Contact Us

Billions Worth in Possible Mine Royalties to Feds

SAN FRANCISCO (AP) — Congressional auditors say the U.S. government reaps billions of dollars in royalties annually from fossil fuels extracted from federal lands and waters, yet it does not collect any money from gold, uranium or other metals mined from these same places. A Government Accountability Office report released Wednesday found the federal government doesn’t know how much these hard rock mines produce from public lands in the 12 western states where most mining occurs.

There is no federal law requiring companies to disclose how much those mines produce. Two lawmakers hope public concerns over the economy will reinvigorate a movement to reform the General Mining Act of 1872, which exempted mining companies from paying royalties. The mining industry says it already pays billions in taxes from mines on state and private lands.

Best of News Radio 1310

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://newsradio1310.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Loyal Listener Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Loyal Listener Club contests, events, coupons, presales, and much more delivered to you for FREE.