A South African legal and mining term for a mining lease — the right granted by a landowner or government to extract minerals from a defined piece of ground in exchange for payment or royalties. Used in the formal context of South African mining law, particularly in the gold and diamond industries.
The company had held the mynpacht on that stretch of land since the 1890s.
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(South Africa) A mining lease.
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Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
See all Regional & Other slang on Slangora.