Home > Term: reserved mineral
reserved mineral
Economic minerals that are not the property of the landowner but belong to the State. The State confers the right to prospect for and to mine these minerals on any one who applies for this right on the form prescribed and at the competent mining office. Such minerals as coal and iron ores are included in this group. Compare: unreserved mineral
- Part of Speech: noun
- Industry/Domain: Mining
- Category: General mining; Mineral mining
- Government Agency: USBM
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- ed.young
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(Milwaukee, United States)