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The Mineral Leasing Act of 1920 30 U.S.C. § 181 et seq. is a United States federal law that authorizes and governs leasing of public lands for developing deposits of coal, petroleum, natural gas and other hydrocarbons, in addition to phosphates, sodium, sulfur, and potassium in the United States.
Lease terms typically include a price to be paid to the mineral rights owner for the minerals to be extracted, and a set of circumstances under which those minerals are to be extracted. For instance, a mineral rights owner might request that the company minimize any noise and light pollution when extracting the minerals.
The central legal standard is the Federal Mining Act (Bundesberggesetz). In Austria the legal basis is quite similar to German law. The primary legislation since 1 January 1999 has been the Mineral Raw Material Act (Mineralrohstoffgesetz) or MinroG. In Switzerland mining law is a cantonal business and governed by cantonal law.
For example, when an assignment of an oil and gas lease expressly provides that any extension or renewal of the lease is subject to an overriding royalty, a new lease that is substantially similar to the first lease and procured by the assignee during the term of the first lease, is regarded, as a matter of law, as an extension of renewal of ...
the Mineral Leasing Act of 1920, 30 U.S.C. §§ 181 et. seq., [29] which made certain nonmetallic minerals, such as petroleum and oil shale, not open to claim staking; the Mineral Materials Act of 1947, 30 U.S.C. § 601, et. seq., [30] which provides for the sale or public giveaway of certain minerals, such as sand or gravel;
The Mines and Minerals (Regulation and Development) Act, 1957 was enacted so as to provide for the regulation of mines and development of minerals under the control of the Union. The Act has been amended in 1972, 1986, 1994, 1999 and 2004 in keeping with changes in the policy on mineral development.
The ban covering most of America's coastline comes two weeks before Donald Trump's inauguration ceremony.
Offshore Energy and Minerals Management (OEMM) – Under the guidance of the 1953 Outer Continental Shelf Lands Act, the OEMM managed energy and mineral development in over 1.71 billion offshore acres of the Outer Continental Shelf (OCS) and annually disburses to the U.S. Treasury expected of $5 billion in minerals revenue in 2010. [1]