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Getting Blood from a Turnip: US EITI’s Attempts at Transparency in Hardrock Mining

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By Aaron Mintzes

June 20, 2013

Last month, I blogged about the impending scoping discussions at the US Extractive Industries Transparency Initiative (US EITI). US EITI belongs to an international movement that provides credibility to companies and governments where the flows of money between them gets reported and reconciled. Members of a Multi-Stakeholder Group (MSG) comprised of representatives from industry, government, and civil society met last week to begin discussions about which revenue streams belong in the mix. Oil and gas revenues are a no-brainer. Companies that extract oil and gas from public lands pay royalties to the Federal Government. The Department of Interior’s Office of Natural Resources Revenue (ONRR) carefully tracks these payments and conducts regular audits to ensure accuracy. The tricky part is what to do about hardrock minerals (gold, silver, copper, uranium etc.)

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Tagged with: royalties, taxes, 1872, eiti, us eiti, revenues

House Hearing Probes Mining Reform and Clean Up

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By Aaron Mintzes

June 17, 2013

On Thursday, Lauren testified before the House Natural Resources Subcommittee on Energy and Mineral Resources. The title: Mining in America: The Administration’s Use of Claim Maintenance Fees and Cleanup of Abandoned Mine Lands. The Members and witnesses discussed a potpourri of topics including: 1872 mining law reform, claim maintenance fees, percentage depletion allowance, abandoned mine lands, Good Samaritan policy, and the recent Grand Canyon mineral withdrawal. Chairman Lamborn (R-CO) began the hearing, "While many of us support reforming the 1872 law, the question of how and what is subject to great debate and is an area where members aren't nearly as far apart as the special interests would make it appear."

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Tagged with: mining, 1872 mining law, grand canyon, good samaritan, subsidies, percentage depletion allowance, claim maintenance fee, validity, abandoned mine lands

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