Legislation introduced to overhaul ancient mining law In 1872, President Ulysses S. Grant signed a mining-regulation law -- and while resource extraction has changed significantly since then, the rules haven't. Now Rep. Nick Rahall (D-W.Va.) is seeking to revamp what he calls "the Jurassic Park of all federal laws," introducing a proposal that would require land-reclamation plans, make some public lands off-limits to mining, and impose an 8 percent royalty on minerals. The revenue from the tax -- similar to what oil, natural gas, and coal companies already pay -- would go to clean up highly toxic abandoned mines in …
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