Senate Bill Seeks To Overturn 1872 Mining Law

Law360, New York (April 3, 2009, 12:00 AM EDT) -- Sen. Jeff Bingaman, D-N.M., has introduced a bill that would force gold, uranium and other hard-rock miners to pay government royalties, much the same way the coal, oil and natural gas industries do now.

However, the bill is not as stringent as a version lodged in the U.S. House of Representatives several months ago, setting up a potential skirmish between mining industry backers, who say royalties should be calculated based on profits and that most production costs should be deducted, and environmental advocates, who say royalties...
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