Journal of the Korean Society of Mineral and Energy Resources Engineers, Vol.57, No.1. PwC. 300 0 obj <>/Filter/FlateDecode/ID[<45DE5C43BD0B3B49820A8B1937BF7027>]/Index[283 30]/Info 282 0 R/Length 86/Prev 604801/Root 284 0 R/Size 313/Type/XRef/W[1 2 1]>>stream Mineral royalties have traditionally been considered a form of compensation to the community for the depletion of non-renewable resources. Business Reporter REVENUE from mining royalties has, in the first half of 2017, gone up by 22.84 percent to $34.27 million against a target of $27.9 … Please authenticate by going to "My account" → "Administration". 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. The ideal entry-level account for individual users. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, Combined revenue of the top mining companies 2002-2019, Operating expenses of the top mining companies 2002-2019, Net profit of the top mining companies 2002-2019, Net profit margin of the top mining companies 2002-2019. Please contact us to get started with full access to dossiers, forecasts, studies and international data. The Iduapriem plant which belongs to AngloGold Ashanti Accra, Ghana — MININGREVIEW.COM — 14 April 2008 – The chief executive of the Ghana Minerals Commission, Mr. Benjamin Aryee, has revealed that international mining companies will soon be mandated to pay more than the current 3% in royalties to the West African government.. 0 Dollars per Ounce)*. You need at least a Single Account to use this feature. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). This feature is limited to our corporate solutions. Corporate solution including all features. Latin American Countries 91 3.8 Summary of Royalty Practices in Selected North American Jurisdictions 95 3.9 Ownership and Output of Chilean Copper Mines, 2003 123 3.10 Exposure to Risk with Periodic Mineral Royalties 125 3.11 Private Party Mineral Royalties in South Africa, 1990–2004 130 3.12 Differences between State and Private Mineral Filter 1 mining claim owners named gold standard royalty by country, relationship, and category. However, Mexico has had proposals to impose mining royalties and there is uncertainty whether mining royalties will be enacted. Clearly, mining companies should consider whether a particular country Although the report only focused on two provinces, Corruption Watch said it believed that corruption involving mining royalties was widespread and replicated throughout the country. As a Premium user you get access to the detailed source references and background information about this statistic. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook h�bbd``b`� Namibia's royalty rates range from 2%-10% of the sales value. New, Figures and insights about the advertising and media world, Industry Outlook New, Everything you need to know about the industry development, Find studies from all around the internet. You need a Single Account for unlimited access. (October 30, 2013). A royalty is a usage based tax which is calculated as a percentage of the gross fair market value of minerals produced and not quantity. It is an economic compensation paid to the State (as the owner of the minerals) by the mining operator for the exploitation of "Major countries based on gold mining royalty rate in 2012 (in U.S. dollars per ounce)*." In, PwC. Previously, mineral royalties were taxed at 6%, after being doubled in 2011. Mineral rights are the ownership rights to underground resources such as oil, silver, or natural gas. 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