concession lease

concession lease

[kən′sesh·ən ‚lēs]
(mining engineering)
A lease form that conveys specified national or state permission to a lessee to explore for or produce minerals (such as oil, gas, or uranium) from specified properties.
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References in periodicals archive ?
The portion of upfront concession lease proceeds not invested in the fund is used to renovate and expand the existing infrastructure network.
A new concession lease is being negotiated which will result in a wider variety of food/beverage and merchandise and more locations to offer those products in the terminal.
Further, he said the Ministry of Land, Sanitation and Water Services was in the process of standardising the concession leases.
It is also home to the company's largest single store and one of its largest airport concession leases.
Truly smart governments, these opponents contend, could raise just as much money as private concession leases.
However, the docks companies have won a minor breakthrough in the length of the concession leases to be granted for infrastructure services.