By James Otto, Craig B. Andrews, Fred Cawood, Michael Doggett, Pietro Guj, Frank Stermole, John Stermole, John Tilton
This publication encompasses a wealth of data and research when it comes to mineral royalties. fundamental info comprises royalty laws from over 40 international locations. research is complete and addresses problems with significance to diversified stakeholders together with executive policymakers, tax directors, society, neighborhood groups and mining businesses. huge footnotes and citations offer a beneficial source for researchers.
Read or Download Mining Royalties: A Global Study of Their Impact on Investors, Government, And Civil Society (Directions in Development) PDF
Best energy & mining books
Spanning the years 1840-1875, past the bounds specializes in the payment of higher Michigan's Keweenaw Peninsula, telling the tale of reluctant pioneers who tried to set up a good degree of convenience, regulate, and safety in what used to be in lots of methods a adverse setting. relocating past the technological heritage of the interval present in his past ebook Cradle to the Grave: lifestyles, paintings, and loss of life on the Lake greater Copper Mines (OUP 1991), Lankton right here specializes in the folk of this area and the way the copper mining affected their day-by-day lives.
The coal mine represented even more than a manner of creating a residing to the miners of Thurber, Texas, within the past due 19th and early 20th centuries-it represented a lifestyle. Coal mining ruled Thurber's paintings existence, and miners ruled its social lifestyles. the massive immigrant inhabitants that stuffed the mines in Thurber represented greater than a dozen international locations, which lent a area of expertise to this Texas city.
Fluctuations in offer and insist, techniques in expertise, and altering rules have dramatically replaced the oil and gasoline industries lately. This complaints explains the alterations and explores their implications for the paintings of analysts and different funding execs.
Because the key part in aluminum creation, bauxite has turn into essentially the most very important minerals of the final 100 years. to a couple it introduced monetary and political virtue, yet for plenty of others, its improvement left a legacy of exploitation. Aluminum Ore explores the heritage of bauxite within the 20th century and the worldwide forces that this heritage represents, from its strategic improvement within the First global struggle to its position within the globalization of markets as businesses from the northern hemisphere vied for the assets of the south.
Extra resources for Mining Royalties: A Global Study of Their Impact on Investors, Government, And Civil Society (Directions in Development)
To compensate companies for assuming more Taxation of the Mineral Sector 11 risk, the government must be willing to allow firms to capture a large share of the expected profits, which means lower expected government revenues. The mix of taxes also affects the flow of government revenues over time. An import duty, for example, on trucks, drills, ball mills, and other imported capital goods produces tax revenues during the development stage of a project. Revenues come from a unit- or value-based royalty at the time of production, from a corporate profits tax or profit-based royalty once the project is profitable, and from an additional profits tax only after the designated profit hurdle has been met.
The height of each column reflects the costs of producing a given quantity of metal, such as copper. For example, the mine shown in column A has production costs of 0Ca, and the mine in column B has production costs of 0Cb. The amount of output that each mine can produce is given by the width of its column. So the lowest-cost mine (column A) can produce 0Qa pounds of copper, and the second-lowest-cost mine (column B) can produce QaQb pounds. P1 is the market price of copper when demand can be completely satisfied by mine A.
Apply ring-fencing principles (accounts from the mine may not be mixed with accounts for activities outside the mine). Source: Otto 2004. 18 Mining Royalties receives at least some compensation for the transferred property right. Some nations forgo such a tax, perhaps recognizing that compensation for the ownership loss may take forms other than fiscal revenues, such as employment, infrastructure, and so forth. In times of protracted low commodity prices, the public may become antagonistic to mines that exploit nonrenewable public resources and do not pay income-based taxes.