Gold

When Congress opened U.S. public lands for mining in 1872, the nation was less than a century old. Miners used picks, shovels and pressurized water hoses to pry loose valuable minerals like gold and silver. Today, mining is a high-technology industry, but it is still governed by the Mining Law of 1872. As was true 150 years ago, companies can mine valuable mineral deposits from federal lands without paying any royalties to the U.S. Treasury. Even when lands that formerly were available for mining receive new protected status as national parks or monuments, the 1872 mining law protects existing mining claims on those lands. That’s why a company called Energy Fuels Inc. just started mining uranium in January 2024 at a site in Arizona 10 miles from the Grand Canyon and inside a new national monument. Gold prospectors mining at Lake Coeur d'Alene, Idaho, circa 1885. Graphic House/Archive Photos via Getty Images...