BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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mineral right
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doctrine of capture
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Detailed explanation-1: -Owning mineral rights (often referred to as a “mineral interest” or a “mineral estate") gives the owner the right to exploit, mine, and/or produce any or all minerals they own.
Detailed explanation-2: -A mining rights holder is required to obtain surface rights over the area or obtain the consent of the owner to start prospecting or mining operations. In relation to government-owned land, the selected bidder is granted surface rights by the government authorities.
Detailed explanation-3: -What is the difference between subsurface and surface rights? Subsurface rights refer to the minerals, oil, and gas beneath the surface of the land. Surface rights refer to the right to use and occupy the surface of the land. The surface estate owner may or may not also own the subsurface estate.