Mad Machinist
Silver Member
Hardrock miner's get the shaft!!!!!
http://www.mineweb.com/regions/usa/hardrock-miners-get-shafted-obama-budget/
Plan is to set it up under the Mineral Leasing Act of 1920 where the revenues generated by the states that mine are subject to royalties that will be divided up among all the states, even those who DO NOT mine anything.
Read it and weep.
http://en.wikipedia.org/wiki/Mineral_Leasing_Act_of_1920
NOT GOOD!!!!!! Let the leeches starve.
It gets worse, much worse. Right now states that have banned fracking and mining are trying to claim that since the minerals on federal land belong to "all the people" then the money should be split up evenly. If states want to ban these things based on the crap science that says these things destroy the environment, then they don't need the "blood money" that comes from drilling and mining.
http://www.mineweb.com/regions/usa/hardrock-miners-get-shafted-obama-budget/
Plan is to set it up under the Mineral Leasing Act of 1920 where the revenues generated by the states that mine are subject to royalties that will be divided up among all the states, even those who DO NOT mine anything.
Read it and weep.
http://en.wikipedia.org/wiki/Mineral_Leasing_Act_of_1920
NOT GOOD!!!!!! Let the leeches starve.
It gets worse, much worse. Right now states that have banned fracking and mining are trying to claim that since the minerals on federal land belong to "all the people" then the money should be split up evenly. If states want to ban these things based on the crap science that says these things destroy the environment, then they don't need the "blood money" that comes from drilling and mining.
Amazon Forum Fav 👍
Upvote
0