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Government to Revise Royalty Rates on Minerals- The New Indian
Jul 10, 2014Thursday, September, 30, 2021. Toggle navigation Subscribe E-. Nation
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Revised rates of royalty for minerals Legality Simplified
Mar 16, 2022The Central Government vide notification dated 15th March, 2022 has amended the Mines and Minerals (Development and Regulation) Act, 1957 to revise the RATES OF ROYALTY for following minerals: Emerald: Ten percent of average sale price on ad valorem basis. Glauconite and Potash: Two point five percent of price for Muriate of Potash.
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Government to revise royalty rates on minerals Business Standard
Jul 10, 2014Read more about Government to revise royalty rates on minerals on Business Standard. The government will revise the rates of royalty on minerals following a request by mineral bearing states.
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Government to revise royalty rates on minerals TwoCircles.net
Jul 10, 2014New Delhi : The government will revise the rates of royalty on minerals following a request by mineral bearing states. Finance Minister Arun Jaitley announced this while presenting the national budget for fiscal 2014-15. Mineral-rich states like Chhattisgarh, Odisha, Jharkhand, Karnataka and Goa have been asking for a steep hike in the royalty rates for their
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Revision of Royalty Rates of Minerals
Mar 16, 2015As a result of the revised rates of royalty, the revenue from royalty from non-coal minerals to state governments (including the states of Karnataka, Andhra Pradesh, Odisha and Jharkhand) is likely to increase from Rs. 9406.45 crore (at the year 2011-12 production level) to Rs. 13274.18 crore, an increase of 41%.
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Government hikes royalty rates on minerals The
Aug 20, 2014Chhattisgarh, Odisha, Jharkhand, Karnataka and Goa are among the 11 mineral-rich states. The Cabinet proposal had sought to raise the royalty rate on iron ore and chromite to 15 per cent from 10 per cent now. For bauxite, it wanted the royalty to be hiked to 0.6 per cent from 0.5 per cent now.
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Federal Register :: Non-Energy Solid Leasable Minerals
Oct 26, 2020Response: In 2019, the federal government collected $57.1 million in Royalties from non-energy solid leasable minerals, 49% of which was transferred back to the states, totaling $28 million. By comparison, $3.2 billion dollars was collected from oil, gas, and coal in 2019, of which the states also received 49%, totaling $1.6 billion.
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Raising of Mineral Royalty Rates
Dec 13, 2021In exercise of the powers conferred under sub-section (3) of Section 9 of the Mines and Minerals (Development and Regulation) Act, 1957, the Central Government notified the rates of royalty vide Gazette Notification dated 01.09.2014 and royalty rates prior to 2014 were notified vide Gazette Notification dated 13.08.2009.
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The Bureau of Land Management’s Final Rule Streamlines
Minerals covered by the BLM’s new rule, effective 30 days after publication in the Federal Register, include soda ash, potash, phosphate, sodium, potassium, sulphur and gilsonite. “The Trump Administration has had enough of foreign powers taking aim at our nation’s domestic mineral producers.
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Non-Energy Solid Leasable Minerals Royalty Rate
Oct 18, 2019The 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.
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Revised rates of royalty for minerals Legality Simplified
Mar 16, 2022The Central Government vide notification dated 15th March, 2022 has amended the Mines and Minerals (Development and Regulation) Act, 1957 to revise the RATES OF ROYALTY for following minerals: Emerald: Ten percent of average sale price on ad valorem basis. Glauconite and Potash: Two point five percent of price for Muriate of Potash.
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Govt To Set Up Expert Group To Revise Royalty On Minerals
Sep 14, 2011The 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.
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REVISION OF ROYALTY RATES OF MAJOR MINERALS
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.
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Raising of Mineral Royalty Rates
Dec 13, 2021The current rates of royalty on iron ore, chromite, manganese ore, bauxitelimestone and the rates prior to the revision in 2014 are given at Annexure. In order to evaluate the revision of royalty rates and dead rent for minerals (other than coal, lignite, sand for stowing and minor minerals), the Ministry of Mines vide order dated 09.02.2018
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Patnaik seeks revision of royalty on minerals Business Standard
The Second Schedule of the MMDR Act covers 50 major minerals and a separate category of all other minerals. 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.
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Federal Register :: Non-Energy Solid Leasable Minerals Royalty Rate
Oct 26, 2020The Bureau of Land Management (BLM) is amending its regulations to revise the process for lessees to seek and for the BLM to grant reductions of rental fees, royalty rates, and/or minimum production requirements associated with all non-energy solid leasable minerals. This final rule streamlines the process for such reductions for non-energy
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Government rescinds notification on revision of royalty rates
Sep 26, 2019Since the amendment of the Mines and Minerals (Development and Regulation) Act came into force in 2015, making auction mandatory for allocation of leases, royalty rates in the rescinded
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DGM proposes to significantly increase mining royalty rates
Apr 11, 2015If approved the government stands to gain an additional Nu 177 mn every year, over and above the current annual mining revenue which was Nu 230.92 mn in 2013. This would mean a total of more than Nu 408 mn a year in total mining revenue. (See mineral wise royalty and mineral rent revision chart on page 10)
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Non-Energy Solid Leasable Minerals Royalty Rate Reduction Process
Oct 18, 2019The regulations in 43 CFR part 3500 are authorized by the Mineral Leasing Act of 1920 ( 30 U.S.C. 181 et seq.) and other statutory authorities. The proposed rule would streamline the process to apply for rental fee, royalty rate, and minimum production requirement reductions for non-energy solid mineral leases.
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Mining Royalties ISBN: 0821365029
3.10 Exposure to Risk with Periodic Mineral Royalties 125 3.11 Private Party Mineral Royalties in South Africa, 1990–2004 130 3.12 Differences between State and Private Mineral Royalties in South Africa 132 4.1 Gold Model (leveraged) Summary of Royalty and Tax Calculations 151 4.2 Gold Model (100% equity) Summary of Royalty
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Indonesia to revise royalty rates on coal, gold in bid to Reuters
Jan 15, 2021Companies currently pay 2% to 7% of coal sales to the central government in royalties, while gold royalty payments are now set at 3.75% to 5% of gold sales, based on prices of up to $1,700 per ounce.
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Mines and Minerals:2015 Issues and Analysis @ abhipedia
Dec 01, 2015For some of the States, this revision in rates of royalty may have resulted in an increase of more than 45% in revenue collection through royalty. Delegation of powers to States through notification of 31 minerals as ‘minor’ minerals. The Central Government has notified 31 minerals as ‘minor’ minerals on 10.2.2015 to delegate entire
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Yeddy Regime Urges Centre to Revise Royalty on Major Minerals
BSY regime urges Centre to revise royalty on major minerals From Our Special Correspondent Daijiworld Media Network. BANGALORE, JUNE 10: Even as Karnataka chief minister B S Yeddyurappa and his miffed ministerial colleagues comprising mainly the Bellary mining lords G Janaradhana Reddy, G Karunakar Reddy and B Sriramulu as well as their flock of dissident
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Indonesia to revise royalty rates on coal, gold IndoAsian
Jan 19, 2021Indonesia 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, a Reuters report said. The world’s top exporter of thermal coal expects a recovery in prices and exports this year after scoring a $1.5-billion trade deal with []
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Govt looks at revision of rates of royalty for minerals
New Delhi: The government is set to examine issues pertaining to the revision of rates of royalty for minerals and is going to set up an 11-member committee in this regard. The members of the committee will include mines secretaries from states like Telangana, Chhattisgarh, Jharkhand, Karnataka, Madhya Pradesh and Odisha. An official order from the Ministry of
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DGM proposes to significantly increase mining royalty rates
Apr 11, 2015If approved the government stands to gain an additional Nu 177 mn every year, over and above the current annual mining revenue which was Nu 230.92 mn in 2013. This would mean a total of more than Nu 408 mn a year in total mining revenue. (See mineral wise royalty and mineral rent revision chart on page 10)
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Govt hikes royalty rates on minerals BusinessToday
Aug 20, 2014The 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.
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Patnaik seeks revision of royalty on minerals Business Standard
The Second Schedule of the MMDR Act covers 50 major minerals and a separate category of all other minerals. 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.
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Government rescinds notification on revision of royalty rates
Sep 26, 2019Since the amendment of the Mines and Minerals (Development and Regulation) Act came into force in 2015, making auction mandatory for allocation of leases, royalty rates in the rescinded
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ROYALTY RATES FOR MINERALS The Economic Times
Mar 31, 2021The Mines and Minerals (Development and Regulation) Act, 1957 does not mandate the Central Government to revise the rates of royalty every three years. 16 Jul, 2014, 02.26 PM IST Mining industry demands cut in iron ore royalty to 7.5%
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Time to change: Increase in royalty rates for minerals dubbed ‘illegal
Oct 23, 2014Through a notification issued on July 18, secretary for mineral development in Khyber-Pakhtunkhwa (K-P) increased the royalty rates for over 50 minerals extracted from mines and transported to the
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ROYALTY RATES OF MINERALS Ministry of Mines Home
ROYALTY RATES OF MINERALS 445. SHRI. NISHIKANT DUBEY: Will the Minister of MINES be pleased to state: (a) the details of existing royalty rates of various minerals along with the year in which the same was last revised; (b) whether various mineral rich States have urged the Union Government to hike the royalty rates of various kinds of minerals;
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Indonesia to revise royalty rates on coal, gold IndoAsian
Jan 19, 2021Indonesia 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, a Reuters report said. The world’s top exporter of thermal coal expects a recovery in prices and exports this year after scoring a $1.5-billion trade deal with []
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Mineral royalty rates: Latest NewsVideos, Photos about Mineral
Mar 31, 2021Mineral royalty rates Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Mineral royalty rates Blogs, Comments and Archive News on Economictimes English Edition 07 May, 2022, 11:44 AM IST
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Indonesia to revise royalty rates on coal, gold in bid to boost
Jan 15, 2021Indonesia to revise royalty rates on coal, gold in bid to boost revenue Back to video. Home to the world’s biggest gold mine, Indonesia also ranks among the top producers of the precious metal, benefiting from a price rally last year. the director general of minerals and coal at the ministry, told an online conference.
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Indonesia to revise royalty rates on coal, gold in bid to boost
Jan 15, 2021Companies currently pay 2% to 7% of coal sales to the central government in royalties, while gold royalty payments are now set at 3.75% to 5% of gold sales, based on prices of up to $1 700/oz.
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Govt to revise royalty rates on coal and lignite
Apr 11, 2012The implementation of above revised rates of royalty on coal and lignite would provide coal and lignite bearing States reasonable share of the income earned by mining, production and selling of
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Chhattisgarh CM Bhupesh Baghel writes to Centre over minerals royalty rates
On January 13, the Centre had decided to set up an 11-member panel including mines secretaries from various states, to examine issues pertaining to the
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