About This Item
Share This Item
The recognition by the government of the need for a long term secure source of minerals is subtle acknowledgement that shortages in hard minerals may soon become as prominent as the mineral fuel shortages of today.
The Mining and Minerals Act of 1970 discloses that industry will be encouraged to provide the mineral needs within the constraints of giving appropriate protection to the environment and conserving and reclaiming those resources which otherwise might have been wasted. If industry is to accomplish this goal there are certain things that will be expected from government:
1. Administration and implementation of policy to avoid over regulation and multidepartment regulations which will unduly burden the operator.
2. Implementation of policy and regulations with thorough recognition of long-range supply-demand picture on an international basis and in a manner which will be fair and consistent regarding imports, stockpiling, and mineral development.
3. Design of tax-legislation regulations and incentives to encourage mineral exploration, development, and reclamation.
4. Encouragement of research and educational facilities which will provide the manpower and technology for the wise and efficient use of our mineral resources.
5. Administration of public lands to insure multiple use and to make prospective areas available for minerals exploration.
6. Serving the public's best interest.
The need for cooperation is recognized and the goals of the Act can be achieved if industry and the consumer can depend on a long period of stable government commitment and policy.
End_of_Article - Last_Page 626------------