mineral rights


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mineral rights

The right to take things beneath the soil. One may sell land and mineral rights separately from each other,which works a severance of the interests.In some states,sand,gravel,and clay are not considered minerals, even if they exist below the surface. One frequently contentious issue is whether a grant of mineral rights includes the ability to take them by strip mining or other open-air operations,such as quarrying.(The answer differs from state to state and also depends on the precise language of the deed.)

References in periodicals archive ?
(OTC: BMIX) has a business model focused on: 1) mining specific areas for gold and diamonds, and 2) generating projects from its portfolio of high-quality mineral rights for transactions leading to royalties and/or equity positions.
The owners of the subsurface mineral rights have the legal right to extract the oil and gas even if the extraction involves the use of the surface owner's land (Wilkerson, n.d.; Texas Railroad Comission, n.d.; Goldstein and Thompson 2006, pp.
Target: Mineral rights in the SCOOP and STACK oil and gas plays of Oklahoma
The drilling company to whom Haney and her neighbors sold their mineral rights, Range Resources, built wastewater containers uphill from Haney's land, near the drill sites that contaminated the water.
A survey of private mineral rights in Pennsylvania, for example, found that only 21 percent of lessors reported ever consulting with a lawyer before transacting.
"But now, a lot are getting in touch with me regarding registration by the Crown Estate of mines and mineral rights on their land.
So in places where there aren't active rigs, per-acre mineral rights prices aren't as high as in Oklahoma and in Texas, where drilling dominates.
has acquired the mineral rights to two additional oil fields totalling 260 acres in the Illinois basin, the company said.
In The World Bank's view, the role of the government in a private sector-led mining industry is to define and enact clear (non-discretionary) and consistent policies for the sector, to promote private initiatives and investments, to administer mineral rights, to gather and provide basic geological information and to ensure that mining development is environmentally sustainable.
Bidders interested in Crawford Farms, mineral rights to the land and Mr.
In aggregate, the Company's owned mineral rights total over 100,000 acres.
The OTA and Cruickshank agree that a persistent problem in this field has been the process of leasing mineral rights. Although it is currently considering a hard-minerals act, Congress has yet to pass legislation that defines how companies can lease rights to mine hard minerals in the EEZ.