North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By David L Ganje
Special to Mining News 

Beware effects of federal mining royalty

Proposed legislation to rewrite original 1872 mining law could shortchange local, state economies in the name of curbing U.S. debt


Last updated 1/27/2013 at Noon

A new federally collected royalty (read tax) on hardrock mining has recently been proposed as a part of Congress' solution to fix the national debt and manage the mining industry. A bill co-sponsored by U.S. Rep. Raul M. Grijalva, D-Ariz., would set a 12.5 percent royalty rate on the value of certain hardrock minerals on public lands.

This proposal would rewrite the original 1872 mining law in...

For access to this article please sign in or subscribe.


Reader Comments


Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019

Rendered 07/08/2019 21:07