Mineral Rights

Categories: Regulations, Econ

Nothing to do with One-A-Day.

Instead, mineral rights have to do with legal rights, which a miner has usually paid for, to dig minerals (or whatever else...gold, coal, bauxite, etc.) out of the ground and sell it.

Sometimes mineral rights are bought as a one-time thing. Like...a mining company just pays $100,000 for the rights to dig anything of value out of a clearly marked 100-acre plot area. Other times, a mining company pays nothing up front, but the lessor gets, say, 20% of the value of whatever's dug out of the ground.

Regardless, the miner needs the mineral rights or they legally have no right to it, and the land owner keeps all the spoils.

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