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ESG
Ill-thought-out proposal to amend US Mining Law should fall on deaf ears
In a small effort to fund a US$3.5-trillion spending bill, the US House of Representatives' Natural Resources Committee is proposing an 8% gross royalty on existing mines and 4% on new ones, plus a 7c per ton fee on rock moved at the mine.
The proposal would impact all of the country's mining projects that reside on public land, which are primarily focused on the Western US and Alaska, and would mark a significant change to the General Mining...
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