mining lease

A lease of a mine or mining claim, in which the lessee has the right to work the mine or claim, usu. with conditions on the amount and type of work to be done.

• The lessor is compensated in the form of either fixed rent or royalties based on the amount of ore mined. [Cases: Mines and Minerals 62–71. C.J.S. Mines and Minerals §§ 200–232.]

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词条贡献者

双语律师Raymond，亚洲知名法学院法律专业，擅长翻译各类与生物科技与制药相关的法律文件。