Copper King Mining Corporation fka CPRKQ

[mariner78]

Are any of our land holdings "public lands" ???

Found this on another board. Does this proposal have the potential to affect us at all?

POLITICAL ECONOMY
Author: Dorothy Kosich
Posted: Wednesday , 16 Feb 2011

President Obama’s Fiscal Year 2012 proposed budget calls for charging a 5% royalty on the gross proceeds of hardrock minerals mined on public lands including silver, gold and copper.

The President is proposing a number of new royalties and fees on both hardrock and coal mining, along with reductions on oil and gas subsidies, which he says will save the country $3 billion over the next 10 years.

The Office of Management and Budget (OMB) said the President’s budget "provides a better return to taxpayers from mineral development."

"A number of recent studies by the Government Accountability Office and DOI’s Inspector General have found that taxpayers could earn a better return through more rigorous oversight and policy changes, such as charging appropriate fees and reforming how royalties are set," the OMB said.

Full article here:

http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=120691&sn=Detail&pid=102055

M78