Crushing & Grinding Machines

Rates of Royalty

Note The rates of royalty for the State of West Bengal in respect of the minerals except the mineral specified against item number 11 shall remain the same as specified in the notification of the Government of India in the Ministry of Steel and Mines Department...

DoF still hoping to get its way on mining royalty

The royalty comes on top of the corporate income tax excise tax local business tax and other levies paid to indigenous people among others Currently most mines in the Philippines operate outside mineral reservations and do not pay such a royalty Those operating within pay a royalty...

SUBJECT REVISED GUIDELINES ESTABLISHING THE

Excise Tax on Minerals Royalty on Mineral Reservations and to Indigenous Peoples if applicable and local taxes fees and related imposts due to Local Government Units ii After the Recovery Period Contractor shall then pay all applicable taxes fees royalties and other related...

Royalties Active or passive income Grant Thornton

A sentence is said to be written in an active voice if the subject of the sentence performs the action Conversely if the subject of the sentence is the recipient of the action the sentence is written in passive voice As such it is simple to determine if a sentence is written in either active or passive voice by merely identifying if the subject performs or receives the action...

GOK Acts Rules

Karnataka Regulation of Stone Crushers Amended Rules - 2014 KMMCR Amended Rules 2016-17 Draft amend The Karnataka Prevention of Illegal Mining Transportation and Storage of Minerais Rules 2011 Sand Policy 2020 Proceedings in Kannada Sand Policy 2020 Gazette Notification in Kannada KMMCR Amendment Notification date 30062020...

Karnataka BGML may pave way for industries park MECL to

Aug 28 2020 0183 32 At the other end the much disputed premium and royalty stalemate on the richest iron ore mine in Karnataka between the centre and state has been cleared by the two parti...

Mining for Gold in the Philippines Gold Mining Companies

Gold in the Philippines Economics Mining accounted for US 426 billion in exports for the country in 2018It also provided over 200 000 jobs and 257 billion Philippine pesos in tax...

KARNATAKA MINERAL POLICY 2008

to revisit the Karnataka Mineral Policy 2000 11 Karnataka is one of the mineral rich states in India with an area of 192 lakh sqkm covering 29 districts The state has a vast and varied Geological setting right from Precambrian to recent formations with 40 000 Sq Kms of green stone belts endowed with valuable mineral resources like gold...

Paying mining royalties

Mineral non-coal royalti There are two types of mineral non-coal royalty Quantum royalty - Quantum royalty is levied at a flat rate per unit of quantity The rate of royalty is dependent on the mineral being extracted and is generally utilised for low value to volume minerals such as gypsum limestone and clays...

Government hikes royalty rates on minerals

Aug 20 2014 0183 32 Royalty is a tax levied by government on miners in lieu of transfer of ownership rights of min While the government views it as a source of revenue industrialists look at it as part of production costs There are 51 minerals prescribed in the second schedule of MMDR Act 1957 and the rates vary from mineral to mineral...

Royalty rates for iron ore hiked to 15 Raipur News

Aug 22 2014 0183 32 RAIPUR Centre has decided to increase royalty rates for iron-ore from 10 to 15 of the selling price The move is expected to bring about a...

Answering Critical Questions on Mining in the Philippines

Table 1 Key sustainability issues for the mining and minerals sector 10 Table 2 Philippine mineral reserves as of 2016 Source ANZCHAM 12 Table 3 Mining statistics Source MGB 2018 14 Table 4 Government revenues from mining 18 Table 5 MGB data on taxes from Mining Caraga Region 40 Table 6 Taxes fees and royalties paid from 2013-2017...

PHILIPPINE ENVIRONMENT LAWS

A ten per centum 10 share of all royalties and revenues to be derived by the government from the development and utilization of the mineral resources within mineral reservations as provided under this Act shall accrue to the Mines and Geosciences Bureau to be allotted for special projects and other administrative expenses related to the exploration and development of other mineral...

Mining duties royalties and taxes in Philippines

Jul 04 2019 0183 32 Mining operations within mineral reservations are subject to a royalty paid to the MGB that shall not be less than 5 per cent of the market value of the gross output of the minerals or mineral...

GST on royalty paid in respect of mining lease

Apr 26 2019 0183 32 Section 9 of the Mines and Minerals Development and Regulation Act 1957 mandates NMDC to pay royalty 15 Apart from this section 9B and 9C of the said Act mandates that NMDC shall contribute 30 of royalty to District Mineral Foundation Constituted on State level and 2 of royalty to National Mineral Exploration Trust NMET...

Big Boost To Iron Ore Mining In Karnataka NMDC Will

Dec 05 2020 0183 32 In a big boost for iron ore mining in Karnataka the activity is set to resume at Donimalai mines after it was shut down for almost two months reports Economic Tim The National Mineral...

Mineral Reservations Philippine Mining Development

Mineral Reservations are established by the President of the Philippines when the national interest so requires upon the recommendation of the Director of the Mines and Geosciences Bureau MGB through the Department of Environment and Natural Resources DENR Secretary...

Karnataka sees buoyancy in royalty from minerals Deccan

The Karnataka government has seen buoyancy in the collection of royalty from the sale of minerals during the first eight months of the current financial year The state has raked in royalty...

Mineral royalties

The declaration of a new mine applies for a period of 5 years The reduced royalty commences from the date the first royalty is due and payable The reduced royalty rate will apply for a maximum period of 10 consecutive 6-month returns The reduced royalty for a new mine is currently set at a rate of 20 of the value of the mineral...

Reservation Of Rights In A Deed Timber Mineral Water

The proper way to reserve a royalty or interest in minerals is to use the descriptive term reserve reserves or reserved if the intent is to reserve a mineral interest or royalty in a grantor seller If a prior royalty or mineral right is being described the proper term to use is subject to the prior reservation of mineral rights or royalty...

SC says no to royalty on excavated earth for laying

Dec 05 2014 0183 32 The Supreme Court has held that the government is not entitled to any mining royalty if a developer excavates land for laying foundation of a building thus rejecting the Maharashtra government...

Odisha tops mineral production royalty collection Rs

Nov 05 2020 0183 32 The royalty accrual from minerals which was Rs 3 41373 crore in 2015-16 saw a more than double jump to Rs 7 58149 crore in 2018-19 Karnataka 14 pc Jharkhand 11 pc while remaining 7 pc...

Royalty Rates of Minor Minerals Official Website of

Revision in Rate of Royalty For Minor Minerals dtd 05032018 Amendment in Rate of Royalty For Minor Minerals dtd 31122012 Amendment In Rates Of Fees Change Of Head Etc For Minor Minerals 29-1-2013 Distribution of Royalty Received By Minor Mineral to Panchayat and Nagriya Nikaye for The Year 2013-14 2014-15...

Government Orders / Circulars

Kerala Minor Mineral Concession Amendment Rules 2016-Consolidated Royalty Payment System for Granite Dimension Stone and revision of royalty for granite dimension stone Year 2015 GO Industries A GO P No 175/2015/ID dated 221215 SRO 875/2015...

Taxes on Royalty Payments in the Philippines

Taxation on Royalty Payments The top tax rate for corporations that collect royalties is 30 plus a 12 value-added tax That typically applies to active royalties which the business actively pursu In contrast if your business collects royalties as passive income the tax rate is usually only 20...

Revenue Sharing in Mining Insights from the Philippine

minerals while the company does the extraction Reve- nue sharing is thus a critical component of this partner- ship and is the starting point of cost-benefit analysis for mining Like other mining countries the Philippines lev- ies taxes royalties and other fees to mining firms operat- ing within its borders Using macro-level and firm-level...

Mines Mineral Properties and Mining Claims For Sale

Gold Silver Mines for Sale Lease and Joint Venture including small and large projects Patented BLM Claims Turnkey Projects and Prospector claims...

Centre to set up panel to examine issues on royalty rates

Jan 13 2020 0183 32 NEW DELHI The Centre has decided to set up an 11-member panel including mines secretaries from various states to examine issues pertaining to the revision of rates of royalty for minerals The members of the panel includes mines secretaries from the states like Telangana Chhattisgarh Jharkhand Karnataka Madhya Pradesh and Odisha The Mines Ministry has decided...

Package 2 Mining Taxes Comprehensive Tax Reform

Salient features of mining taxation Retain existing impositions such as corporate income tax excise tax and ancestral domain royalty and local business tax Impose royalty on all metallic and non-metallic minerals small- and large-scale mines whether inside or outside mineral reservations Retain the 5 royalty on gross output for mines located inside a mineral reservations...

Notifications Department of Mining and Geology

Notification dated 11th July 2017 - Meghalaya Minor Minerals Concession Rules 2017 32 KB 11th July 2017 Notification dated 28th September 2010 - State Government Notification for rates of Royalty on Major Minerals 93 KB 28th September 2010 Notification dated 21st August 2009 - State Government Notification for Royalty on Coal 88 KB...