Section 12Part 3 — Leases
Regulations respecting mining leases
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In a mining lease —
the rent may be made to be ascertainable by or to vary according to the acreage worked, or by or according to the quantities of any mineral or substance gotten, made merchantable, converted, carried away or disposed of, in or from the settled land or any other land or by or according to any facilities given in that behalf; and
a fixed or minimum rent may be made payable, with or without power for the lessee, in case the rent, according to acreage or quantity, in any specified period does not produce an amount equal to the fixed or minimum rent, to make up the deficiency in any subsequent specified period, free of rent other than the fixed or minimum rent.
A lease may be made partly in consideration of the lessee having executed, or his agreeing to execute, on the land leased, an improvement authorised by this Law for or in connection with mining purposes.
Defined Terms
mining leaserentacreagemineralfixed rentminimum rentlesseeimprovement