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 ?
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.
But now, a lot are getting in touch with me regarding registration by the Crown Estate of mines and mineral rights on their land.
Most landowners sold their mineral rights decades ago to raise money during lean years of farming, Turner said.
The Company acquired both the mineral rights and the associated gas lease with CNX, by and through a newly formed subsidiary, Blaze Minerals, LLC.
These mineral rights blocks cover the core of the most prospective zone at La Higuera, on which two open pit mines are currently exploiting copper oxide ore and beneath which the Company believes there is substantial high grade copper sulphide mineralization.
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.
When the ACS sold the possessions in 1961, the mineral rights remained before being sold for $5.
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.
Rather than lobby or regulate to stop such activities as mining of minerals and drilling for oil, governments, nonprofit groups, and other organizations have started to buy land--or mineral rights to land--to stop the activities from starting at all.