A General Form of Coal Mining Lease is a legal agreement between a coal mining company and a landowner or other surface rights holder for the exclusive right to mine coal on the leased property. This type of agreement typically includes provisions regarding royalty payments, environmental protection, and surface rights. Generally, two types of General Form of Coal Mining Lease are available: Traditional Lease and Unit Agreement. The Traditional Lease is the most common type of Coal Mining Lease and allows the lessee to mine coal within a certain area of the lease. This type of lease typically involves a one-time payment to the landowner or surface rights' holder in exchange for the exclusive right to mine coal in the leased area. The lease generally includes provisions for the payment of royalties, environmental protection, and surface rights. The Unit Agreement is similar to the Traditional Lease but involves a unit of land that is subdivided into different tracts. Each tract is then leased to a separate coal mining company. This form of agreement typically includes provisions for the payment of royalties, environmental protection, and surface rights. Both types of General Form of Coal Mining Lease require the lessee to comply with all applicable state and federal laws, regulations, and policies, including those related to safety, environmental protection, and reclamation. The lease also typically includes a requirement to conduct regular inspections of the leased area.
General Form of Coal Mining Lease
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FAQ
A mining lease allows you to machine-mine for specified minerals and conduct other activities associated with mining or promoting the activity of mining.
The tax is imposed at two rates, depending on whether the coal is from underground (deep) or surface mines. The tax on deep mined coal is the lower of $1.10 a ton or 4.4 percent of the sales price. The tax on surface mined coal is the lower of $. 55 a ton or 4.4 percent of the sales price.
Coal lease means a contract entered between the board and a third party for a coal mining operation on trust lands.
The royalty rate for surface-mining methods is 12.5 percent and is 8.0 percent for underground mining, and the BLM can approve reduced royalty rates based on maximum economic recovery. Regulations that govern BLM's coal leasing program are contained in Title 43, Groups 3000 and 3400 of the CFR.
The three main types of surface coal mining are strip mining, open-pit mining, and mountaintop removal (MTR) mining.
The Department of the Interior is responsible for 570 million acres of federal land with coal resources. This responsibility comes from the Mineral Leasing Act of 1920 and the Mineral Leasing Act for Acquired Lands of 1947, as amended. Managed and regulated by the Bureau of Land Management (BLM).