government to revise royalty rates on minerals

DRC mineral royalty increases with mining code

2019-10-4 · 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 []

2016-2-20 · MINES & MINERALS POLICY OF MALAWI Ministry of Energy and Mines, Private Bag 350, Government The Mines and Minerals Policy is a product of consultations over a period of three years, with a wide range of stakeholders including mining and it will also revise the Mines and Minerals Act of 1981, and related...

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M/S. Rayalseema Paper Mills Ltd. & vs Government

The rates of royalty of Rs.284/per Metric Tonne for bamboo and Rs.135/per Metric Tonne for hard wood were arrived at by an involved process which is indicated in the report, which to us seems to be fair and reasonable. The Government did not arrive at the rates of royalty in an arbitrary manner.

2014-7-31 · Decision on raising royalty rates soon: Narendra Singh Tomar, Steel and Mines Minister The rates of royalty revised every three years for major minerals excluding coal, lignite and sand for stowing were last revised in August, 2009....

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DGM proposes to significantly increase mining royalty

2019-9-19 · DGM proposes to significantly increase mining royalty rates for all minerals. Tenzing Lamsang 04/11/2015 Headline an initiative to revise the rates were taken by the Department of Revenue and Customs in consultation with the Department of Industry and the DGM. They proposed a percentage increase to the existing rates to the then government.

2014-8-22 · Read more about Revision of Rates of Royalty and Dead Rent in respect of certain minerals (other than minor minerals, coal, lignite and sand for stowing) on Business Standard. With this decision, the royalty to mineral rich States would increase by 41 percent from Rs. 9406 crore (2011-12) to Rs. 13274 crore (estimated). The Chief Ministers of these States have been repeatedly pressing for this ...

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REVISION OF ROYALTY RATES OF MAJOR MINERALS

2015-1-28 · enhance the rates of royalty more than once during any period of three years. The last revision of the rates of royalty was effected on 13.8.2009. The MMDR Act, 1957, does not mandate the Central Government to revise the rates of royalty every three years, so that new rates come into force every three years.

The royalty on minerals is paid to the state government by the mining lease holders. From the very beginning, the rate of the royalty to be paid on minerals is decided on advalorem basis (i.e. proportionate to the quantity mined or produced). Exercising the right of the states to increase or revise the rates of the royalty, the Punjab ...

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Govt to set up expert group to revise royalty on

2011-9-15 · 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 and sand. The government will set up an

2015-1-28 · GOVERNMENT OF INDIA MINISTRY OF MINES LOK SABHA UNSTARRED QUESTION NO. 1636 TO BE ANSWERED ON 21ST JULY 2014 ROYALTY RATES FOR MINERALS 1636. SHRI IDRIS ALI: SHRI NAGENDRA KUMAR PRADHAN: Will the Minister of MINES be pleased to state: (a) whether the Government proposes to revise royalty rates for various minerals as well as non-ferrous ...

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Government hikes royalty rates on minerals |

2014-8-21 · Government hikes royalty rates on minerals. The government Wednesday gave nod to increasing royalty rates on minerals including iron ore and bauxite, a long-awaited move that will significantly swell the annual revenue of states.

2009-8-11 · Mineral Royalty Rates Act, B.E. 2509 (1966) Translation Whereas it is deemed expedient to revise the law on mineral royalty rates; Be it, therefore, enacted by the King, by and with the advice and consent of the Royalty on other minerals shall be ...

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Time to change: Increase in royalty rates for minerals

2014-10-23 · Time to change: Increase in royalty rates for minerals dubbed 'illegal' FMOA threat­ens to take to the street­s if royalt­y rates not revise­d. By Our Correspondent

2014-7-11 · Jaitley also said the government would revise royalty rates on mining to help state governments earn more. Chhattisgarh and Jharkhand have been seeking higher royalty rates of major minerals ...

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Royalty revision relief for state

2014-8-22 · The mining royalty was last revised on August 13, 2009. Despite the repeated appeals of the state government and mineral-bearing states, the Centre did not make any revision of royalty, which had been due since 2012. Yesterday, the Centre gave its nod to hike the royalty rates on minerals, including iron ore and bauxite.

2011-9-16 · Mines Min forms expert group to revise royalty on minerals Mines Ministry has formed an expert group to review royalty rates for all major minerals other than coal, lignite and sand, due for ...

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MINERALS ACT, BE

2017-12-11 · Whereas it is expedient to revise the law on minerals and the law on mineral royalty rates; Be it, therefore, enacted by the King, by and with the advice and consent of the National Legislative Assembly, as follows. Section 1. This Act is called the "Minerals Act, B.E. 2560 (2017)".

2019-8-24 · tax royalty rates from 2010 to 2014. In the past year, Zambia was the only country to revise mineral royalty rates, thus pushing its rates up on two separate occasions during the past six years. Zimbabwe and Zambia are the only countries in our sample that shifted mineral royalty rates at least twice in the last six years....

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Proposal to revise the existing rates of royalty on coal

2012-4-12 · The existing royalty rates had been notified by the Government on 01.08.2007 as per the recommendations of a Committee, constituted in 2005 by the Ministry of Coal for revision of royalty on coal and lignite which were based on the then recommendations of Economic Advisory Council (EAC) to the Prime Minister.

2016-4-7 · With the approval of the Government, the Forest, Environment & Wildlife Management Department is hereby pleased to revise and fix the royalty rates and fee on various forest produce and services as under, with effect from...

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Royalty rates for iron ore hiked to 15% | Raipur News

2014-8-22 · 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 significant

2014-8-28 · The Cabinet gave its nod to hike the mining royalty based on the recommendations of a 17-member study panel set up by the UPA II government in 2011. This revised royalty rates ...

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Govt hikes royalty rates on minerals

2014-8-21 · The government on Wednesday gave nod to increasing royalty rates on minerals including iron ore and bauxite, a long-awaited move that will significantly swell the annual revenue of states.

Minerals, Surface Rights and Royalty Payments

2015-8-11 · Minerals: Not All Substances in Ground Regarding ownership of the minerals in the ground, the courts have recognized that property rights of the surface owner sometimes extend below the surface. Traditionally, un-der common law, all matter was divided into three categories animals, vegetables and minerals (which included the soil and

FAQ's | Official Website of Mineral Resources

Also, the Central Government notifies certain minerals as 'minor' minerals from time to time for which the absolute powers for deciding on procedures of seeking applications for and granting mineral concessions, fixing rates of royalty, dead rent, and power to revise orders rest only with the State Government.