Reform of 1872 law would make Barrick, Newmont pay federal mineral royalties

Posted on May 13, 2019 by Minerals Make Life

The federal law designed to promote gold mining in the West was enacted by President Ulysses S. Grant in 1872, and it has remained mostly unchanged ever since.

The General Mining Act of 1872 allows miners to obtain the rights to mine billions of dollars worth of gold, silver, copper and other minerals found in “hard rock” from federal lands without paying federal royalties.

Now there’s a bill for that.

Read the full article here.

Latest From Twitter

To prevent election fraud, more than 30 countries ask voters to dip their fingers in silver nitrate ink before cast…
The Biden Administration plans to replace 100% of lead water pipes in the country, and copper pipes are the best lo…
America’s mineral supply – or lack thereof – is a policy problem, not a geology problem. Learn why in this op-ed fr…

Take a Stand for Miners Today Take Action