FRP

FRP Development Corp / Florida Rock Properties, Inc.

Mining Lands Overview

  • We own 14 properties comprising approximately 15,000 acres currently under lease for mining rents or royalties (not including the Brooksville property - 4,280 acres).
  • Other than one location in VA, all of these properties are located in Florida and Georgia. Based on history, we believe strongly in the future construction growth potential of these two States which directly benefits our potential for increased mining royalties. Additionally, these locations provide us with excellent opportunities for valuable "2nd lives" for these assets as "planned unit development" communities.
  • Our current mining tenants include Vulcan Materials, Martin Marietta and Cemex, among others.
  • Mining royalties are collected on lands where mineable reserves exist. These royalties are based on the greater of (i) a fixed annual minimum royalty charge, or (ii) the volume of tons sold off our lands in a given year multiplied by a percentage of the average annual sales price at which the tons were sold.
  • Mining rents are collected on lands where the reserves have been depleted, but the land still has operational value to the mine operator (e.g., their plant is on our property).
  • We experience no additional costs with increased volumes or prices in this business so additional revenue drops straight to our bottom line.
  • Our total estimated reserves are 415,440,756 tons as of September 30, 2016.

 

Virginia  

  • Manassas—51.26 acres

 

Georgia

  • Forest Park, Clayton Co.—116 acres
  • Tyron, Fayette Co.—97.70 acres
  • Columbus, Muscogee Co.—143 acres
  • Macon, Monroe Co.—459 acres

Florida

  • Newberry, Alachua Co.—1,107 acres
  • Airgrove (Lake Sand), Lake Co.—578 acres
  • Ft. Meyers, Lee Co.—1,993 acres
  • Grandin, Putnam Co.—6,828.07 acres
  • Keuka, Putnam Co.—1,155.12 acres
  • Lake Louisa, Clermont—1,196.44 acres
  • Marion Sand—562 acres
  • Astatula—326 acres
  • Brooksville—159.80 acres

Total Acres - 14,772

 

Copyright © 2017 FRP Development Corp / Florida Rock Properties, Inc. (FRP) All rights reserved Created by Mission

FRP Development Corp / Florida Rock Properties, Inc.

34 Loveton Circle, Suite 200 | Sparks, MD 21152
Phone: (410) 771-4100 Fax: (410) 771-8150
Building Emergency Contact Line: (410) 771-8143