Estimated read time: 4-5 minutes KEY TAKEAWAYS
Gov. Spencer Cox promoted Utah's mining potential at Australia's IMARC conference.
The U.S. and Australia signed an $8.5 billion critical minerals agreement.
Utah's infrastructure and government support make it a strong mining partner.
SYDNEY, Australia — Global mining executive Bruce Richardson remembers being a kid and getting a bit bored eating his toast smeared with Vegemite — that distinctly Australian food spread made from leftover brewers' yeast.
So young Bruce would add a bit of honey to his Vegemite. Immediately, the toast was far more appetizing.
That harmonious Vegemite/honey blend doubles as an analogy in today's headline-grabbing world of critical minerals and rare-earth resources, said Richardson at Wednesday's Internation