Mining for Change

Mining once ruled in Nevada, but The Economist says those days are long gone. As the Silver State’s balance of power has shifted to the south, and its population has diversified, the mining industry has faced increased scrutiny in recent years. In its May 18 issue, the prestigious British news magazine looked at the potential changes facing mining, now Nevada’s ninth-biggest industry. Since 1864, the Nevada constitution has capped mining taxes at 5 percent (after operating expenses), but on May 23 the Assembly approved a resolution that will allow voters to decide in 2014 whether or not the constitutional tax rate should remain. If voters decide to remove the provision, the 2015 Legislature can consider raising taxes on the mining industry.