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Senators pound on mining royalty bill

A US Senate hearing on a proposed update to the 1872 Mining Law including potential increases in mining royalties came under withering fire from both sides of the house making it likely that elements related to mining royalties and an extraction fee will be removed from the House budget reconciliation bill.

Senators pound on mining royalty bill Senators pound on mining royalty bill Senators pound on mining royalty bill Senators pound on mining royalty bill Senators pound on mining royalty bill

US Senate committe blasts bill

"We have become increasingly more confident that the proposed onerous royalties will not be passed into law," a lawyer representing a junior gold explorer told Mining Journal.

The proposed US$3.