Mineral Royalties: Royalties in the Western States and in ...

Pursuant to a congressional request, GAO: (1) reviewed how western mineral-producing states share the proceeds from nonfuel minerals extracted from their public lands; and (2) provided information on how Australia, Canada, and South Africa share the proceeds from minerals mined in those countries.

Coal Mining Industry Indonesia: Higher Royalties for IUP ...

The government of Indonesia plans to raise royalties for coal mining companies that hold a Mining Business Permit (Izin Usaha Pertambangan, abbreviated IUP) by revising Government Regulation No. 9 - 2012 on Tariff and Types of Non-Tax Revenue in a move to generate more state income.

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SOUTH AFRICA - MINING AND PETROLEUM ROYALTIES - THE ...

SOUTH AFRICA - MINING AND PETROLEUM ROYALTIES - THE IMPOSITION AND CALCULATION By BETSIE STRYDOM (Director in the Tax Practice of the Corporate Department of BOWMAN GILFILLAN) The imposition of mineral and petroleum royalties ("mining royalties") in South Africa commenced on 1 March 2010 1 The Mineral and Petroleum Resources Royalty Act 28 of 2008 (the "Royalty …

Leading countries based on gold mining royalty liability ...

Major countries based on gold mining royalty rate in 2012 (in U.S. dollars per ounce)* This statistic depicts major countries based on their gold mining royalty liability rate in 2012.

Tables on the Structure and Rates of Main Taxes | …

Resource tax rate for mining companies 15.0% of taxable income 15.0% of resource income (commencing January 1, 2007, the resource rate is the same as the general rate)

Mineral and Petroleum Resources Royalty - SARS

The rate for the royalty is determined according to a formula contemplated in subsections (1) and (2) of section 4 of the Mineral and Petroleum Resources Royalties Act, 2008 and differentiates between the refined and unrefined conditions of the mineral resource, and are currently as follows –

Is Alaska getting its fair share from mining? - Anchorage ...

Alaska taxes companies mining on state lands, but the tax structure has hardly changed since 1955. With the proposed Pebble Mine on the horizon, we look at the mining tax law.

Corporate income taxes, mining royalties and other mining ...

the mining royalty rate is not one fi xed tax rate according to type of mineral but instead the rate increases when the operating profi t increases it. In general, royalties are typically deductible in most countries for purposes of determining profi ts for corporate income taxes. The trend is that countries have increased royalty rates in recent years. For example, the People's Republic ...

Mining Royalties and Taxation, the Chilean Experience

Mining Royalty and Taxation, the Chilean Experience The Nitrate Experience in Chile • By the end of the 19th Century, the nitrate wealth generated an unusual

The ASIA Miner - Indonesian coal royalty increase postponed

Indonesian coal royalty increase postponed The ASIA Miner reports important mining news to mining companies in the Asia Pacific region ... Indonesia produced 202.7 million tonnes of coal, which was a 17.4% decline from the production rate in the same period of 2014. Coal exports fell 17% to 164.1 million tonnes over the same period. Despite the royalty decision, the Indonesian Coal Mining ...

Indonesia Plans to Raise Coal Royalties by End of First ...

2015-02-13· The new rates will apply to companies holding a Mining Business License, known as IUP, which accounts for 25 percent of Indonesia's total coal production forecast at 425 million tons this year ...

Tag: Coal Royalties | Indonesia Investments

10 June 2015. Conditions remain tough for Indonesian coal miners in the post-2000s commodity boom. Plagued by low global coal prices since 2008, Indonesian coal miners first raised production rates in order to maintain healthy balance sheets (hence exacerbating the supply glut and putting more downward pressure on coal prices).

Mining Royalties and Taxes - Government of …

Mining Royalties and Taxes These information circulars will help royalty and tax payers understand the regulations that govern royalty and tax calculations for Saskatchewan minerals. Coal

Taxation and Investment in Indonesia 2017 - Deloitte US

Indonesia Taxation and Investment 2018 (Updated December 2017) 3 Indonesia's main financial centers are Jakarta, Semarang, Bandung and Surabaya (on the main island

Mineral royalties and other mining- specific taxes - IM4DC

4 MIneral royaltIes anD other MInIng-speCIfIC taxes MIneral taxes Mineral royalty and tax types and their characteristics As special taxes for the mining sector are, in principle, directed at

Ghana increases mining royalties | Miningreview.com

its royalty rates Accra, Ghana --- MININGREVIEW.COM --- 31 May 2011 - Ghana "' Africa's second-biggest gold producer "' began charging a fixed 5% royalty rate to mining companies operating in the West African country in a bid to boost government earnings from the industry.

Mining Taxation – Overview of Recent Trends - PwC

1) Mining royalty based on a measure of operating margin (progressive incremental marginal rates increase from 1% to 12%; mining royalty deductible for CIT purposes; the royalty …

Mining Royalties - ISBN: 0821365029 - World Bank

3.2 Effective Tax Rate vs. Contribution of Mining to GDP for 24 International Mining Jurisdictions 119 4.1 Cumulative NPV Using $1.05 per Pound Copper 175 4.2 Cumulative NPV Using Cyclical Copper Pricing 177 5.1 Correlation between Mineral Royalties and Effective Tax Rates in South Africa 222 5.2 Employee Numbers, Tonnes Milled, and Average Grade Milled in South African Gold Mines 225 …

Brazil's Congress approves higher mining royalties ...

Brazil's lower house passed a bill that would boost royalty rates on iron ore by 75%, as both houses voted in a win for President Michel Temer's reform agenda.

Peru Mining and metals tax guide May 2017 - EY

company must always pay at least the minimum royalty rate of 1% of sales, regardless of its profitability. Special mining tax The SMT is a new tax imposed in parallel with the MMR.

Quebec's proposed mining royalty rate hikes not as harsh ...

After months of threats, the Quebec government proposed increases to the province's mining royalty rates on Monday that are not as harsh as many in the industry feared.

Analyzing Royalties and Royalty Companies | Resource …

2010-12-14· A royalty is a payment to a property interest holder by the majority owner or operator usually based on the amount of mine production (e.g. flat rate royalty of $10/tonne), the value of production (e.g. 2% of sales less certain costs - net smelter return), or the net revenue/profit generated from production (e.g. 5% of net profits). There is also the fixed price metals purchase royalty stream ...

Mining in Indonesia - PwC

Government's stated plans to raise royalty rates; and a downturn in commodity prices. With respect to divestment rules, the Government has attempted to provide some relief through a new Government Regulation (Peraturan Pemerintah, or "GR") which extends the divestment period and provides different divestment thresholds for mining companies which undertake underground and open pit mining ...

Mining Taxation in Canada | Natural Resources Canada

Mining Taxation in Canada The mining industry is a highly cyclical and capital-intensive, with a long lead time between initial investment and commercial production. Accordingly, the federal and provincial income tax and provincial mining tax systems treat exploration and other intangible mining …

Mining Law 2019 | Laws and Regulations | Indonesia | ICLG

Mining law in Indonesia is governed by the Law on Mineral and Coal Mining No. 4 of 2009, dated 12 January 2009 ("Mining Law"). The Mining Law provides general provisions regarding coal and mineral mining activities in Indonesia. Further, a number of implementing regulations have been subsequently enacted by the Government (both central and regional) as an implementation of the provisions ...

Mining & Metals Resource nationalism update - February 2015

Indonesia plans to increase coal-mining royalties to support an increase in state revenue. The coal royalty will rise from 3% to 7% of total sales for coal with calorific content of less than 5,100 kilocalories per kilogram. Coal with calorific content of between 5,100–6,100 kcal/kg will see an increase from 5% to 9%. The royalty for coal with over 6,100 kcal/kg calorific content will ...

Indonesia may require miners to pay share of after-tax ...

Indonesia is revamping its tax code for metal miners as part of a broader shift to a system of special mining permits, which will replace existing mining contracts.