Afaik it differs per state in America as well as Europe. A quick search suggests that the royalties for a lease in America will typically be at least 12.5 %.In many European countries minerals and gases are principally the government's property, due to the 1810 Napoleonic mining law. That's often not a bad precedent, because when exploitation causes issues (cf. earthquakes in Groningen) the government would be able to respond much faster and better than when the decisions are largely in the hands of private enterprise.(Some people frame nationalized exploitation as being about money, but that's not the case. Some two thirds of the money from Groningen goes to the Netherlands as per the Note Regarding Natural Gas from 4 October 1962 but much decision making power rests in private hands.)
so which one is right ?
also what do you think about land owner which agree to only receive 1% - 3% royalty for gold and copper in their land. are they smart, super smart , dumb or super dumb?
"Mineral rights" entitle a person or organization to explore and produce the rocks, minerals, oil and gas found at or below the surface of a tract of land. The owner of mineral rights can sell, lease, gift or bequest them to others individually or entirely. For example, it is possible to sell or lease rights to all mineral commodities beneath a property and retain rights to the surface. It is also possible to sell the rights to a specific rock unit (such as the Pittsburgh Coal Seam) or sell the rights to a specific mineral commodity (such as limestone). Source.
but I'm afraid I'm still not quite understanding your 12.5 % × 3 = 37.5 % scenario.
Quote from: Frenzie on 2018-12-30, 17:11:39but I'm afraid I'm still not quite understanding your 12.5 % × 3 = 37.5 % scenario.Nobody does.
in total you give 37,5% royalti from total profit.
Quote from: Sparta on 2018-12-30, 21:43:31in total you give 37,5% royalti from total profit.No, that's not right.
i misscalculated. it seems too much works make me dumber
yeah youre righti misscalculated.
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