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RCED-85-37 1 (1984-12-13)

handle is hein.gao/gaobabewk0001 and id is 1 raw text is: f ~P~ N 100im ae outrjde the Ac*6 f oufi bi: ..... ( .TF fII J ,) RE L E!§ Report To The Chairman, Committee On Interior And Insular Affairs, House Of Representatives What Is The Extent Of Foreign Participation In Mineral Leases And Mining Claims On Federal Land? GAO Analyzes Three States Foreign citizens and foreign corporations are prohibited from directly acquiring mineral leases or holding mining claims on federal lands. How- ever, federal laws allow foreign participation in leases and claims through stock interest in U.S. corporations. While several federal agencies collect data on foreign investment in various sectors of the U.S. economy, none of the agencies collect or compile specific data on the extent of foreign participation in mineral development on federal lands. GAO reviewed random statistical samples of claim and lease records in Arizona, Montana, and Utah to determine the extent of foreign participation. On the basis of statewide statistical projections, GAO estimates that about 11 percent of the 32,950 mineral leases and about 9 percent of the 484,878 rining claims on federal lands in the three states reviewed have some foreign participa- tion. GAO's sample of leases and claims identified participation from nine foreign countries. About one .half of all foreign participation in the three states was from Canada. 0'.i 125950 GAO/RCED-85-37 DECEMBER 13, 1984 L r'_ D7- F~ L kA .- (- UNT1N(>-: 0F- ( C

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