Definition A payment to the owner of mineral rights for the privilege of extracting the mineral from the ground based on a lease agreement . The royalty payment is based on a portion of earnings from production and varies depending on the type of mineral and the market conditions .
2019-11-11· Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation. A royalty interest is the right to collect a stream of future royalty payments.
Royalties protect the owner of intellectual property (like copyrights, patents, and trademarks) and other types of property. These royalties are granted by agreement, and they allow others to use the property, giving the owner the benefit of an income from this use. Royalties
2016-09-21· SOUTH AFRICA MINING AND PETROLEUM ROYALTIES THE IMPOSITION AND CALCULATION By BETSIE STRYDOM (Director in the Tax Practice of the Corporate Department of BOWMAN GILFILLAN) The imposition of mineral and petroleum royalties (“mining royalties
2019-12-03· Mining royalties in NSW are payable on minerals, which are divided into coal royalties, mineral (non-coal) royalties, and petroleum royalties. Mineral royalty returns and payment due dates are based on the mineral type. The following shows when the returns are to be lodged and the due dates.
2012-03-31· They are led by chairman Pierre Lassonde who is considered by many to be a living legend in the mining industry. Franco-Nevada is the leading gold royalty and stream company in terms of revenue and number of assets. They hold over 200 mineral royalties and streams as well as over 200 oil and gas royalties.
Under the Mining Act 1978, royalties are payable on all minerals. However, the definition of ‘mineral’ excludes the following where they occur on private land: limestone, rock or gravel shale, other than oil shale; sand, other than mineral sands, silica sand or garnet sand; clay, other than Kaolin, bentonite, attapulgite, or montmorillonite.
2019-10-21· Net Smelter Return (NSR) is the net revenue that the owner of a mining property receives from the sale of the mine's metal/non metal products less transportation and refining costs. As a royalty it refers to the fraction of net smelter return that a mine operator
Royalty definition is royal status or power : sovereignty. one of the country’s richest states with a $65 billion savings account fueled by oil royalties and leasing revenues, an amount of money that is paid by a mining or oil company to the owner of the land the company is using.
Royalty Compensation for the use of property, usually copyrighted works, patented inventions, or natural resources, expressed as a percentage of receipts from using the property or as a payment for each unit produced. When a person creates a book, song, play, or painting, the work is considered Intellectual Property. Similarly, when
Mineral Royalties Law and Legal Definition Mineral Royalties are regular payments, usually based on the volume or price of minerals extracted, made by mining enterprises to national states or other owners of mineral resources as consideration for the right to exploit particular mineral resources.
And mining stocks have watched their stocks fall by more than 50% over the past three years. Most large mining companies are now sitting on boatloads of debt. In an effort to ease this burden, they are selling a portion of their production to royalty companies.
2019-12-01· Mining Taxation in Canada The mining industry is a highly cyclical and capital-intensive, with a long lead time between initial investment and commercial production. Accordingly, the federal and provincial income tax and provincial mining tax systems treat exploration and other intangible mining expenses generously.
2012-11-13· 4 MIneral royaltIes anD other MInIng-speCIfIC taxes MIneral taxes Mineral royalty and tax types and their characteristics As special taxes for the mining sector are, in principle, directed at the net value of the mineral resource after the deduction of costs
What is a royalty? A royalty is the right to receive a percentage or other denomination of mineral production from a mining operation. Most of Royal Gold’s royalties are based on production generated from a mine. For example, a 2.0% gross value royalty on a mine that produces 100,000 ounces of gold annually, would generate payments
Definition of royalties in the Financial Dictionary by Free online English dictionary and encyclopedia. What is royalties? Meaning of royalties as a finance term. What does royalties mean in finance? Royalties financial definition of royalties. Hard-rock mining royalties and the federal law.
A win for the mining industry: The High Court’s recent decision regarding the calculation of a royalty Provided by Cliffe Dekker Hofmeyr AN OVERVIEW OF OUR LAW FIRM At Cliffe Dekker Hofmeyr (CDH) we believe the right partnership can lead to great things.
‘Producers pay royalties and severance taxes from oil and gas they take out, corporate income tax on profits, and property taxes on production and transmission line lands.’ ‘It's been under lease to the mining giant since the late 1960s, and the traditional owners receive royalties, even though the lease predates the Land Rights Act.’
Royalties for Regions (RfR) is funding 25% of the cost of the payments, with this amount to be re-appropriated to RfR following repayment of the rebates. At the conclusion of the assistance period, the rebates are fully repayable over a period of up to two years, with repayments to be made in accordance with a schedule negotiated between the producer and the Minister for Mines and Petroleum.
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
2015-11-18· International Financial Reporting Standards (IFRS) provide the basis for financial reporting to the capital markets in an increasing number of countries around the world. Over 100 countries either use or are adopting IFRS. Those companies already on
2015-08-14· Gains derived by resident and non-resident mining companies from disposal of immovable property are generally subject to capital gains tax at 22%. However, if the immovable property falls within the definition of mining capital expenditure (see the definition under capital allowances below), the disposal gains are exempt from capital gains tax.
2014-11-26· The first edition of ‘Mineral Royalties’ was published in 1998 and second revised edition was published in 2006. This updated 3rd edition of ‘Mineral Royalties’ is intended to provide the reader with a broad perception of various legal, technical and fiscal issues concerning with mineral royalties.
2019-10-21· An overview on royalties and similar taxes Oil and gas upstream sector across Europe. Contents 2 Background and methodology Executive summary General overview of Romania and other European countries Graphical view of oil & gas royalties and similar taxes Fiscal regime changes Limitations and
A fee that one receives in exchange for allowing another party to use and profit from one's property. For example, a publisher who prints and sells a book must compensate the author for use of his/her intellectual property. Usually a royalty is a percentage of the revenue or profit that the other party (in this example, the publisher
2019-12-07· About Mining and MineralsThe Mining Law, as amended, opened the public lands of the United States to mineral acquisition by the location and maintenance of mining claims. Mineral deposits subject to acquisition in this manner are generally referred to as "locatable minerals." Locatable minerals include both metallic minerals (gold
Definition of royalty: Compensation, consideration, or fee paid for a license or privilege to use an intellectual property (brand, copyright (fishing, hunting, mining), computed usually as a percentage of revenue or profit realized from the use. See also technology licensing. income
2006-05-24· This stone seeks to put forward the proposition that there is a distinct possibility that the definition of duties of excise could be expanded to include at least some of the mining royalties levied by State Governments, which would place them beyond their power to impose.
Define royalty. royalty synonyms, royalty pronunciation, royalty translation, English dictionary definition of royalty. n. pl. roy·al·ties 1. a. A person of royal rank or especially of an oil or mining lease. these graceful and harmless cats would easily become as sacred as any other royalties, and indeed more so,
2015-07-29· 1 June 2015 The new revenue recognition standard mining and metals Contents What you need to know • IFRS 15 creates a single source of revenue requirements for all entities in all industries. Consistent with current IFRS, it is principles-based, but it
2011-06-28· mining claim has the legislative right to obtain a mining lease, although surface rights provisions under the Ontario Mining Act control that activity and apply as work progresses. Most Crown land can be staked out and prospected for minerals. Private property may also be staked as a mineral rights and royalties,