Ownership of mineral rights (more properly "mineral interest") is an estate in real property. It is the right of the owner to exploit, mine, and/or produce any or all of the minerals lying below the surface of the property. The five elements of a mineral interest are:
- the right to use as much of the surface as is reasonably necessary to access the minerals,
- the right to execute any conveyances of mineral rights,
- the right to receive bonus consideration,
- the right to receive delay rentals and
- the right to receive royalty.
The owner of a mineral interest may separately convey any or all of the above-listed interests.
See also
- General Mining Act of 1872
- Stock-Raising Homestead Act of 1916
- Air rights
- Easement
- Land rights
- Oil and gas law in the United States
- Water rights
External links
- 'War Brewing' over Mining Rights in Rural BC, TheTyee.ca, June 14, 2006
- Surface Rights vs. Mineral Rights
- What Is A Mining Claim, Legally?
- Mineral Rights Information for Royalty Owners
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