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Normally they would need to buy the land, something that would cost far more than $~100 a year. Currently it seems like a subsidy for a profitable industry with
by boomboomsubban 3y ago
Normally they would need to buy the land, something that would cost far more than $~100 a year. Currently it seems like a subsidy for a profitable industry with a rather exploitative history.
- tastyfreeze 3y agoYou dont own mineral rights on your property unless it is a patented claim. However, if somebody wanted to stake a claim on your property they would need to ask permission to explore.
- jandrewrogers 3y agoThis can get pretty complicated. Mineral rights have priority over basic use rights (like living there), and they are often titled separately to different parties. Exploration on the property requires permission from the person with the use rights but there are ways to circumvent that (e.g. from adjacent parcels). Even if you own the mineral rights on your land, you have to actively defend them from encroachment or you can effectively lose them. In practice everyone will usually try to come to terms to avoid the legal headaches but if you don't own the mineral rights you are negotiating from weak position when this happens.