House Passes Legislation To Undo 1872 Mining Law

Law360, New York (November 1, 2007, 12:00 AM EDT) -- The House of Representatives passed a bill Thursday that would subject hard-rock miners to more stringent environmental rules and require, for the first time, that they pay government royalties.

The bill, known as the Hardrock Mining and Reclamation Act of 2007, passed the full House by a 244-166 vote. If it becomes law, the legislation would impose an 8% royalty on gross revenue for new operations and a 4% royalty on gross revenue for existing operations.

Some of those royalties would then be used to pay...
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