Indonesia to revise royalty rates on coal, gold in bid to
Jan 15, 2021· Indonesia plans to adjust its royalty payment policies on sales of gold and coal in an effort to boost state revenues as prices of the two commodities recover, an official said on Friday. The
Royalty for Coal Mining Under Study Migas-Indonesia
Jun 14, 2005· Highly placed sources in the Government told Business Line that the Planning Commission too had indicated that an ad valorem-based royalty structure on coal mining as compared to the present one would work in favour of the coal-producing States.
Mines on tax honeymoon - The Namibian
Apr 26, 2019· Mining companies in Namibia pay corporate tax at a much higher rate than non-mining entities. Diamond companies are subject to an effective 55% corporate tax rate, while non-diamond mining
Indonesia Overview - World Bank
Apr 06, 2021· Today, Indonesia is the worlds fourth most populous nation, the worlds 10th largest economy in terms of purchasing power parity, and a member of the G-20. Furthermore, Indonesia has made enormous gains in poverty reduction, cutting the poverty rate by
Indonesia to charge higher coal mining royalties under
Jun 20, 2019· Under the proposals, royalties on coal sales to central government would rise to 15% from 13.5%, Bambang Gatot Ariyono, the ministrys Director General of
Progressive Royalty Rate for Gold, Silver, and Copper
Progressive Royalty Rate for Gold, Silver, and Copper. Revision to 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 which provides for the progressive royalty rate for gold, silver, and copper commodities has been submitted to the Ministry of Finance and the
Indonesian Government Raises Royalty Fees in the Coal
Jun 13, 2013· Previously, the government used two different sets of royalty fees: one for smaller IUP holders (3.5 to 7.0 percent) and one for the larger coal miners (10 to 13 percent).
Profitability and royalty rates across industries: Some
the relationship between royalty rates and profitability. Goldscheider defines the 25 percent rule as the licensee paying a royalty rate equivalent to 25 percent of its expected profit for the product that incorporates the iP at issue . The authors found that the reported royalty rates across industries do not
World Mining Data 2020
World Mining Data 2020 3 Preface Raw materials are the lifeblood of the economy. The sufficient supply of mineral raw materials under fair market conditions is an essential basis for a sustainable and well-functioning economy. Although the geological availability of minerals is relatively high,
Rates of Royalty
May 08, 2021· 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 of Mines) number G.S.R. 458(E), dated the 5th May, 1987.
Mining in Indonesia: Investment and Taxation Guide
Indonesia is a leading player in the global mining sector. Indonesia ranks first in tin production, third in coal production after China and Australia, fourth in copper production after Canada, Chile, and the United States, fifth in nickel production, and seventh in gold production. Indonesia hosts a
Grasberg mine - Wikipedia
The Grasberg mine is the seventh-largest gold mine and the second-largest copper mine in the world. It is located in Mimika Regency, Papua, Indonesia near Puncak Jaya, the highest mountain in the country.It has 19,500 employees. It is operated by PT Freeport Indonesia (PT-FI) which used to be 90.64% owned by Freeport-McMoRan (FCX), including 9.36% owned through its wholly owned
Indonesia Tax Guide 2018 - Deloitte
Cambodia, Guam, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam was established to deliver measurable value to the particular demands of increasingly intra-regional and fast growing companies and enterprises. Comprising 340 partners and 8,800 professionals in 25 office locations,
Explainer: New rules in revised Mining Law - Business
May 14, 2020· The revised law says the giants, which have been paying higher royalty rates than regular miners, may continue operations for 20 more years based on special mining
Indonesia Raises Nickel Royalty from 5% to 10% - The
Dec 10, 2019· In details the government will put royalty for nickel ore 10 percent, and pig iron 5 percent. While nickel matte, ferro-nickel, nickel oxide hydroxide and MHP 2 percent. High tariffs are also charged for manganese ore which reached 10 percent. As known, Indonesian government planned to ban nickel ore starting January 2020.
Indonesia Plans to Raise Coal Royalties by End of First
Feb 13, 2015· The new rates will apply to companies holding a Mining Business License, known as IUP, which accounts for 25 percent of Indonesias total
Royalty Rates Royalty Rate Database RoyaltyRange
Royalty rates for various types of intangibles, e.g. trademarks, trade names, patents, know-how and others can be found there. OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (Chapter III, Section A.4.3.1, paragraph 3.30) identifies that there are various sources of information that can be used to identify
About Mining and Minerals Bureau of Land Management
Mining Law of 1872 The federal law governing locatable minerals is the Mining Law of 1872 (May 10, 1872), which declared all valuable mineral deposits in land belonging to the United States to be free and open to exploration and purchase.
Copper Archives - MINING.COM
May 05, 2021· Low carbon world needs $1.7 trillion in mining investment. Chiles lower house approves a progressive royalty on sales topping out at 75% at today's copper price. Bloomberg News
Taxation and Investment in Indonesia 2017
Indonesia Taxation and Investment 2018 (Updated December 2017) 3 Indonesias main financial centers are Jakarta, Semarang, Bandung and Surabaya (on the main island of Java), Medan and Palembang (on the island of Sumatra), Denpasar (in Bali) and
HOW TO VALUE A GOLD MINING COMPANY (DOWNLOAD
Dec 25, 2020· Sometimes, mines have a royalty obligation, which is common when a land owner sells the property to a mining company. The most common type of royalty is Net Smelter Royalty (NSR), which is a percentage of recovered gold. At this mine, there is a 3.0% NSR royalty
MINING: Mozambique - Country mining guide
4 Mozambique Country mining guide Country snapshot 1CIA: The World Factbook, accessed on 21 July 2012 2Mozambique, CASA Mining, accessed on 1 June 2012 3Mozambique Climate, Maps of World, accessed on 30 May 2012 4Mozambique Profile, World Bank, accessed on 23 July 2013 5Mozambique Currency, Maps of World, accessed on 21 July 2012 6Mozambique Central Bank
Mining duties, royalties and taxes in Indonesia - Lexology
Jul 04, 2019· GR 9/2012 requires IUP and IUPK holders to pay dead rent of $2 per hectare per year for the exploration stage and $4 per hectare per year for
Oil & Gas Regulation 2021 Indonesia ICLG
May 02, 2021· This is a 3.4% decrease from the production rate in 2018. In 2018, Indonesias oil and gas revenue contributed roughly 7% of State revenue. The State retains mineral rights throughout Indonesian territory and the Government holds the mining authority. (e.g. royalty
IM4DC supports developing nations
IM4DC supports developing nations The International Mining for Development Centre (IM4DC) supports developing nations to transform their extractive resource endowments into inclusive and sustainable economic and social development. It achieves this by building capacity in mining governance through education and training, fellowships, institutional partnerships, action research, advice to
Indonesia Raises Nickel Royalty from 5% to 10% - The
Dec 10, 2019· JAKARTA (TheInsiderStories) Indonesian government raised nickel royalty from 5 percent to 10 percent, said energy and mineral resources (EMR) ministry today (12/10). The new policy regulate through presidential decree Number 81 of 2019 concerning Tariffs on Non-Tax Revenues. The royalty rate provisions apply to nickel ore commodities.
Mining In Indonesia Mining Rights And Title. Conventus Law
The Constitution stipulates that Indonesias natural resources are controlled by the state and must be used for the maximum benefit of the Indonesian people. Article 4, paragraph 2 of Law 4/2009 on Coal and Mineral Mining (Law 4/2009) enables the central government or the regional government to exercise control over mineral mining activities.
Rate Of Royalty On Mining Of Limestone In Indonesia
lime stone quarry in indonesia Description : Limestone mining in Indonesia Demotix 2 Dec 2011 rate of royalty on mining of line in indonesia. Read more Us rock quarry royalty rates - Stone / ore powder making
OK TEDI MINING LIMITED
Ok Tedi Mining Limited (OTML, or the Company) is a proudly owned Papua New Guinea (PNG) company operating in a remote area of WesternProvince. The company has been mining copper, gold and silver at MtFubilanopenpit operations for over 36 years. Image (right): Florentina Masi, Luke Cerny and Jamies Ehava,
Freeport-McMoRan (FCX) is a leading international mining company with headquarters in Phoenix, Arizona. Our company was incorporated under the laws of the state of Delaware on November 10, 1987. We operate large, long-lived geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum.
Production-Sharing Agreements: An Economic Analysis
partner pays a royalty on gross production to the government. After the royalty is deducted, the FOC is entitled to a pre-specified share (e.g. 40 percent) of production for cost recovery. The remainder of the production, so called profit oil, is then shared between government and FOC at
Indonesia to charge higher coal mining royalties under
Jun 20, 2019· The change in mining rules would increase the governments share of coal mining revenue to 79% . The change in the royalty rate would be
Taxation Minerals Council of Australia
The mining industry is highly competitive, with other resource-rich economies trying to capture future opportunities in resource development. A combination of state and territory royalties and a high rate of federal company tax means Australia is a relatively high tax jurisdiction for mining.
Effect of Indonesia's New Mining Regulations Already
Jun 24, 2020· CCoWs are charged a royalty of 13.5% of sales and income taxes of 45%, against the newer coal-mining permits (IUP), which have royalties of between 2%-7% and a standard 25% tax rate. Fitch expects the state to provide clarity prior to the expiration of PT Arutmin Indonesia's CCoW in November 2020; Arutmin is one of Indonesia's largest coal mines.
Indonesia to revise royalty rates - Djakarta Mining Club
Jan 15, 2021· Indonesia to revise royalty rates on coal, gold in bid to boost revenue January 22, 2021 Djakarta Mining Club Editor Indonesia plans to adjust its royalty payment policies on sales ofgoldandcoalin an effort to boost state revenues as prices of
Major Mines & Projects - Mining Intelligence and News
PT-FI is a limited liability company organized under the laws of the Republic of Indonesia. Freeport-McMoRan have a 48.76 percent share ownership in PT-FI and the remaining 51.24 percent share ownership is held by PT Indonesia Asahan Aluminium (an Indonesian state-owned enterprise).
Annual Survey of Mining Companies, 2020 Fraser Institute
Feb 23, 2021· This report presents the results of the Fraser Institutes 2020 annual survey of mining and exploration companies. The survey is an attempt to assess how mineral endowments and public policy factors such as taxation and regulatory uncertainty affect exploration investment.
Withholding tax (WHT) rates
Territory WHT rates (%) (Div/Int/Roy) Albania (Last reviewed 24 December 2020): Resident: NA; Non-resident: 8 / 15 / 15 Algeria (Last reviewed 01 February 2021): Resident: 15 / 10 /0 but VAT 19 unless exempted; Non-resident: 15 / 10 / 30 unless rates provided by Double tax treaties Angola (Last reviewed 05 January 2021): Dividends and royalties are taxed at 10%, and the tax is withheld at
Mining Royalties - ISBN: 0821365029
3.1 Examples of Royalty Methods and Basis of Calculation 56 3.2 Rate Applied to Nine Royalty Bases That Yields $20 Million in Royalty 63 3.3 Evaluation of Royalty Types Using Selected Government and Investor Criteria 64 3.4 Summary of Royalty Practices in Selected African Countries 83 3.5 Summary of Royalty Practices in Selected
Coal Mining Industry Indonesia: Higher Royalties for IUP
Jan 07, 2015· 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. R. Sukhyar, Director General for Coal and Mineral Resources at the Indonesian Ministry of