Anyone here know much about Limestone Mining, had it done on your property? - Talk About Marriage
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post #1 of 6 (permalink) Old 01-21-2017, 05:58 AM Thread Starter
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Anyone here know much about Limestone Mining, had it done on your property?

If so... any advice, tips.. what to ask the Representative when he comes...

A coal man came to our house days ago, we weren't home...he is writing up a proposal for our back 25 acres to be limestoned, so he said a # of landowners near us are signed up... I called another competitor in our area and he's going to stop over & asses our land also...

I know the cons... probably mess up the well (pretty common, in the contract to replace it)... the blasting.. large trucks down our roads, could be there for years...breathing in lime dust.. could be sink holes after the fact...

I have googled articles to read.. we can't seem to find anything about the going rates to the landowner ...how this is rated / distributed... he threw a figure out.. conservatively speaking... about $8,000 an acre... someone else said this is low... ??



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Last edited by SimplyAmorous; 01-22-2017 at 05:49 AM.
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post #2 of 6 (permalink) Old 01-21-2017, 06:40 AM
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Re: Anyone here know much about Limestone Mining, had it done on your property?

I need massive quantities of limestone for my plant but I cannot help much on your issue.

I do know different limestone deposits have different calcium carbonate content. In other words some are more pure than others. Have they assessed the quality of your limestone? Your whole area might be the same.

Is your land zoned for that activity?
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post #3 of 6 (permalink) Old 01-21-2017, 07:56 AM Thread Starter
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Re: Anyone here know much about Limestone Mining, had it done on your property?

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I need massive quantities of limestone for my plant but I cannot help much on your issue.

I do know different limestone deposits have different calcium carbonate content. In other words some are more pure than others. Have they assessed the quality of your limestone? Your whole area might be the same.

Is your land zoned for that activity?
Our land was mined for coal in the 60's..... they left it in a mess, with a 50 ft high wall spanning a long stretch in our back yard..... which qualifies for a "Reclaiming"... that's going to happen soon.... that's the other acreage though... but yes... in our area.. our township has Limestone mining going on.. I really need to call some of these people... just haven't taken the time yet...

Whether the assessment of purity is assumed to be THE SAME as down the road from us a couple miles .... I don't know.. or if they need to do more assessments...

Just seeking a list of questions to ask when they come to sit down with us.. thank you 225985!


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post #4 of 6 (permalink) Old 01-21-2017, 08:24 AM
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Re: Anyone here know much about Limestone Mining, had it done on your property?

Try this as a resource to get you thinking about what kinds of questions to ask. Personally, I would consult a lawyer before signing anything to help navigate the contract process.

http://geology.com/articles/mineral-...ore-than-money
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post #5 of 6 (permalink) Old 01-21-2017, 09:02 AM Thread Starter
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Re: Anyone here know much about Limestone Mining, had it done on your property?

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Try this as a resource to get you thinking about what kinds of questions to ask. Personally, I would consult a lawyer before signing anything to help navigate the contract process.

Mineral Rights | Oil & Gas Lease and Royalty Information
Thank you for the article.. this right here is what I am afraid of
Quote:
Mining companies often schedule their equipment and employees years in advance. Or, the mining company might purchase the property as a future "reserve."

It is also possible that the new mineral owner has no intentions of production. They are simply buying the property as an investment. Their goal is to sell the mineral rights to a mining company who will assume the duties of production. Speculators who have no intent to mine purchase lots of mineral properties. They are simply attempting to be "middle men" who acquire valuable property from individual owners and broker those properties to mining companies for higher prices.....
When talking to the guy briefly on the phone (his cell was breaking up badly)... but I swore he mentioned something about paying us $100 a month to hold this contract... I want us to be the ones making the profit - not some "middle man" because we were too ill informed how this often plays out... I guess we'd need a date given on the contract -to hold it..
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post #6 of 6 (permalink) Old 01-21-2017, 09:39 AM
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Re: Anyone here know much about Limestone Mining, had it done on your property?

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Thank you for the article.. this right here is what I am afraid of

When talking to the guy briefly on the phone (his cell was breaking up badly)... but I swore he mentioned something about paying us $100 a month to hold this contract... I want us to be the ones making the profit - not some "middle man" because we were too ill informed how this often plays out... I guess we'd need a date given on the contract -to hold it..
In financial terms he is talking about buying an "option" on your land.It is like the futures market on the stock exchange.Make sure there is a time limit on this,it may seem like a hundred dollars a month for nothing but if someone else offers big money for the mineral deposits on your land you may not be able to sell without paying off the guy with the option and that could cost a fortune.Take legal advice and don't sign for more than eighteen months,two years at most.
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