mineral right


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mineral right

[′min·rəl ‚rīt]
(mining engineering)
References in periodicals archive ?
(OTC: BMIX) (the 'Company' or 'Brazil Minerals') announced today that it now has rare earths areas comprising three mineral rights totaling 12,528 acres in Brazil.
In such a case, the holder of the mineral right has no legal obligation toward any adjacent mineral owner, as it is impossible to determine the original source of the mineral.
Confusingly, owners of mines and mineral rights can continue to apply to register if they want, but they do not have to and this won't affect their ownership.
The Mining Lease permits commercial extraction of the minerals and is subject to a 3% Net Smelter Return Royalty payable to the mineral right owner once commercial production has commenced.
31 August 2016 - US-based energy investors The Mitchell Group and Redhawk Investment Group have formed Redhawk Minerals Fund I, LP, a USD 58m mineral rights acquisition offering, the companies said.
In five years' time, the ESOP's gross royalty income from the mineral rights totaled over $9 million, and its net asset value grew to approximately $5.3 million--all this despite cumulative employer contributions totaling only $12,900.
What most people don't understand is that mineral rights and surface rights do not go hand-in-hand.
"In reality very few farmers hold these mineral rights so by law are not required to remedy any public nuisance.
Their 101-square-kilometre Festival property, of which Pele owns 100 per cent mineral rights, has features that make a cheap, open pit mine possible.
Thor is acquiring up to a 30% interest in EnviroCopper, which in turn is earning from Andromeda Metals Ltd up to a 75% interest in the mineral rights and claims over the northern portion of the Moonta exploration licence area.
Sunset Pacific was originally awarded mineral rights by the previous administration in Tunisia.
Drilling will progress based on continued permit approvals in the areas of expanded mineral rights from the original Soledad project area optioned from Condor Resources (see Condor news release dated April 25,2017).