If the federal government gets its massive piece of the action with the “Hard Rock Act”, the entire U.S. gold and silver mining industry could go the way of U.S. coal mining. Also, production costs could surge at the same time profits could collapse from government theft regulation…
Physical gold and silver in one’s own possession is the ultimate hedge against uncertainty.
The Federal Government’s Own Report Acknowledges the EPA Was Responsible for the Disaster Mentioned in This Bill:
On the morning of August 5, 2015, mine reclamation activities led by the U.S. Environmental Protection Agency (EPA) onsite project team triggered an uncontrolled rapid release of approximately 3 million gallons of acid mine water from the Gold King Mine located about 5 miles north of Silverton, Colorado. Commonly referred to as a “mine blowout,” the outflow carried with it ironoxyhydroxide sediments that had deposited inside the mine workings. The ironoxyhydroxide absorbed heavy metals when it formed in the mine, and when released it changed the acid water to a vivid orange-brown color. The blowout eroded soil and rock debris from the mine portal, eroded pyritic rock and soil from the adjoining waste-rock dump, and eroded road-embankment fill from several downstream unpaved road stream crossings. Most of the eroded rock, gravel, and sand were deposited in Cement Creek.
Straight from one of the senators who introduced the bill himself [Editor’s Note: bold emphasis ours]:
Senators Introduce Bill to Reform Antiquated Hardrock Mining Laws
Hardrock Mining and Reclamation Act will ensure mining companies pay their fair share and prevent future disasters like Gold King Mine blowout
WASHINGTON — Today, U.S. Senators Tom Udall (D-N.M.), Martin Heinrich (D-N.M.), Michael Bennet (D-Colo.), Ron Wyden (D-Ore.) and Edward J. Markey (D-Mass.) introduced the Hardrock Mining and Reclamation Act of 2017, legislation to modernize the nation’s antiquated hardrock mining laws. The bill requires companies to pay royalties for the first time for the ability to extract mineral resources like gold, silver, and copperfrom public lands, helps ensure that taxpayers aren’t on the hook for cleaning up abandoned mines, and seeks to prevent another toxic spill like the Gold King Mine disaster of 2015. The Gold King Mine blowout spilled 3 million gallons of toxic wastewater into the Animas and San Juan rivers, and communities in New Mexico and Colorado are still waiting for compensation for the damage to their businesses and farms.
“It’s time to end the antiquated sweetheart deal that hardrock mining companies have enjoyed for nearly 150 years,” said Udall, who has fought for mining reform continuously since he was first elected to the U.S. House of Representatives in 1998. “Like oil, gas, and coal producers, mining companies need to pay their fair share, but because our mining laws date back to the Gold Rush era, it’s the taxpayers who are on the hook for cleaning up hundreds of thousands of abandoned mines that are poisoning our watersheds and threatening our communities. The Gold King Mine disaster – and the harm it has caused to Navajo Nation and New Mexico communities – show why we need to bring our laws into the 21st century. We no longer travel West by covered wagon and oxen, and our mining laws should no longer favor Manifest Destiny and the domination of the continent. This legislation will help communities across the West clean up these dangerous abandoned mines, and ensure that taxpayers are getting their fare share of the profit from resources mined on public lands.”
“Toxins leaking out of thousands of abandoned hardrock mines threaten public health and damage our watersheds every day,” said Heinrich. “In the Southwest, water is our most precious resource and we cannot continue to do nothing while toxic metals are drained into our rivers and drinking water supplies. We cannot wait to take action until another Gold King Mine disaster strikes again. It is time that Congress overhaul our outdated and ineffective federal hardrock mining policy so taxpayers aren’t the ones on the hook when something goes wrong. We must come together and pass these pragmatic reforms to stop future disasters, and protect the health of our communities, our land, and our water.”
“The Gold King spill continues to be a reminder of the threat that abandoned mines pose,” said Bennet. “Hardrock mining is a part of our heritage in Colorado, but it is long past time to reform our antiquated mining laws. This bill would provide the resources necessary to help clean up the thousands of abandoned mines in Colorado, improve water quality, and prevent a future disaster for downstream communities.”
“Private companies that profit from mining on public lands ought to pay for using those lands and for cleaning up the messes they’ve created,” said Wyden. “This common-sense legislation would update a century-old law to make sure hardrock mining companies no longer get a free ride when it comes to cleaning up abandoned mines, which threaten public safety and the environment.”
“Huge multinational mining companies can extract gold, silver and other valuable hardrock minerals right now that belong to American taxpayers without paying a dime under a mining law passed after the Civil War,” said Markey. “The mining law of 1872 isn’t just outdated, it’s outrageous. We need to ensure that these large mining companies pay their fair share to mine on public lands so that we have the revenue to protect public health and the environment by cleaning up the hundreds of thousands of dangerous, toxic abandoned mines in Western states.”
STOP, STOP, STOP: BS FLAG IS NOW THROWN:
Seems odd. The senator from Oregon must not have read the official investigation report on the disaster, or he would have known the spill was caused by the EPA itself.
Also, the History Channel tells us that the “Gold Rush” peaked in 1852 (decades before 1872):
A total of $2 billion worth of precious metal was extracted from the area during the Gold Rush, which peaked in 1852.
How does the west have “hundreds of thousands of abandoned mines” like the senator claims? How many people does it take to work in hundreds of thousands of gold and silver mines?
Read More @ SilverDoctors.com