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Current as of January 02, 2025 | Updated by Findlaw Staff
|
Commodity |
Minimum royalty rate |
|---|---|
|
(a) Phosphate |
5% of gross value of the output of phosphates or phosphate rock and associated or related minerals. |
|
(b) Sodium |
2% of the quantity or gross value of the output of sodium compounds and related products at the point of shipment to market. |
|
(c) Potassium |
2% of the quantity or gross value of the output of potassium compounds and related products at the point of shipment to market. |
|
(d) Sulphur |
5% of the quantity or gross value of the output of sulphur at the point of shipment to market. |
|
(e) Gilsonite |
No minimum royalty rate. |
|
(f) Hardrock Minerals |
No minimum royalty rate. |
|
(g) Asphalt |
25 cents per ton (2,000 pounds) of marketable production. |
Cite this article: FindLaw.com - Code of Federal Regulations Title 43. Public Lands: Interior § 43.3504.21 What are the minimum royalty rates? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-43-public-lands-interior/cfr-sect-43-3504-21/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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