The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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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 the United States. The proposed U.S. royalties would be among the highest of any country in the world. Mining is today one of the...
