Home > Term: regalian doctrine
regalian doctrine
The old doctrine that all mineral wealth was the prerogative of the crown or the feudatory lord. The concession system, in which the state or the private owner has the right to grant concessions or leases to mine operators at discretion and subject to certain general restrictions, had its origin in this doctrine. Almost all mining countries of the world, except the United States, follow this system.
- 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)