EARTHWORKS

HR 2262's Mining Royalty: industry can afford it

HR 2262’s Mining Royalty: industry can afford it

Published: October 29, 2007

By: Alan Septoff

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Mining industry advocates claim that companies operating in the United States cannot afford to pay the royalty that would be imposed by HR 2262, the Hardrock Mining and Reclamation Act of 2007: 4% on existing mines on public lands and 8% on future mines.

Metals prices and mining company profits tell a different story.

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