U.S. miners decry mineral royalty plan floated in CongressWhat happens in US often bleeds into Canada.........unlikely that PM's would be excluded.
U.S. mining companies are blasting proposals in Congress that would set royalties for copper, lithium and other minerals extracted from federal land, with executives saying the measures would hurt domestic production of the building blocks for solar panels, electric vehicles and other green technologies.
The House of Representatives Natural Resources Committee added language to the proposed $3.5 trillion reconciliation spending measure last week that would set an 8% gross royalty on existing mines and 4% on new ones. There would also be a 7 cent fee for every ton of rock moved.
That would mark one of the most-substantial changes to the law that has governed U.S. mining since 1872.
Hecla Mining has already responded saying that they will close mines if scheme is approved.
https://www.kitco.com/news/2021-09-16/U-S-miners-decry-mineral-royalty-plan-floated-in-Congress.html