Hardrock Mining Reform Act of 1993: Hearing Before the Subcommittee on Mineral Resources Development and Production of the Committee on Energy and Natural Resources, United States Senate, One Hundred Third Congress, First Session, on S. 775, to Modify the Requirements Applicable to Locatable Minerals on Public Lands, Consistent with the Principles of Self-initiation of Mining Claims, and for Other Purposes, May 4, 1993, Volume 4U.S. Government Printing Office, 1994 - 205 pages |
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Page 1
... gross and net royalty proposals contained in mining law reform bills pending before this committee . These vary from as much as 12 percent gross royalty to as little as a 2 percent net royalty assess at the mine mouth . Proposals to ...
... gross and net royalty proposals contained in mining law reform bills pending before this committee . These vary from as much as 12 percent gross royalty to as little as a 2 percent net royalty assess at the mine mouth . Proposals to ...
Page 2
... Royalty is the lightening rod of Mining Law reform . But in recognizing the tremendous urge to enact a royalty , one ... percent gross royalty . But this royalty fails to clearly identify what is meant by " gross income from the ...
... Royalty is the lightening rod of Mining Law reform . But in recognizing the tremendous urge to enact a royalty , one ... percent gross royalty . But this royalty fails to clearly identify what is meant by " gross income from the ...
Page 3
... gross royalty scheme . Looking to gross royalties for an additional economic return would be unrealistic due to ... percent rate for oil , gas or coal . This variation in royalty treatment is a recognition of the wide difference in ...
... gross royalty scheme . Looking to gross royalties for an additional economic return would be unrealistic due to ... percent rate for oil , gas or coal . This variation in royalty treatment is a recognition of the wide difference in ...
Page 61
... percent royalty on gross income and not at all from holding fees , even though the royalty and holding fee would generate a significant amount of money . The President's proposal contains no provisions for spending for reclaiming mines ...
... percent royalty on gross income and not at all from holding fees , even though the royalty and holding fee would generate a significant amount of money . The President's proposal contains no provisions for spending for reclaiming mines ...
Page 62
... royalty would be applied to the gross sales of the firm - measured as the market value of a refined product . These sales receipts include returns to mining and nonmining activities of the firm . A division of functions of mining firms ...
... royalty would be applied to the gross sales of the firm - measured as the market value of a refined product . These sales receipts include returns to mining and nonmining activities of the firm . A division of functions of mining firms ...
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Common terms and phrases
1872 Mining Law accepted accounting principles acre ACTON Alfers analysis applied assessment assumed average Bumpers Bill calculation CHAIRMAN coal collected commodity Coopers & Lybrand corporate cost of sales Craig Bill deductions determine DOBRA economic impacts effect employment environmental estimated expenditures expenses exploration federal government federal lands Federal royalty federal treasury fees and royalties gross income gross proceeds gross value hardrock minerals HOCKER holding fees imposed land use plans lease luxury tax million mineral production mining activity mining claims mining companies mining costs mining industry mining law reform mouth royalty multipliers Nevada non-project ounce patent percent gross royalty plan of operations private royalty profits proposed public lands Question Rahall Bill Reclamation Fund reduced result return on equity Rio Algom royalty on gross royalty provisions royalty rate Secretary Section Senator CRAIG Senator MURKOWSKI testimony U.S. gold U.S. Senate uranium
Popular passages
Page 168 - Where minerals have been found and the evidence is of such a character that a person of ordinary prudence would be justified in the further expenditure of his labor and means, with a reasonable prospect of success, in developing a valuable mine, the requirements of the statute have been met.
Page 171 - SEC. 23. CITIZEN SUITS, COURT- JURISDICTION, AND JUDICIAL REVIEW. — (a) (1) Except as provided in this section, any person having a valid legal interest which is or may be adversely affected may commence a civil action...
Page 168 - The Clean Air Act The Clean Water Act The Resource Conservation and Recovery Act The Comprehensive Environmental Response, Compensation and Liability Act The Toxic Substances Control Act The...
Page 85 - The following treatment processes where applied by the mine owner or operator shall be considered as mining to the extent they are applied to the ore or mineral in respect of which he is entitled to a deduction for depletion under section 611...
Page 172 - Interior that such failure was either justifiable or not due to a lack of reasonable diligence on the part of the lessee...
Page 165 - States (Arizona, California, Colorado, Idaho, Montana, New Mexico, Nevada, Oregon, Utah, Washington, and Wyoming...
Page 168 - USA, the National Environmental Policy Act requires the preparation of an Environmental Impact Statement (EIS) for any activity requiring federal permits.
Page 168 - A patent conveys title not only to the mineral estate, but also to the surface and all surface resources.
Page 172 - HR 918 would exempt from the requirement to obtain an approved plan of operations those activities "that cause a negligible disturbance of surface resources not involving the use of mechanized earth moving equipment, suction dredging, explosives, the use of motor vehicles in areas closed to off-road vehicles ...." Further, a plan of operation "say not b« required for exploration activities that involve only a minimal and readily reclaimable disturbance of surface resources • Sec.