Mineral Resources: Mineral Volume, Value, and Revenue

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Our Price: $25.00

By Anne-Marie Fennell (au)
Year: 2012
Pages: 50
Binding Paperback
ISBN 978-1-4578-4205-4

Product Code: 145784205X

Description

The Dept. of the Interior (Interior) administers minerals found in over 700 million acres of federal lands, 57 million acres on Indian lands, and 1.8 billion acres below offshore waters. Operators who lease these lands and extract these minerals pay billions of dollars annually that are shared among federal, state, and Indian tribal governments and are one of the largest nontax sources of revenue to the federal government. Some of these minerals, such as oil, gas, and coal, are available through leases requiring payments in the form of rents and bonuses, which are required to secure and maintain a lease, and royalties, which are based on the value of the minerals that are extracted. These minerals are generally known as leasable minerals. This report provides information on the (1) volume and dollar value of leasable minerals extracted from federal lands and waters in FY 2010 and 2011; (2) amount the federal government collected for leasable minerals in royalties, rents, bonuses, and other revenue and how this amount was calculated; and (3) availability of data on the volume and dollar value of hardrock minerals extracted from federal lands in FY 2010 and 2011. Tables and figures. This is a print on demand report.

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