coal leases

A coal lease is a legal agreement between a landowner and a company or individual wanting to extract coal from the land. The landowner grants the rights to access and mine the coal for a specified period, often in exchange for lease payments or royalties based on the amount of coal extracted. This arrangement allows the leaseholder to develop the coal resources while the landowner retains ownership of the surface land, unless otherwise specified. Coal leases are critical in managing resources responsibly and ensuring that extraction is conducted according to regulation and contract terms.