0-9 a b c d e f g h i j k l m n o p q r s t u v w y z search

TeachMeFinance.com - explain Mineral lease Mineral lease The term 'Mineral lease' as it applies to the area of energy can be defined as ' An agreement wherein a mineral interest owner (lessor) conveys to another party (lessee) the rights to explore for, develop, and produce specified minerals. The lessee acquires a working interest and the less or retains a non-operating interest in the property, referred to as the royalty interest, each in proportions agreed upon'. Previous 5 Terms: Minable Mine capital Mine count Mine tailings dam mineral Next 5 Terms: Mineral rights Mineral-matter-free basis mineralogy Mini van miniaceous About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.