Mineral Right


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Mineral Right

An interest in minerals in land, with or without ownership of the surface of the land. A right to take minerals or a right to receive a royalty.

Mineral right is a term encompassing all the ways a person can have a possessory interest in minerals in the ground. It includes the right to enter the land and occupy it in order to remove the minerals. Mineral rights can be retained when land is sold or conveyed, thus making it possible for someone to own the right to mine the minerals without owning the land. A right of entry onto the land can be held by the grantor who retains the mineral rights, or other arrangements can be made to gain access to the minerals. Mineral rights can be leased or sold. A landowner who leases mineral rights often receives a royalty, or a percentage of the value of the minerals which are mined by the leaseholder.

Cross-references

Mine and Mineral Law.

References in periodicals archive ?
I am a landowner and the mineral rights have been reserved by another party, is this a problem?
The company is on track to reaching its goal of acquiring USD 500m in oil reserve assets and said it plans on bidding on more oil leases and mineral rights in the next few months.
Target: Certain mineral rights located in Howard County, Texas
I strongly believe that the issue of Mines and Mineral Rights also deserves to be reviewed in the hope that the threat posed by these out-dated rights can be removed in future.
A lot of them sold those mineral rights to survive and to eat and to keep their land," Turner said.
The mineral rights holdings has increased in the Livingstone district.
In a landmark judgment the high court in Pretoria ruled on Thursday that private holders of mineral rights under the former arrangements were entitled to compensation as the mining act had expropriated the holder of property.
Gas companies that own those mineral rights can drill on public land without seeking federal approval.
Since so little was known about the Fayetteville Shale in those years, many of the earliest agreements paid mineral rights owners a 12.
One color of natural gas usually is blue, but for nonprofits in and around Fort Worth, Texas, the color is green as they cash in on mineral rights to the tune of millions of dollars.
The move is an effort to at least limit the amount of mining allowed on the land, where the federal Bureau of Land Management owns the mineral rights.
He was an adviser to the Inuit on the land selection process as it pertained to subsurface mineral rights.