Home > Term: phosphate lands
phosphate lands
In mining law, a leased area for phosphate lands may not exceed 2,560 acres (1,034 ha). A certain expenditure for mine development and operations is required. A royalty of not less than 2% of the gross value of the output must be paid, and an annual rental, similar to that for coal lands, is imposed.
- Part of Speech: noun
- Industry/Domain: Mining
- Category: General mining; Mineral mining
- Government Agency: USBM
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Creator
- ed.young
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(Milwaukee, United States)