Commentary

42 Rent and royalties under a mineral lease

MINES, MINERALS AND LANDFILL vol 26(3)
| Commentary

42 Rent and royalties under a mineral lease

| Commentary

42 Rent and royalties under a mineral lease

The rent payable under a mineral lease may be made to be ascertainable by, or to vary according to, the acreage worked, or according to the quantities of minerals worked and sold, and may be made to vary according to the selling price of the minerals from the site (‘ex-pit’) and the type of product from the added-value plant permitted on site. Further, a fixed or minimum rent (sometimes called a ‘certain rent’) may be payable1, with provision that no royalties will be payable until the amount of the minimum

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