| Commentary

54 Royalties for minerals

| Commentary

54 Royalties for minerals

The variable element of the rent under a mineral lease may be calculated either on the amount of the minerals worked and sold or otherwise removed from site, or on the amount of the proceeds of sale. In the case of calculation by reference to the amount of minerals worked and sold or otherwise removed from site, the amount may be measured by area of the surface, by area of the surface and thickness, by volume, by weight or by numbers of articles manufactured (eg bricks or blocks). Measurement by area, or by area and thickness,

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