mining lease
nounUK /ˈmaɪnɪŋ liːs/
US /ˈmaɪnɪŋ liːs/
A mining lease is a special permission that lets someone dig for minerals in a certain area.
The company signed a mining lease so it could look for gold in the hills.
OTHER MEANINGS
2. A legal contract that gives a person or company the right to mine on land owned by someone else for a set time.
Under the mining lease, the landowner receives a share of the profits.
3. The document that records the terms and conditions of mining rights.
She kept the mining lease in a safe place with the other papers.
4. A government-granted right to explore and extract resources from a specific plot.
The council approved the mining lease after a long review.