← Interior Federal Register rules

Non-Energy Solid Leasable Minerals Royalty Rate Reduction Process

other · US Department of the Interior · Published 2020-10-26 · Effective 2020-11-25 · 85 FR 67671

Document

Document number
2020-23003
Federal Register citation
85 FR 67671
CFR reference
43 CFR 3500
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of the Interior
Publication date
2020-10-26
Effective date
2020-11-25
Interior docket
LLW0320000 L13300000 PP0000 20X

Abstract

The Bureau of Land Management (BLM) is amending its regulations to revise the process for lessees to seek and for the BLM to grant reductions of rental fees, royalty rates, and/or minimum production requirements associated with all non-energy solid leasable minerals. This final rule streamlines the process for such reductions for non-energy solid minerals leased by the Federal Government and codifies the BLM's authority to issue an area- or industry-wide reduction on its own initiative. Existing regulatory requirements are overly restrictive, inflexible, and burdensome. A report from the Senate Committee on Appropriations on the 2019 Department of the Interior, Environment, and Related Agencies Appropriations Bill encouraged the BLM to work with soda ash producers to reduce the Federal royalty rate, as appropriate. This final rule gives the BLM more flexibility to respond to changing market dynamics and to promote development of the Federal mineral estate when deemed necessary.

Source

Authoritative
Federal Register document
Machine
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