Subjects production of locatable minerals from any mining claim to a royalty of between 2 % and 5% of the value of the production, not including reasonable transportation, beneficiation, and processing costs.
Authorizes the Secretary to grant royalty relief.
Directs the Secretary to establish a comprehensive inspection, collection, fiscal, and production accounting and auditing system to: (1) determine accurately any royalties, interest, fines, penalties, fees, deposits, and other payments owed; and (2) collect and account for such payments in a timely manner.
Requires a permit to engage in the following activities on federal land: (1) mineral activities that would disturb surface resources, including land, air, water, and fish and wildlife; and (2) exploration and mineral activities that involve more than casual use of the land.
Prescribes requirements for mining permits.
Requires an operator to give the Secretary specified financial assurances before beginning any mineral activities requiring an exploration or mining permit in order to ensure reclamation and restoration of any land or water adversely affected by the activities.
Establishes the Hardrock Minerals Reclamation Fund for the reclamation and restoration of land and water resources adversely affected by past hardrock minerals and mining and related activities in abandoned hardrock mine states, and on Indian land located within the exterior boundaries of abandoned hardrock mine states.
Subjects each operator of a hardrock minerals mining operation to an abandoned mine land reclamation fee.