When you sell mineral rights it is important to understand your contract. The same is true of buying mineral rights. A mineral encompasses metals, coal, stones, gemstones, oil, salt, and natural gases which are extracted from below the surface. The landowner retains possession of the surface, as well as control of the surface, but still sells the coal. While the coal companies want the coal, they don't typically want to pay to acquire the surface.
This is where a coal lease is development, allowing the two to share the property. Leases can be specified from "all coal" to rock units such as "Pittsburgh Coal". When companies sign a coal lease, they are unsure of the amount or quality of minerals. Once extracted, the owner is given a "royalty payment" or their share of the income produced by the minerals extracted from your land. Disagreements that arise during extraction can be settled but only based on the wording of the lease. It is imperative here that you obtain legal assistance.
Even decades after completed mining surface damages can occur. It is important to verify the terms of the coal lease agreement with a legal professional to determine whether or not the mining companies are held responsible for any damages. Temporary or permanent loss of a water supply can occur if mining is taking place near an aquifer. The damage could cause drainage of water deeper into the rocks. Your property value is significantly less without a water supply. Again, your terms of your agreement should be evaluated with a legal professional to determine whether the mining company is responsible for compensation. Your total yield is your lease plus your royalties.
Signing a coal lease means that as the owner of land, you allow mining companies to extract minerals in the form of specific minerals or general minerals. Your right to the mineral found anywhere on your property is referred to as "fee simple". When you sign a lease agreement with a mining company you deserve a fixed fee, plus royalties, and compensation for any damages which occur because of the mining or equipment placed on your property. Visit site.