House To Revisit Tougher Mining Rules, Royalties

Law360, New York (January 29, 2009, 12:00 AM EST) -- Lawmakers have brought back to Capitol Hill a controversial mining reform bill that would subject miners to harsher environmental regulations and, for the first time, require them to pay government royalties.

The Hardrock Mining and Reclamation Act of 2009, introduced this week in the U.S. House of Representatives, would modernize an 1872 law that allows multinational companies to mine for hardrock minerals such as gold, silver and copper on federal lands in 12 states without paying royalties.

“Given our current economic crisis and the empty state...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.