Friday, November 25, 2011 2:59:55 PM
Surface rents are very small and can be as little as $100 a year as all you are leasing is a part of the bank that the dredge will operate from.
A dredge licence is $5000 a year.
The chief usualy gets the mining licence as Locals pay less than foreigners but there is a loophole that if you have a Dredge licence nobody asks for a mining licence.
The deal with the chief is usualy that the comunity gets 20% to 30% of the PROFITS.
Hope is of some help.
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