---
kind: "section"
citation: "43 C.F.R. § 3602.13"
title: "43"
number: "3602.13"
heading: "How does BLM measure and establish the price of mineral materials?"
url: "https://uscodex.org/cfr/43/3602.13"
---

# §3602.13. How does BLM measure and establish the price of mineral materials?

- (a) BLM will not sell mineral materials at less than fair market value. BLM determines fair market value by appraisal.
- (b) BLM may periodically reappraise the value of mineral materials not yet removed, and adjust your contract price accordingly. BLM will not adjust the price during the first 2 years of the contract. BLM also will not adjust the contract price during the 2-year period following any adjustment. However, BLM may adjust the price at the beginning of any contract renewal period.
- (c) **BLM measures mineral materials by in-place volume or weight equivalent.** When BLM requires you to measure materials, we may either designate the method you must use or allow you to choose either method. We will verify your results.

## Notes

### Authority

Authority: 30 U.S.C. 601 et seq.; 43 U.S.C. 1201, 1701 et seq.; Sec. 2, Act of September 28, 1962 (Pub. L. 87-713, 76 Stat. 652).

### Source

Source: 66 FR 58901, Nov. 23, 2001, unless otherwise noted.