43 C.F.R. § 3511.15
How long will my lease be in effect?
| Commodity | Initial Term | Period of Renewal or Readjustment |
|---|---|---|
| (a) Phosphate | Indeterminate | Subject to readjustment at the end of each 20 year period. |
| (b) Sodium | 20 years | Can be renewed for 10 years at the end of the initial term and for following 10 year periods. |
| (c) Potassium | Indeterminate | Subject to readjustment at the end of each 20 year period. |
| (d) Sulphur | 20 years | Can be renewed for 10 years at the end of the initial term and for following 10 year periods. |
| (e) Gilsonite | 20 years and for as long thereafter as gilsonite is produced in paying quantities | Subject to readjustment at the end of each 20 year period. |
| (f) Hardrock Minerals | not to exceed 20 years | Can be renewed for 10 years at the end of the initial term and for following 10 year periods. |
| (g) Asphalt | 20 years | Can be renewed for 10 years at the end of the initial term and for following 10 year periods. |
Notes of Decisions
Cited in 1
case (1 in the last 5 years), 2023–2023 · leading case: Twin Metals Minnesota LLC v. United States of Am. (D.D.C. 2023).
Twin Metals Minnesota LLC v. United States of Am. (D.D.C. 2023). “43 C.F.R. § 3511.15 (f), the only cited regulation or statute that discusses lease renewals, provides that leases are subject to discretionary renewal.”
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