Who determines the value of “fair compensation” to CEMEX for the cancellation of their mining contracts?
Once H.R. 4332 is signed into law, the Secretary of the Interior would determine the fair market value of the CEMEX contracts being cancelled in Soledad Canyon, as well as the sum of other CEMEX expenditures and liabilities in trying to bring the contracts into production. If CEMEX does not agree with the Secretary of the Interior’s determination of fair compensation, CEMEX would be allowed to ask the United State Court of Federal Claims to determine a fair amount. What are the environmental benefits of H.R. 4332? In addition to prohibiting mining at the Soledad Canyon sites, H.R. 4332 could provide for further environmental benefits for the region. After compensating CEMEX for its contract cancellations, the legislation would provide for the Secretary of the Interior to use any remaining proceeds from the Victorville area land sales for the acquisition of private in holdings and land interests in the Mojave National Preserve, for the acquisition of holdings and land interests from wil
