Procedures entirely different from the location of mining claims are required to obtain mining rights to minerals and areas subject to the various federal leasing Acts. Rights to explore, develop, and market are acquired through a lease and/ or prospecting permit issued by the Bureau of Land Management. Royalties and/ or rentals and/or bonuses have to be paid to the federal government. The fee interest in the leased land is reserved to the United States and the leases are subject to exacting restrictions and continuing supervision by the Secretary of the Interior. Minerals now covered by the leasing acts include coal, phosphate, sodium, potassium, oil, oil shale, native asphalt, solid and semisolid bitumen, bituminous rock, and, in Louisiana and New Mexico, sulfur. The Outer Continental Shelf lands and acquired lands can only be developed through the leasing system.
KeywordsCompetitive Bidding Sodium Bentonite Fair Market Union Carbide Corporation Outer Continental Shelf
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References and Suggested Reading
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