Biden plan would overhaul 151-year-old mining law, make companies pay royalties for copper and gold

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The Biden administration is recommending changes to a 151-year-old law that governs mining for copper, gold and other hardrock minerals on U.S.-owned lands, including making companies for the first time pay royalties on what they extract.

A plan led by the Interior Department also calls for the creation of a mine leasing system and coordination of permitting efforts among a range of federal agencies. This comes as The White House has been pushing to boost domestic mining for minerals needed for electric vehicles, solar panels and other clean energy.

“A royalty would ensure that American taxpayers receive fair compensation for minerals extracted from federal lands,″ the working group said in a report Tuesday. The fee also could pay for programs to boost mining permits, clean up abandoned mine lands and help states and tribal governments that provide infrastructure and services to mining-dependent communities, the report said.

Deputy Interior Secretary Tommy Beaudreau, who chaired the working group, called the plan released Tuesday “a modernized approach” that would “meet the needs of the clean energy economy while respecting our obligations to tribal nations, taxpayers, the environment and future generations.” “These modest reforms are a good first step, but they’re not enough to safeguard our water and communities,” said Allison Henderson, southern Rockies director at the Center for Biological Diversity, an Arizona-based nonprofit. “The Biden administration should use its full authority to update these antiquated mining laws, prevent more mining industry devastation and preserve a livable planet for future generations.

 

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Biden plan would overhaul 151-year-old mining law, make companies pay royalties for copper and goldThe Biden administration is recommending changes to a 151-year-old law that governs mining for copper, gold and other hardrock minerals on U.S.
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