Mining Law Reform: Royalties, Environmental Protection, and Cleanup Funds
This bill overhauls outdated mining laws by requiring companies to pay royalties on minerals extracted from public lands, ensuring a fair return for taxpayers. It establishes a dedicated fund to clean up abandoned mines and enforces stricter environmental standards to protect water sources and national parks from pollution.
Key points
Mining companies must now pay royalties of 8% to 12.5% on extracted minerals and fees on waste, funding the cleanup of old, hazardous mine sites.
New mining operations are strictly prohibited in National Parks, sacred tribal sites, and designated wilderness areas to preserve natural heritage.
Status:
Introduced
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