mining royalties definition

2021-03-26T23:03:15+00:00
  • Mining royalties: in focus Norton Rose Fulbright

    Typically a royalty is granted in the following ways: as part of the consideration paid to land owners (either private or public entities) for the mining rights or the... in exchange for capital or as a result of converting some other interest into a royalty, such as a joint venture interest or ...

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  • Mining Royalties - ISBN: 0821365029

    application of royalties and their relation to the overall taxation regime. It is a topic of great interest to the countries where the World Bank is work-ing with governments to try to encourage new investment in mining while simultaneously ensuring that adequate and fair taxation is practiced.

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  • Mineral royalties and other mining- specific taxes

    The term mineral royalty has traditionally been applied in mining legislation when referring to specific, ad valorem and, in some cases, mining taxes based on an accounting profit base. In effect, all of the forms set out above are alternative ways for governments to appropriate economic rents unique to mining and

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  • Mineral Royalties - Department of Mines, Industry ...

    Under the Mining Act 1978, royalties are payable on all minerals. However, the definition of ‘mineral’ excludes the following where they occur on private land: limestone, rock or gravel shale, other than oil shale; sand, other than mineral sands, silica sand or garnet sand; clay, other than Kaolin, bentonite, attapulgite, or montmorillonite.

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

    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 Act”) regulates the imposition and calculation of mining royalties. Mining royalties are deductible for income tax purposes.

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

    Mining royalties can be imposed at the national level or provincial/state level of government. In most countries, the mining royalty rates vary by type of mineral. In countries where the state or province assesses and collects the royalty, the local royalty rate can vary by

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  • Mineral royalties - Department for Energy and

    The Mining Act 1971 requires royalty payers with an annual royalty liability greater than (or expected to be greater than) $100,000 to make monthly royalty payments. Annually in March, the Treasurer issues a Notice of Assessment to all royalty payers subject to this provision.

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  • Mineral Royalties - Department of Mines, Industry ...

    Under the Mining Act 1978, royalties are payable on all minerals. However, the definition of ‘mineral’ excludes the following where they occur on private land: limestone, rock or gravel shale, other than oil shale; sand, other than mineral sands, silica sand or garnet sand; clay, other than Kaolin, bentonite, attapulgite, or montmorillonite.

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  • Paying mining royalties - NSW Resources and

    Royalties are collected by the Office of State Revenue. The collection of mining royalties is based on 'self assessment' which means it is the responsibility of the mining lease holder to calculate, pay and lodge their returns by the due date. For more information download the Royalties factsheet about the collection of royalties.

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  • Mineral royalties - Department for Energy and

    Part 1 of the Mining Regulations 2020 provides guidance as to minerals mined for a prescribed purpose that are excluded from the definition of extractive minerals: (a) chemical, cement, lime and glass manufacture; (b) metallurgical flux, refractories and industrial fillers; (c) foundries, fertiliser, agricultural, jewellery and crafted ...

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  • Royalties for mining and resources Business

    Royalties for mining and resources. Learn more about when you are required to pay royalties to comply with your resource authority. Draft royalty ruling. Comments are now open on the draft royalty ruling on flared or vented petroleum (PGA002). Paying mining and petroleum royalties.

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  • Internal Revenue Service

    Mining Industry Overview 10 9/19/2007 operating interests, royalties, overriding royalties, net profits interests, and, to the extent not treated as loans under section 636, production payments." Royalties and Other Lease Payments A mineral royalty represents a right

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  • Net smelter return - Wikipedia

    Net Smelter Return (NSR) is the net revenue that the owner of a mining property receives from the sale of the mine's metal/non metal products less transportation and refining costs. As a royalty it refers to the fraction of net smelter return that a mine operator is obligated to pay the owner of the royalty agreement. The royalty is paid in variable or fixed payments based on sales revenue ...

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  • ROYALTY Definition of ROYALTY by Oxford

    ‘It's been under lease to the mining giant since the late 1960s, and the traditional owners receive royalties, even though the lease predates the Land Rights Act.’ ‘After all, we must not forget that finally it is the Crown that owns the minerals themselves, and it is the Crown that gives the mining companies the right to extract those minerals in exchange for royalties, etc.’

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  • A look at gold royalty companies - MINING.COM

    They hold over 200 mineral royalties and streams as well as over 200 oil and gas royalties. Franco-Nevada has a strong balance sheet with a cash position of over $794 million ($5.50 per share) at ...

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  • Royalties: What is Royalties? Taxes Glossary,

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  • Mining Law 2021 Laws and Regulations USA ICLG

    09-10-2020  USA: Mining Laws and Regulations 2021. ICLG - Mining Laws and Regulations - USA covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights – in 15 jurisdictions.

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  • Mineral royalties - Department for Energy and

    Part 1 of the Mining Regulations 2020 provides guidance as to minerals mined for a prescribed purpose that are excluded from the definition of extractive minerals: (a) chemical, cement, lime and glass manufacture; (b) metallurgical flux, refractories and industrial fillers; (c) foundries, fertiliser, agricultural, jewellery and crafted ...

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  • Royalties for mining and resources Business

    Royalties for mining and resources. Learn more about when you are required to pay royalties to comply with your resource authority. Draft royalty ruling. Comments are now open on the draft royalty ruling on flared or vented petroleum (PGA002). Paying mining and petroleum royalties.

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  • Oil, Gas, and Mining Fiscal Terms Natural

    Most royalties are either ad valorem (based on a percentage of the value of output, e.g., 5% of the value of the minerals produced) or per unit (based on a fixed amount, e.g., $10 per ton). When examining the likely financial impact of a royalty, it’s important to consider not just the percentage or per-unit value, but also the base against which that figure will be applied.

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  • CW report highlights flaws in the mining royalties

    Corruption Watch’s 2018 Mining Royalties Research Report highlights the complexities and challenges in the management and distribution of mining royalties to people living in mine-affected communities, the majority of whom remain without any tangible benefits. Our case studies brought to light some of the widespread abuse, corruption and unethical practices that have filtered into the mining ...

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  • A look at gold royalty companies - MINING.COM

    They hold over 200 mineral royalties and streams as well as over 200 oil and gas royalties. Franco-Nevada has a strong balance sheet with a cash position of over $794 million ($5.50 per share) at ...

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  • Yukoners, First Nations benefit little from mining ...

    Low royalties are something of a sore spot for many in Yukon, including members of the public, First Nations and miners themselves, who argue their industry provides the territory with a cascade of economic benefits not necessarily reflected by royalties. In order for mining to remain sustainable and profitable and continue to have social buy ...

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  • Trident Royalties dips toe into lithium - Mining

    Resource definition 07 APR 2021. Marimaca hits 116m of chalcopyrite. Discovery 07 APR 2021. Brazil staggers into a new crisis. ... Mining-royalties; related articles. Trident aims to fill royalty ...

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  • mining royalties - Page 1 MiningNews

    The latest mining royalties articles from MiningNews - Page 1

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  • Constitutionality of GST on royalties for mining

    P ayment of royalties to the relevant governments is a common feature across the entire spectrum of mining leases in India (and across the world), irrespective of the type of mineral.. Sudipta Bhattacharjee Partner Advaita Legal. Since the expansion of the concept of taxable service under the erstwhile service tax regime (vide introduction of a negative list-based regime in 2012 and ...

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  • Mining Law 2021 Laws and Regulations USA ICLG

    09-10-2020  USA: Mining Laws and Regulations 2021. ICLG - Mining Laws and Regulations - USA covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights – in 15 jurisdictions.

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