using the following simple formula in which the denominator is the CPI for the first half of 1989 as determined by the Federal Government Bu- reau of Labor Statistics, and the nominator is the CPI for the first half of the year in which the adjustment was made. The formula resulted a correction factor. The correction factor is multiplied by the rental rates set in 1989 to produce the new rental rates. Why is the rental rate for Quarter Section mining claims not ex- actly four times the rate for the Quarter-Quarter Section mining claim? The Legislature required DNR to round off the rental rate to the near- est $5.00. For example; the calculated rental rate for a 40 acre claim of less than 5 years is $41.27 and when rounded to the nearest $5.00 is $40.00. Multiplying $41.27 by 4 results in the actual rental rate for a 160 acre claim to be $165.08 and rounding off to the nearest $5.00 is $165.00. I have already paid my claim rental for the coming year at the previous year rate. Will I automatically lose my claim because I didn’t pay the total amount due for this year? No. By regulation, if it is determined that a miner fails to make a full payment for rent on a mining claim, DNR is required to notify the miner of the deficient payment by certified mail. The miner is then required to make full payment on or before December 2 or 30 days after the receipt of the letter, whichever is later. Additional questions can be answered by DNR representative Lora Eddy at (907) 269-8628 or Kristen Shake at (907) 269-8652, or by email to kristen.shake@alaska.gov.
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