Royalties (coal)

{
  "id": "MLC-T-ENE-002028",
  "term": "Royalties (coal)",
  "field": "Energy",
  "definition": "Payments from a lessee to the lessor, for the use of the lessor’s coal resources. Payments are made in money or in for a stated share of production from the lessor’s mineral deposits. Royalty rates may be expressed as an established minimum, a sliding-scale, or a step-scale. A step-scale royalty rate increases by steps as the average production on the lease increases. A sliding-scale royalty rate is based on average production and applies to all production from the lease.",
  "subject": "Coal",
  "references": [
    "EIA Glossary"
  ],
  "url": "https://mlchart.com/terminology/energy/royalties-coal/"
}