Expensed mineral exploration, development, land, and rights ($1,000)

{
  "id": "MLC-T-ECS-000662",
  "term": "Expensed mineral exploration, development, land, and rights ($1,000)",
  "field": "Economic statistics",
  "definition": "This term refers to the mineral property expenses associated with the development or exploration of mines. It includes expenses for mineral properties for all supplies, machinery, equipment, parts, fuel, power, and cost of maintenance and repairs that was used for development or exploration and charged as current operating expenses.\n\nTotal mineral property expenses is comprised of four types that were collected for the Mining Industry:\n\n• Expensed mineral exploration, development, land, and rights ($1,000) - This is defined as the sum of the current operating expenses for exploration, development, and mineral land and rights ($1,000) and the current operating expenses for loyalty payments ($1,000), excluding lease rents.\n\n• Current operating expenses for exploration, development, and mineral land and rights ($1,000) - Acquisition and labor costs associated with exploration and development of mineral properties.\n\n• Current operating expenses for royalty payments ($1,000) - Royalty payments are based on a percentage of the minerals or other products produced at the mine or of the revenues or profits generated from the sale of those minerals or other products at the mine related to mineral production.\n\n• Lease rents ($1,000) - Land owners lease of land agreements to grant mineral rights and access to their property for mining purposes. A legal contract for the right to work a mine and extract the mineral or other valuable deposits from it under prescribed conditions of time, price, rental, or royalties.\n\nData are shown in thousands of dollars ($1,000).",
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/expensed-mineral-exploration-development-land-and-rights-1000/"
}