The effective royalty rate for a particular period depends on the average price per metric tone (mt) of coal for the return period and is calculated on a tiered system.
The royalty rate for coal for a return period is calculated by reference to the average price per tonne of the coal sold, disposed of or used in that period (average price, or AP) by a producer in relation to a particular mining operation, as follows: If the average price is 100 or less, the rate is 7% of the value of the coal.
IBLA 89191 OPINION BY ADMINISTRATIVE JUDGE HARRIS WFU has appealed from a November 23, 1988, decision of the State Director, Colorado State Office, Bureau of Land Management (BLM), denying its application for a reduction of the royalty rate for Federal coal leases C023703, C44693, and C, from 8 percent to 2 percent of value, and for a ...
Jul 01, 2013· Govt' s plan to increase coal mining royalty ' illtimed' ... executive director of the Indonesian Coal Mining Association (APBI), said small mining companies would suffer from the policy ...
The rate for the royalty is determined according to a formula contemplated in subsections (1) and (2) of section 4 of the Mineral and Petroleum Resources Royalties Act, 2008 and differentiates between the refined and unrefined conditions of the mineral resource, and are currently as follows –
Under the new ad valorem formula charging royalty on coal and lignite will be at the rate of 14 and 6 per cent respectively, as per the recommendations of the Study Group, constituted by Ministry ...
Oklahoma: All six federal coal leases in OK of different durations received a royalty rate reduction, paying an average royalty rate of percent on federal coal beginning in 1995 through 2013. One OK lease received a rate reduction of percent (from percent to percent) in 1995, remaining at percent through 2013.
The Victorian Government is expected to reap more than 250 million over four years by lifting the royalty rate for companies mining brown coal.
royalty payments through a royalty rate, there is an incentive for companies to reduce reported coal sales prices in order to minimize the royalty payments owed and companies have employed several tactics to lower the selling price of coal without losing revenue.
As the regulation is silent on the royalty percentage, we presume that the standard royalty rates of 3–7% for Mining Business Permits (Ijin Usaha Pertambangan/IUP) and % for Coal Contracts of Work (CCOW) will apply.
Rates of Royalty in respect of item 11 relating to Coal including Lignite as revised vide notification number 572(E), dated the 16th August, 2002 of Government of India, in the Department of Coal, will remain in force until revised through a separate notification by the Ministry of Coal.
The Indonesian Government continues to act on its policy of prioritising minemouth power projects. In September 2013 we wrote that the Government was discussing a draft new regulation on minemouth power projects. The new ministerial regulation was issued in April, focusing on the supply and pricing of coal for minemouth power projects.
Sep 12, 2012· Anglo Pacific Group PLC advises that the proposed changes to royalty rates, ... Proposed Increase to Coal Royalty Rate in Queensland, Australia. Marketwire
Jul 14, 2008· Indonesian Govt may take coal royalty inkind to secure domestic supplies Posted on July 14, 2008 by coalgossip The government may ask coal producers to pay royalties in kind rather than in cash to secure supply for domestic power plants, Koran Tempo Daily reported on Friday.
The new royalty rates would, however, not be applicable to coal or lignite mined in West Bengal since the local government of this province had levied a cess of 25% per ton of coal mined, which ...
Indonesia has capped the price of domestic coal for power stations at 70 per ton for two years, in new rules issued this week, a government spokesman said on Friday.