Two decades - old pieces of legislation — the Mineral Leasing Act of 1920 and the Mineral Leasing Act for Acquired Lands of 1947 — give the Department of the Interior's Bureau of Land Management responsibility for minerals leasing on more than 550 million acres of federally owned public lands, as well as state and private lands where mineral rights have been acquired by the federal government. (scientificamerican.com)
Harstad suggested that governments would have deeper pockets and more political leverage to negotiate with owners of mineral leases, especially in developing countries where natural resources are publicly owned by governments or through tightly held national corporations. (scientificamerican.com)
The term bonus bids means all funds received by the Secretary to issue an outer Continental Shelf minerals lease. (govtrack.us)