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Well, it's an incentives issue, since the landowner would own any gold that comes out of the mine.
by ummonk 7y ago
Well, it's an incentives issue, since the landowner would own any gold that comes out of the mine.
- mastazi 7y agoIn Australia mineral resources belong to the Crown, the government can issue licenses to survey and/or mine, and in most cases the landholder can’t veto this process. However I believe that the landholder is entitled to a lease payment. See for example https://www.abc.net.au/news/rural/2014-04-03/mining-rights/5365560 https://www.abc.net.au/news/rural/2014-04-03/mining-rights/5... Edit: more info specific to NSW since that’s where the area discussed in the parent comment is located https://www.resourcesandgeoscience.nsw.gov.au/landholders-and-community/landholders-rights/common_questions https://www.resourcesandgeoscience.nsw.gov.au/landholders-an...
- ummonk 7y agoAh, well in that case not only do prospective searchers not have an incentive to look for the mine but the landowner doesn't have as much incentive either.