Mineral Extraction Allowance Law and Legal Definition

Mineral Extraction Allowance (MEA) is the expenditure on mineral exploration and access. It also includes certain costs in acquiring mineral assets. It may be relieved by way of MEA.

The MEA code applies to all mineral extraction activities world-wide, including sand and gravel extraction, hard rock mining, the oil sector and geothermal energy.

Relief under the code is available only to persons carrying on a trade of mineral extraction.

Lessors of mineral bearing land, for example, would not qualify.