Government To Revise Royalty Rates On Minerals

Government To Revise Royalty Rates On Minerals

Govt puts mineral royalty hike on hold - The Economic Times

Sep 07, 2020· The royalty rate of M-sand (Manufactured sand), an alternative to river sand, was also discussed. It may be noted that it is being included as a new minor mineral. This is also included in the S.O ...

Ghana Delays Mining IPO to Review Royalty Payment ...

Mar 27, 2018· Revision of the DRC's 2002 mining code was concluded by parliament in late January, and signed into law by President Kabila on 9th March 2018 despite intense lobbying by mining companies such as Glencore. The new code introduces various major fiscal and regulatory reforms, including changes to royalty rates, requirements for state ownership share, and […]

Parliament approves five minerals royalty agreements ...

The government will set up an expert group to look into royalty rates, which are due for review next year, for all major minerals other than coal, lignite …

Non-Energy Solid Leasable Minerals Royalty Rate Reduction ...

Mar 10, 2019· Summary: Bhubaneswar (Odisha) [India], Mar 10 (ANI): Chief Minister of Odisha Naveen Patnaik on Sunday requested the Center to expedite the revise of coal royalty's rate from 14percentto 20percentas the state "continues to bear the brunt of the adverse effect of mining on the environment besides increased strain on water resources and infrastructure …

DRC mineral royalty increases with mining code revision ...

Nov 08, 2019· Responding to a media query on Odisha's claim that the state exchequer has already lost Rs 10,000 crore on account of non-revision of royalty on minerals, Prahlad Joshi said, "Since past four years we have introduced District Mineral Fund [DMF] by which all state governments are getting 4.2 per cent, I have brought it to the notice of the Chief ...

Royalty rates - NSW Resources and Geoscience

Jan 21, 2020· Ghana is delaying the sale of $750 million of shares in a gold mining fund as the government reviews the rules and processes that dictate mineral royalty payments, according to people familiar ...

Paying mining royalties - NSW Resources and Geoscience

It applies one of three royalty rates depending on the form in which the mineral is sold (ore, concentrate or final form), and the extent to which it is processed. Specific rate royalties, calculated at a rate per tonne of production, generally apply under the Mining Regulations 1981 to low value construction and industrial minerals.

Western Australia vows to fix royalty rates for industrial ...

The minimum royalty rates for soda ash, along with other non-energy solid minerals on Federal lands are set in the MLA and BLM regulations (see 43 CFR 3504.21). The MLA authorizes the Secretary to establish royalty rates higher than the minimum, along with rental fees and minimum production requirements through regulation.

NOTE ON REVISION OF ROYALTY RATES AND DEAD RENT …

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. Ad valorem royalty - Ad valorem royalty is applied to high value to volume minerals. The base rate applicable for ad valorem minerals is 4% of 'ex-mine' value.

Revision of Royalty Rates of Minerals

Signaling an imminent revision in royalties payable, barring coal, lignite and sand, the Indian government has constituted a study group to review existing rates, recommend any revision …

Centre in no mood to raise coal royalty demand of Odisha ...

Coal Not Subject to Progressive Royalty Rate. The Ministry of Energy and Mineral Resources (EMR) is going to revise Government Regulation No. 9 Year 2012 regarding Types and Rates of the Types of Non-Tax State Revenues Applicable in the Ministry of Energy and Mineral Resources. Based on the revision, progressive royalty rate will be applicable ...

Unpacking the revised and annotated DRC Mining Code

The mines ministry has recently floated a draft cabinet note for inter-ministerial discussion to revise the rate of royalty on minerals such as bauxite and iron ore.

Mineral Royalty : Geology and Mining Unit, Government Of ...

Sep 01, 2020· One area of concern for miners has been the increase in royalty rates for various mineral substances. Article 241 of the Revised Code refers to Article 524 bis of the Revised Decree, which in turn refers to a decree of the Prime Minister for strategic substances and an inter-ministerial order for other mineral substances.

Coal Not Subject to Progressive Royalty Rat - Mining ...

REVISION OF ROYALTY RATES AND DEAD RENT FOR MINERALS (OTHER THAN COAL, LIGNITE, AND SAND FOR STOWING AND MINOR MINERALS) () By its order dated 9th February, 2018, the Ministry of Mines has constituted a Study Group on Revision of Royalty Rates, and Dead Rent for Minerals mentioned in Second and Third Schedule of MMDR Act, …

Government rescinds notification on revision of royalty ...

Nov 08, 2019· Responding to a media query on Odisha's claim that the state exchequer has already lost Rs 10,000 crore on account of non-revision of royalty on minerals, Prahlad Joshi said, "Since past four years we have introduced District Mineral Fund [DMF] by which all state governments are getting 4.2 per cent, I have brought it to the notice of the Chief ...

Centre in no mood to raise coal royalty demand of Odisha ...

The government is worried about the impact of royalty price revision of major minerals even though a meeting of senior officials has concluded that the effect on inflation would be marginal. "The Cabinet Secretariat has told the administrative ministry (ministry of mines) to hold back its Cabinet note on revision of royalty rates for three months.

Orissa demands revision of royalty rate to at least 20 per ...

Depending on the mineral, the royalty rate payable under the Mineral Resources Regulation 2013 is either a percentage of the value of the mineral or a flat rate per tonne.. The current royalty rates are listed below. For any mineral not listed below (that is, a mineral for which there is no specified rate in the Mineral Resources Regulation), the rate is 2.5% of the value and the royalty …

Royalty revision relief for state - The Telegraph

Aug 21, 2014· As per section 9(3) and 9A(2) of the Act, the Government of India may amend and notify the rates of royalty and dead rent for the minerals listed in this Schedule. Such revision can be done not more than once in every three years. The last revision of rates was notified on 13.08.2009.

Government hikes royalty rates on minerals - The Economic ...

Aug 22, 2014· As a result of the Centre's decision to hike iron-ore royalty rates on request of chief minister Dr Raman Singh, Chhattisgarh government is expecting total mineral revenue collection of Rs 4,100 ...

Calculating mining royalty | Business Queensland

A mineral royalty is the price charged by the Crown for the transfer of the right to extract a mineral resource. The price (royalty rate) is prescribed as below. Minerals – Part 7, Section 73, Schedule 6, Mining Regulation 2016; Coal - Part 7, Section 74, Mining Regulation 2016; Petroleum (Onshore) - Part 8, Petroleum (Onshore) Regulation 2016

Govt puts mineral royalty hike on hold - The Economic Times

Geology and Mining unit,Government Of Uttarakhand,Dehradun, India JavaScript must be enabled in order for you to use the Site in standard view. However, it seems JavaScript is either disabled or not supported by your browser.

Mineral Royalties

Some of the mineral rich States like Chhattisgarh, Jharkhand, Karnataka, Odisha, Rajasthan have requested to enhance the rates of royalty for major minerals. The Government has set up a Study Group on revision of rates of royalty and dead rent for major minerals (other than coal. lignite and sand for stowing) on 13.9.2011.