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TeachMeFinance.com - explain Indian coal lease Indian coal lease A lease granted to a mining company to produce coal from Indian lands in exchange for royalties and other revenues; obtained by direct negotiation with Indian tribal authorities, but subject to approval and administration by the U.S. Department of the Interior. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.