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 ?
(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.
There is often an impact from the exercise of a mineral right on adjacent surface property.
I am a landowner and the mineral rights have been reserved by another party, is this a problem?
In 1977, Southwest Minerals Ltd 'SWM' acquired the mineral rights to a large area around Redmoor and undertook an exploration program.
Drilling activity in the area is brisk and purchasing mineral rights "in front of the bit" is a goal.
How do I find out if I own the mineral rights to my property?
While by law farmers cannot be held liable for workings on their land unless they hold the mineral rights, fencing off obvious dangers is not only sensible, but also clearly demonstrates a responsible approach by a farmer that in the long run may help prevent a tragic accident.
Natural Resource Partners LP said it has inked a deal to sell a segment of its oil and gas mineral rights and closed a transaction to sell some mineral rights.
The leases pertain to mineral rights covering around 1,100 acres.
I own no mineral rights. Those mineral rights are owned by people who once owned the land where my home sits and, when they sold off my lot and others, reserved the minerals.
The laws concerning mineral rights taxation only refer to severed rights and do not address the contributory value of mineral rights production to property where there is single ownership of surface and mineral rights.
There are four key areas: black economic empowerment; an overhaul of the mineral rights system; attracting new investors; and improving social conditions for the remaining mine workers and the vast numbers of people already laid off.