy and jobs.

    Frequently Asked Questions about US House votes to overturn Minnesota mining ban, Senate to consider next

    1What is a mining ban?

    A mining ban is a legal prohibition on mining activities in a specific area, often implemented to protect the environment and natural resources.

    2What is the Congressional Review Act?

    The Congressional Review Act allows Congress to review and potentially overturn federal regulations, providing a mechanism for legislative oversight.

    3What are critical minerals?

    Critical minerals are essential materials needed for various industries, including technology and renewable energy, often subject to supply chain vulnerabilities.

    More from Finance

    Explore more articles in the Finance category

    Image for Analysis-Western powers were unable to secure shipping in the Red Sea. Hormuz will be harder
    Analysis-Western Powers Were Unable to Secure Shipping in the Red Sea. Hormuz Will Be Harder
    Image for Air Liquide executive: will allocate helium volume from other places in the world
    Air Liquide Executive: Will Allocate Helium Volume From Other Places in the World
    Image for Blaze at Russia's Baltic Sea port of Ust-Luga after major Ukrainian drone attack
    Blaze at Russia's Baltic Sea Port of Ust-Luga After Major Ukrainian Drone Attack
    Image for Morning Bid: Deal, or no deal?
    Morning Bid: Deal, or No Deal?
    Image for Labubu maker Pop Mart meets 2025 revenue expectations
    Labubu Maker Pop Mart Meets 2025 Revenue Expectations
    Image for Israel strikes Tehran as Trump says US negotiating to end war
    Israel Strikes Tehran as Trump Says US Negotiating to End War
    Image for South Korea, Germany exposed to rare earths shortage, Australia's Arafura says
    South Korea, Germany Exposed to Rare Earths Shortage, Australia's Arafura Says
    Image for Currency markets drift as traders sceptical of US efforts to end Iran war
    Currency Markets Drift as Traders Sceptical of US Efforts to End Iran War
    Image for Stocks bounce and oil retreats on Mideast ceasefire reports
    Stocks Bounce and Oil Retreats on Mideast Ceasefire Reports
    Image for Equinor CEO says EU unlikely to increase Russian gas imports
    Equinor CEO Says EU Unlikely to Increase Russian Gas Imports
    Image for Openreach taps Google AI to speed fibre rollout, cut emissions
    Openreach Taps Google AI to Speed Fibre Rollout, Cut Emissions
    Image for UK consumer sentiment falls as Iran war rages, KPMG says
    UK Consumer Sentiment Falls as Iran War Rages, Kpmg Says
    View All Finance Posts
    Previous Finance PostLondon Retains Top Spot in Own Global Financial Centre Survey for Sixth Year
    Next Finance PostWind and Solar Overtake Fossil Fuels in EU Power Supply