A mining claim is a legal right granted by a government to individuals or companies allowing them to explore for and extract minerals from a specific area of land. In many jurisdictions, such as the United States, Canada, and Australia, mining claims are typically obtained through a process of staking a claim on the land and fulfiling certain requirements, such as performing exploration work or paying fees. Once a mining claim is granted, the holder typically has the exclusive right to explore for and extract minerals from the specified area, subject to compliance with applicable laws and regulations. Mining claims are often associated with valuable mineral resources such as gold, silver, coal, or precious stones, and they play a significant role in the mining industry worldwide.
n. a description by boundaries of real property in which metal ore and/or minerals may be located. A claim on public land must be filed with the Bureau of Land Management or other federal agency, and the claim must be “worked” by being mined or prepared for mining within a specific period of time.
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This glossary post was last updated: 29th March 2024.
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